Throwing a textbook at the charts it becomes clear at what is happening. This is DIA Dow Jones ETF: - A Clear double bottom formed that pushed DIA to recent resistance - yellow line - Another rising wedge is forming which we will see correction, small correction. - After small correction we will retest Resistance line again. - AFTER the above we will form a DOUBLE TOP which we can retest resistance. ALSO note the fibonacci levels at 0.618 we will have to close the gap at the green arrow.