Dow drops once again #45 (HSCI)
Updated
This if it is a Double Top (M) of big proportions from a weekly view, look the magnitude of the bullish trend line
The Double Top (Confirmed)
The main Bull Trend line was broken in 2017-09-18 (Confirmed)
and some weeks after, the price did a bearish gap, visible from the weekly chart, that could not be filled, look (Red Circle)
Needless say,
Wait for a support breakout below 65.00 or anticipate a breakout
It's not my job to teach, I only mention it
Imagine that you are a Pro Trader and I'm telling you how to do your job
Bad news are good news for short sellers
The Double Top (Confirmed)
The main Bull Trend line was broken in 2017-09-18 (Confirmed)
and some weeks after, the price did a bearish gap, visible from the weekly chart, that could not be filled, look (Red Circle)
Needless say,
Wait for a support breakout below 65.00 or anticipate a breakout
It's not my job to teach, I only mention it
Imagine that you are a Pro Trader and I'm telling you how to do your job
Bad news are good news for short sellers
Note
The reason why I do not comments about how to trade, it's because these ideas are open for different types of traders with different set-ups and different holding periods. For Example a swing trader can hold the position for 3 Weeks and other Swing trader can hold the same position for 4 months or more, and that would be to intervene in the strategy of each one.Another thing that I do not usually do, is try to demonstrate with technical arguments, that my idea is good only for the fact that I proposed it
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