lauralea

Double Bottom/Over-extended?

lauralea Updated   
AMEX:DIA   SPDR Dow Jones Industrial Average ETF
ATH 369.5.

The double bottom formed a little while back.
Fairly steep climb and has surpassed the 1.272 on it's 4th leg up.
This really looks like it will reverse soon but no telling!

DIA is at a resistance trendline and it remains to be seen if it will be broken.

Possibly bit overextended at this level but time will tell.

No recommendation.
Comment:
Rising wedge on daily and hourly. This pattern is not valid until the bottom trendline is broken and can stay bullish for quite a while.
Comment:
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