In my knowledge - a double top is only called a double top once it breaks the middle of the "M" to the downside.
The naming of this current pattern as a double top is erroneous. Hence the extrapolation of the significance of this is also wrong.
I don't think we're seeing double top territory here. The market will finish the financial year strongly.
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |