🔎 Breakdown of Market Structure:
Triple Top Region (Resistance Zone):
Approximate level: $110,500–$111,000
Price failed to break this zone three times, forming rounded tops.
Sellers are heavily active here.
Neckline / Support Area:
The horizontal level price was bouncing from before breaking down: around $108,800
This area has now been broken, confirming the Triple Top breakdown.
Current Price Action:
Trading at $108,819, just below the neckline — indicating potential continuation to the downside unless a reclaim happens.
Triple Top Region (Resistance Zone):
Approximate level: $110,500–$111,000
Price failed to break this zone three times, forming rounded tops.
Sellers are heavily active here.
Neckline / Support Area:
The horizontal level price was bouncing from before breaking down: around $108,800
This area has now been broken, confirming the Triple Top breakdown.
Current Price Action:
Trading at $108,819, just below the neckline — indicating potential continuation to the downside unless a reclaim happens.
Trade closed: target reached
Target reached
Note
POWER OF TA
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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.