$DO Cup and Handle Daily & Weekly Flat top

After consolidating for the past 6 weeks or so, $DO is ready to take off again. It is creating a cup and handle pattern on the daily chart and trying to break over the flat line on its weekly chart.

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The last couple of days the complexion has changed and it is now putting in a bearish engulfing candle on the weekly chart. This might need more time now to regroup itself.