Dow drops once again #45 (HSCI)

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

Kommentera:

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