$CG Double TOP Bearish (Remains valid)

١٧ أغسطس ٢٠١٤

Thought price did not print the projected price target, still the chance to see that achieved is very high. The Double Top pattern forms during an uptrend as the price reaches two distinct peaks at roughly the same price level. Volume reflects a weakening of the upward momentum, tending to diminish as the pattern forms, with some pickup at each high, less on the second high. Finally the price breaks down below the lowest low to confirm the bearish signal