Dow Jones Triple Topping At This Key Level?

by Kimble Charting

 

Could the Dow be Triple Topping at an important level? Possible!

This chart looks at the Dow Jones Industrial Average on a monthly basis over the past 16-years.

Fibonacci extension levels were applied to the Dow 2007 High and 2009 lows. The 261% level comes into play at the 26,800 zone, as resistance.

It’s possible the Dow is creating a “Triple Top” at the Fibonacci level.

What would it take to prove this is a triple top? The Dow must break below the December lows, which is still a large percent below current prices!