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US30 - Triple top breached, approaching rising trend line

FX:US30   Index of top 30 shares on Wall Street
  • Dow's Triple top breakdown if followed by a breach of rising trend line on the hourly closing basis would mean a temporary top is in place at 18,0818 levels.
  • A subsequent sell-off then could see the index drop to 17,685-17,500 levels.
  • On the higher side, a convincing day end closing above 18,018 levels is essential to signal continuation of rising trend.
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