NVR Breaks Down from Double Top - Bearish Outlook Ahead

Sep 21

1. Double Top Breakdown

NVR has recently broken down from a Double Top pattern.
This classic reversal structure indicates a shift from bullish to bearish sentiment.

2. Volume Confirmation

The breakdown was accompanied by a strong surge in volume on the last trading day.
High volume confirms strong selling interest and increases the reliability of the move.

3. Bearish Momentum Building

Sellers have taken control after the failed attempt to sustain recent highs.
Price action shows increasing downward momentum with little sign of reversal yet.

4. Downside Potential

With breakdown of the Double Top pattern and heavy volume, NVR shows strong downward potential.
Further weakness is likely if selling pressure continues in the next sessions.

5. Technical Confluence

Breakdown of a major reversal pattern (Double Top).
Strong volume confirming the bearish move.

All factors point toward extended downside.

Sep 23

Trade closed: target reached

target got successfully hit