Dow Jones: Sell opportunity. Potential Double Top.

DJI has extended the 1W Channel Up (RSI = 65.157, MACD = 519.030, Highs/Lows = 742.8189) that has previously provided a handful of trading opportunities (see bottom of the analysis).

At the moment a Double Top is being formed on 1D, which since April has been a bearish signal, later initiating a decline towards the Higher Low zone (where the 1D MA200 always supported).

We are expecting a similar behavior especially since the current levels are nearly overbought on 1D (RSI = 69.814). Our Target Zone is 27,000 - 26,800.


See the previous successful signals within this pattern below:









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