Nasdaq 100 E-mini-Futures - D1 - MAJOR DOUBLE TOP IN PROGRESS !
D1 : Under the influence of a major double top formation in progress which
has been triggered by bearish divergence detected on several indicators and confirmed
by a breakout of the Mid Bollinger Band.
Inside this major top formation, there is a secondary double top formation which has been activated
today, following the downside move observed so far.
The technical target of this secondary DT (13'336) has nearly been filled, low so far being 13'380 !
Both Kijun-Sen and ongoing D+ support trend line are under attack.
A failure to hold above 13'350 on a D1 closing basis, would open the door for lower levels, calling for :
S1 : 13'135
S2 :12'916
Clouds support zone (13'050-12'850) should be seen as the PIVOT AREA to watch at very carefully !
H4 : 13'336, double top target should be filled soon, indicatoars are still pointing to the South and are not showing
any recovery signs yet !
Watch shorter time frames H1 and M15 to get clues
Ironman8848
has been triggered by bearish divergence detected on several indicators and confirmed
by a breakout of the Mid Bollinger Band.
Inside this major top formation, there is a secondary double top formation which has been activated
today, following the downside move observed so far.
The technical target of this secondary DT (13'336) has nearly been filled, low so far being 13'380 !
Both Kijun-Sen and ongoing D+ support trend line are under attack.
A failure to hold above 13'350 on a D1 closing basis, would open the door for lower levels, calling for :
S1 : 13'135
S2 :12'916
Clouds support zone (13'050-12'850) should be seen as the PIVOT AREA to watch at very carefully !
H4 : 13'336, double top target should be filled soon, indicatoars are still pointing to the South and are not showing
any recovery signs yet !
Watch shorter time frames H1 and M15 to get clues
Ironman8848
