Pashabxl
Short

DOWI. A GENUINE DOUBLE TOP ?

INDEX:DOWI   DOW Industrials
166 0 0
Well, we can hardly make such a genuine double top . It is rare to see such a precision.
Of course, we do not know yet if it is a genuine douple top or not. A lot of signals show that it may be very much, but we need to see the next candle.
On the other hand, macro economic news are not of a kind to fluel the market.
If THIS CHART is a confirmed DOUBLE TOP , the neck line is at 16333, and after a little pull back of the trend, the index may very much go until 15800 at least baring in mind that this is a very important support and resistance level
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