š¹ Analysis: Multi-Timeframe Double Top + SMT + M Pattern
Charts Observed: 15-min, 4-hour, 2-day
Key Observations:
Double Top on 15-min chart
Double Top on 4-hour chart
Double Top on 2-day chart
SMT (Smart Money Technique) signal detected
Price pulled back inside M pattern
Retracement reached 50% of M
Minor highs formed below major tops
Exit from M pattern observed
Subsequent rise was a liquidity grab only
š Interpretation:
The analysis shows a strong multi-timeframe resistance:
The Double Top patterns across multiple timeframes indicate repeated rejection at key levels.
SMT (Smart Money Technique) suggests the market is showing hidden weakness, as one asset moves differently than correlated assets.
The pullback inside the M pattern and the 50% retracement represent normal market behavior ā a testing of liquidity and minor consolidation within the larger pattern.
Minor highs below major tops confirm that sellers are still in control, and any upward move is likely a trap to gather liquidity.
Exiting the M pattern shows the market preparing for a larger move downward.
Overall, this is a strong signal for a potential bearish move, but confirmation should come from a break of the neckline or support level.
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Conclusion:
Multi-timeframe confluence of Double Tops + SMT + M pattern pullback highlights a high probability setup for bearish continuation, while short-term upward moves are likely liquidity grabs