Highly tested, verified resistance at 2-month high
DJ30 price action at resistance is very similar to what we saw in the Hang Seng Index last week. It is a confluence of symmetry that is very suggestive of reversal chart pattern in combination with price action. After repeated testing, price is unable to break above the level which indicates its strength and significance.
Overshooting and near-misses are acceptable.
Director, TerraSeeds Market Technician Pte Ltd. Trader, investor. @sohtionghum was picked ‘Top 70 Forex Twitter in 2015’. Operates multiple strategies.
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