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“Kiss of Death” Chart Pattern?

One TA expert noticed all US Market Indices have the same “Kiss of Death” Chart Pattern after last night's technical rebound.



Last night, all US Market Indices rebounded to test the neckline of the saucer top or rounding top in the 15 minute chart and dropped. There is resistance from the upper trendline.


This is a very bearish pattern. If the indices cannot hold or breakout above, it will likely plunge!


I also noticed Straits Times Index 15 minute chart has the same pattern. So I'm watching for it to test the neckline at around 2173 to see if it drops by end of day.


I'm also watching Hang Seng Index and Nikkei to see if these test 16700 and 9290 thereabouts and drop.


These are potential signs of more downward correction to come.


Beware!

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