Post
Topic
Board Speculation
Re: Analysis never ends
by
Tzupy
on 19/12/2014, 21:04:23 UTC
The bid side has recovered somewhat, 6h PSAR has flipped to bullish, but 15 min MACD looks bearish.
A quadruple top, yikes. Will there be another dump before a strong rebound, that is the question?

Does a classic double top usually happen before a crash, and a triple top happen before a rally?

Does a quadruple top have significance in TA?

A triple top is also bearish. Breaking support at 305$ would trigger a large dump.
AFAIK there is no quadruple top in TA. But if a breakout succeeds after this, it would look bullish.
I interpret the quadruple top as a temporary inability to break resistance, this can change tomorrow.