Just about everything that was needed to be said is on the chart. Expect for that having a lagging indicator (MACD) confirm before the leading (PSAR, Stoch) indicates that ranging is a high possibility.
This has happened before in one of my previous charts where MACD confirmed ahead of all leading indicators and the downward trend never formulated.
The tops, while not exactly the same, are close enough that a triple top is likely formed. The confirmation comes when it goes below the previous neckline of at least 568.
This formation of the triple top hasn't been going for weeks so I would not expect it to fall drastically below 550. 567-570 will be tested IF it falls below.
This has happened before in one of my previous charts where MACD confirmed ahead of all leading indicators and the downward trend never formulated.
The tops, while not exactly the same, are close enough that a triple top is likely formed. The confirmation comes when it goes below the previous neckline of at least 568.
This formation of the triple top hasn't been going for weeks so I would not expect it to fall drastically below 550. 567-570 will be tested IF it falls below.
