DOW Double Top ?

In technical analysis a double top pattern is a warning sign of a possible trend reversal. Two things have to happen for a double pattern to "confirm"

1. A double top price action has to occur. And that has happened.
2. The price must fall to a point below the recent trading range. That is what we have to watch for. If that does happen then it is considered a "confirmed" double top pattern and subsequent trend reversal is in process.

We need to watch the DOW carefully for 13275 to hold. See chart.