Rounded / double-top: Two rounded peaks formed at ≈ $335-340 with a clean neckline at $295-297 (yellow arcs on my chart).
Break confirmed: Friday’s candle closed below the neckline on above-average volume, triggering the pattern.
Measured-move math: Height of the top (≈ $40) projected beneath the neckline points to $255 for a full 100 % target.
Volume-profile “void”: VPVR shows a sharp volume vacuum between $260 and $230; once below $260, price often “slides” quickly to the next demand shelf around $225-230 — my purple “1st-target” box.
Break confirmed: Friday’s candle closed below the neckline on above-average volume, triggering the pattern.
Measured-move math: Height of the top (≈ $40) projected beneath the neckline points to $255 for a full 100 % target.
Volume-profile “void”: VPVR shows a sharp volume vacuum between $260 and $230; once below $260, price often “slides” quickly to the next demand shelf around $225-230 — my purple “1st-target” box.
VM
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.