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Given that it wasn’t supported by any bullish catalysts, this breakout might turn into a fakeout, so the buyers must be extra careful going forward.
Source: https://www.forexlive.com/technical-analysis/dow-jones-technical-analysis-20231113/
It's a tough episode to watch, and it contains another fakeout death that's as heart-wrenching as Vance's.
Source: https://screenrant.com/best-manifest-episodes-ranked/
On the daily chart, we can see that Crude Oil tried to break out recently but got rejected strongly leaving behind a fakeout, which is generally a reversal signal.
Unfortunately, that turned into a fakeout as the miss in the Chinese Manufacturing PMI on Tuesday caused a selloff in the metal.