An advance that runs out rather than breaks

What the Lesson Covers

1. 0:00Advances do not always break. Sometimes they just taper, flatten, and quietly turn over.
2. 0:06The shape. Up bars getting smaller, a flat stretch across the top with no single high, and then a decline. Over months, a dome — and not a symmetric one.
3. 0:17Why it forms. Demand thinning rather than supply surging. Eventually the everyday selling that used to get absorbed simply is not absorbed any more.
4. 0:27The levels that matter. The rim, the dome as a zone rather than a price, the height between them, and the volume trend across the whole thing.
5. 0:37Where it completes. A close below the rim completes it. Back above the dome the shape is over, and the dome is a stretch of chart rather than one number.
6. 0:48How often it follows through. Sixty-one to sixty-seven. Under the bullish mirror, because tops taper less tidily than bottoms exhaust.
7. 0:57The same shape failing. The dome turns out to be a pause. Volume comes back on the up days, the flat top clears, and months of patience were spent on a range.
8. 1:08The tells. Volume picking up on up days inside the top, a dome only a few weeks long, or a rim that holds on its first test.
9. 1:18Watch the volume on the up days. That is where the tapering shows.