Clear double top indicated across time frames around 26,300-26,400, clearly seen on 1h chart as well as 4h.
Neck line break following a 800 dollar drop below 25,500 with a daily close.
Following a neck line break the expected drop is equal to the distance between neckline to tops, meaning 800.
Target stands on 24,600-800 for now.
The fundamentals remain uncertain as infections rate grow stronger globally together with lack of consistent confidence.
Holiday season 2020 remains massively uncertain as well, threatening multiple huge industries.
Strong combination of technical and fundamental confirmation.
Neck line break following a 800 dollar drop below 25,500 with a daily close.
Following a neck line break the expected drop is equal to the distance between neckline to tops, meaning 800.
Target stands on 24,600-800 for now.
The fundamentals remain uncertain as infections rate grow stronger globally together with lack of consistent confidence.
Holiday season 2020 remains massively uncertain as well, threatening multiple huge industries.
Strong combination of technical and fundamental confirmation.
