Soup de Jour...
1: support found at 9564.
2: Note the slope change up wards before the triangle break...
3: The support test after it breaks.
4: Price goes straight through 9600- prior resistance.
5: Triangle target not quite met, followed by bull flag. RSI strength ratio is 1:1
6: Target for bull flag is 9635, not met.
7: 3 pk ND top resolved before T1 met.
8: The inverse"W" top ( ok, "M") has a target of 9644.
Something I need to investigate... Sometimes an ND top is followed by a continuation... Does the support line break of the ND top formation NORMALLY signal a short????
Here's what I see. IF an ND top is going to be a reversal,
a) it's immediate
b) it's strong
c) the break through support is convincing.
Otherwise, it takes a while to continue on up. Therefore I conclude that it would be safe to execute a reversal at an ND top, with the proviso that a losing trade will be small and controllable, against the reward of a rapid drop.