Property Index

I was looking at the property index chart and I was wondering whether our property index chart is forming the Double Top formation just like Stocks chart? Or is the rising property index bringing us to the next high level and forms the well-known Head and Shoulder formation?

Well, maybe some Technical analysis experts or property guru out there can advise us? Can our property index be used for analysis, just like Stocks chart?

Regardless the outcome of the analysis result, for those who are buying property, do remember to do your sums! Good luck!