That was easy.
Above is a continuation of last night's 30 minute DJIA chart. Note two "tells." First, a break-down of the shorter trend lines running across the longer trend lines. Next, look at the position of the False Bar Stochastic. As with the previous breakdown a few days ago, the FBS was again overbought and crossing over just as price broke down. A powerful 1-2 punch.
How about Deja two?
Above is a one minute DJIA chart going into Thursday's close. A familiar pattern, dueling trend channels and an overbought FBS.
This time, I know it can't be this easy.