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
8,561.8 |
Change
-68.500(0.79%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,630.3 | 8,630.3 | 8,544.7 |
| XJO (ASX) Chart |