DD, M, Short
16 years after the head & shoulders top in May 1998, Du Pont's price hit the resistance on the downtrend channel making a distinctive LOWER HIGH.
Well supported and confirmed by MACD not making higher high.
I foresee that the next window of support is between 40 - 50 in time to come.
My opinion is on a short side, but must wait patiently as there is a possibility of price retesting the upper resistance again in very short term.
Well supported and confirmed by MACD not making higher high.
I foresee that the next window of support is between 40 - 50 in time to come.
My opinion is on a short side, but must wait patiently as there is a possibility of price retesting the upper resistance again in very short term.
Note
Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.