Dow update: Daily & 60 minute

www.stockcharts.com

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Notice how the Lagging line did not break the cloud support. (circle in fushia). Keep the 3PDh in the back of your mind as a possible Pattern.
The 3PDh Pattern also has a reputation for forming a Double Top & I would expect a crossover of the 100sma /200sma.
















Note the 100 sma and the previous wave 'b' along with the Fib. level. The Dow will need to break the 'b' wave and close above to be Bullish again. At this point I think it will,because the wave III intermediate level is higher.The down turn gave the Percentage drop we needed for a double top at I-III.