DaddySawbucks

US 30 Double Top Possible Path to Bear

Viés de baixa
DaddySawbucks Atualizado   
DJ:DJI   Índice industrial médio Dow Jones
Just an idea. Not sayin this is goin down like this but I'm afraid it could play out this way.

Breakdown thru the neckline will signal sell. Rejected retest will confirm it. IF this goes down, then the bull is over.

Prices are just darn high. Stupid high. Fear may soon overcome greed; if so, hope will be dashed.

Here's a Forex link for the pattern. Break through neckline with a retest of that support is the sell signal:

dailypriceaction.com...s/double-top-pattern




Trade ativo:
Appears to be forming a running flat correction with descending wedge on 253 support line. Could breakout up soon, possibly this week- I wouldn't short it now!
Trade ativo:
Running flat broke down, It's remarkable how the retrace approached former support and turned back EXACTLY at that price level, which was also the 0.618 Fibo. Price action suggests more bearishness ahead and significantly lower prices.
Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.