$SPELL
THERE’S A BIG DUMP AT MARKET, THERE’S A DOUBLE TOP AT CHART 🧨🧨
🔻🔻SPELL is flashing classic bearish reversal signals, and traders should take note.🚫🚫
📊📊A well-defined double top pattern has formed on the chart—one of the clearest warning signs in technical analysis.⚠️⚠️
💣💣Combined with heavy sell-side pressure hitting the market, a significant dump may be underway.⏳⏳
📏📏Technically, the structure is textbook.
🧱🧱Two equal highs capped off the recent rally, followed by a breakdown in volume and momentum.📉📉
🔻🔻The neckline is being tested, and if that support gives way, a sharp downward leg could follow.📐📐
🪓🪓Volume is increasing on red candles—a major red flag for bulls.🚨🚨