V-Top
A steady, straight rally that reverses sharply without a pause; completes on a close below the 38.2% retracement.
The mirror of the V-bottom.
V-tops are hard to tell from a pullback in a continuing rally.
How we define it
- Rally: at least 8 ATR and 20% (1D) / 10% (4H) / 30% (1W), close to a straight line
- The high is not a single-candle spike; the decline is no longer than the rally
- Boundary: the 38.2% retracement of the rally
- Breakout (up) / breakdown (down): the first candle close beyond the boundary by at least 3% on 1D and 1W (1.5% on 4H)
- Failed breaks: a breakout or breakdown that closes back inside the boundary within 6 candles on 4H, 5 on 1D or 3 on 1W is removed from the list
- Trend filter: breakouts only above the 200-period EMA (40-week EMA on 1W), breakdowns only below it
- Watchlist: the pattern is complete but unbroken and price is within 3% (or 1 ATR, at most 6%) of the boundary
No recent breakout or breakdown
No v-top has completed recently. See all patterns.
Nothing on the watchlist
No mature v-top is close to its breakout or breakdown level right now.