MU - Double Top Micron Technology, Inc.BATS:MUVIAQUANTMicron has recently formed a double top around $471. Back in early March when MU was still trading around $400, I was predicting a rally toward a target of $500–$505. That idea can be found here: Although that exact target was not reached, MU is now showing signs that a top has formed around $471. The first top printed on March 17th at $471.27 with a reversal doji. The double top formed exactly one month later when price created a high on April 16th at $470.95 just $0.32 shy of the first top. Since that April 16th high, MU has fallen almost 7%. In addition to the double top, a hidden bearish divergence has formed on the 4H chart that adds further validity to the bearish argument. While price created an equal high (the double top) around $471, the RSI created a higher high. This shows that even with momentum building, buyers have failed to push price to a new high. It is worth noting that hidden divergences typically signal trend continuations rather than immediate reversals, so the more powerful signal here remains the double top. The 4H timeframe also makes this a less significant signal on its own, but in confluence with the double top it is worth paying attention to. The breakdown extension target puts price around $213. What makes this level particularly interesting is that it also aligns with the 0.618 of the macro trend. This gives it strong confluence as a potential bottom if MU sees a significant pullback over the coming months.