Dash Double Top

The market is going to fall below 200.00 level. At the same time on the daily chart it can be formed a double top. This chart pattern gives a signal about possible trend reversal. We must be ready to further downward movement. Let's look at the indicators now. MACD histogram is going to reverse and confirm downward movement. RSI is going to confirm price reversal from 200.00 resistance level. DMI shows range market conditions and we should not expect strong upward movement. If the market drops, we'll have to pay attention to price action near MA50, MA100 and 120.00 support level. If the market gives us confirmed reversal signals in one of these zones, we'll have new buy opportunity. And one more thing, if you have long trades which give you some profit, it's good time to think about exit from these trades. But it's just my opinion and you have to follow your trading and money management strategies.