To understand the time element of technical analysis one has to understand what makes a market change direction. On the surface we can all go back to Econ 101 and say the supply/demand perspective changed and that is true. But that is not always the case.
Double tops either happen or they don’t. What our explosion area means is this is the last important time bulls tried to buy the dip as they have successfully done for the better part of the past three years, they got ambushed.