PD - double top about to happen again at 57.55 resistance
PD seems to follow Pitch Fan trend. It matched up with lower and upper bounds, and the center line was acting as a decent resistance.
It could now follow two paths:
1) If it crosses 57.55 resistance, it could climb to 60+ easily, peak around 62.5, come down a little then peak at 64 or 65. Expect some sell off then to bring it to 58-59, creating new support there.
2) If it creates a double top around the old resistance of 57.55, then it could go down following the blue downward trend shown above, bring it close to 49.74 support, from where it could bounce back up.
It could now follow two paths:
1) If it crosses 57.55 resistance, it could climb to 60+ easily, peak around 62.5, come down a little then peak at 64 or 65. Expect some sell off then to bring it to 58-59, creating new support there.
2) If it creates a double top around the old resistance of 57.55, then it could go down following the blue downward trend shown above, bring it close to 49.74 support, from where it could bounce back up.
