The index has come to the end of the triangle. It'll either go down or up. However, the RSI has reached the overbought zone for more than a week already. Also compare with DAX, Nikkei and Shanghai (China), all these major markets have also reached the overbought zone. It is unlikely that DOWI can go higher than 17950.
My conclusion is that the index will start going down on 8 Dec, until 16 Dec; from 17950 level to 17000 level.
Comments
jimmy_hongkong
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I am the ONLY person on this web who can correctly predict DOWI will drop on an ACTUAL date at a ACTUAL level of price. "So, my conclusion is that the index will start going down either on 5 Dec or 8 Dec, until 14 Dec; from 17940 level to 17280-17340 level." The index start dropping on 8 Dec from 17940 level.