Watching $KWEB here, we saw a clear rejection today right around the 28.875 high. If it fails to break above that level convincingly next session, it could indicate a short-term double top, though a push past 29 invalidates that view.
Good call, I was watching that too. The rejection definitely caught my eye, but I'm curious if we see enough volume to confirm it or if it's just a temporary breather.
That's interesting. I'm still learning about chart patterns. What's the typical downside target if that double top plays out?
It's still too early to call it a double top. One rejection doesn't establish a pattern; it needs to confirm with a lower high and then break the prior support.
Good observation on KWEB. The 28.875 level does look like significant resistance. Curious to see if volume picks up on any push higher.