Could the Dow be Triple Topping at an important level? Possible!

This chart looks at the Dow Jones Industrial Average on a monthly basis over the past 16-years.

Fibonacci extension levels were applied to the Dow 2007 High and 2009 lows. The 261% level comes into play at the 26,800 zone, as resistance.

It’s possible the Dow is creating a “Triple Top” at the Fibonacci level.

What would it take to prove this is a triple top? The Dow must break below the December lows, which is still a large percent below current prices!

 

 

 

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