Top Potentially Imminent

Here is another update to the Three Peaks Domed House pattern I have been tracking on the NASDAQ-100.

ndx-tpdh-jan-14-2017

I am not sure whether the intraday drop on Jan. 12 fulfilled points 21-22. But if it did, then the top of this pattern could be imminent.

Another thing worth noting is that the “five reversals” (Pts 15-20) were rather compressed. That is why the pattern is progressing faster than I previously anticipated. But given the height of the rally from the Dec. 30 low (and the quick reversal of the Jan. 12 decline), I find it most reasonable to say that the five reversals are complete.

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