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$SNOW – Double Top (12H)
Clear Double Top formation after the strong uptrend.
Two peaks marked near the 380–385 zone with a rising trendline support that has now been broken.
Price is currently testing the breakdown area. The blue ascending channel has failed, and the measured move from the double top projects lower toward the 295–300 zone (red path shown).
Key levels:
• Resistance / reclaim zone: 340–350 (0.5 – 0.618 Fib + previous structure)
• Next support targets: 310 → 300 → 295
• Major Fib extension above at 1.618 (~430) remains distant while structure stays bearish
As long as price remains below the broken trendline and the 340–350 zone, the bias stays to the downside.