#HYPE $ HYPE
This is a Double Top (M-pattern) with rounded tops + rising support trendline.
Two rounded peaks of similar height (both near the 83.5–84 zone).
The left peak and right peak form the classic “M” shape.
Because the tops are curved instead of sharp, this is sometimes called a rounded double top.
Rising yellow trendline connecting the lows (the valley between the two peaks and the earlier low).
This acts as a dynamic support / neckline.
Vertical yellow line on the far right showing a sharp drop.
This appears to mark the breakdown below the rising support.
How does the pattern usually play out?
✅ Price makes first top → pulls back.
✅ Price makes second top near the same level → fails again.
✅ Price breaks the neckline / rising support (the yellow line you drew).
✅Measured move target is roughly the height of the pattern projected downward from the breakdown point.
This is a Double Top (M-pattern) with rounded tops + rising support trendline.
Two rounded peaks of similar height (both near the 83.5–84 zone).
The left peak and right peak form the classic “M” shape.
Because the tops are curved instead of sharp, this is sometimes called a rounded double top.
Rising yellow trendline connecting the lows (the valley between the two peaks and the earlier low).
This acts as a dynamic support / neckline.
Vertical yellow line on the far right showing a sharp drop.
This appears to mark the breakdown below the rising support.
How does the pattern usually play out?
✅ Price makes first top → pulls back.
✅ Price makes second top near the same level → fails again.
✅ Price breaks the neckline / rising support (the yellow line you drew).
✅Measured move target is roughly the height of the pattern projected downward from the breakdown point.
