According to the double top formation, the target is 312, which is yet to be achieved.
In case that is achieved that would mark as a breakdown for the rising wedge thereby indicating more downtrend. As per the Rising wedge target: 265
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
In case that is achieved that would mark as a breakdown for the rising wedge thereby indicating more downtrend. As per the Rising wedge target: 265
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.