Dow arrives its 76.8% fib retracement so definitely is a signal of peak (tough maybe a pre-signal) and step back.
The step back would be along the upwards trend line and of course will finish all the gaps since last week filled.
But the question is, is it the finish of upwards? No, based on the room calculation, it would be around 289 or 290.
Besides, if a H&S was broke, it was not void, it means the upward trend is closer to its close,especially happens when it has raised quickly for a while.
The step back would be along the upwards trend line and of course will finish all the gaps since last week filled.
But the question is, is it the finish of upwards? No, based on the room calculation, it would be around 289 or 290.
Besides, if a H&S was broke, it was not void, it means the upward trend is closer to its close,especially happens when it has raised quickly for a while.