US30 / DJ

ON A DAILY PERSPECTIVE US30 PRICE IS MOVING UP COLLECTIVELY RESPECTING THE LOWER AND THE UPPER TREND-LINE OF THE RANGE. CURRENTLY PRICE IS AT A DAILY RESISTANCE LEVEL WHICH IS IN CONFLUENCE WITH THE UPPER TREND-LINE OF THE UPWARD MOVING CHANNEL. THERE IS A HIGH PROBABILITY THAT THE MARKET MIGHT GIVE US A DOUBLE TOP FORMATION WHICH IS A REVERSAL PATTERN THAT CHANGES THE DIRECTION OF THE MARKET FROM AN UPTREND TO A DOWNTREND.