DJI's significant "Strong Weekly Closing" confirmed breakdown. Besides this, extreme volatility spurt in VIX too signaling the weakness. Although i am a learner. But this is somewhat remarkable. So sharing this view!
Cup & Handle Breakout in PEL | Consistent Volume Increase | Close above Fibonacci Resistance of 1594.40 and sustained 2 Consecutive Days | Heading for 1850 (Fib Level) & next 1883 (C&H)