Conflux CFX

$0.0526-2.68% 24h

Lines are each pattern's own boundaries (support, resistance or neckline; grey = the pattern's swings), drawn only on the timeframe where it formed.

Minimum target (book measuring rule)Magee stop

Candles: OKX, MEXC.

Chart patterns

4-month complex head and shoulders bottom · 2 testsBroke out · retested 30d ago1D
Ch 7: an inverse head and shoulders with two shoulders on each side at about the same depth. Confirmed by a close about 3% above the neckline ($0.0525) on 2.9× normal volume. Price has since come back to the neckline: a pullback, which the book calls normal and frequent, not a failure. Minimum target: $0.0741 (a minimum, not a limit). Magee stop (Ch 27): $0.0412, 5% beyond the last minor bottom.
4-week descending triangle · 2 testsBroke out 31d ago1D
Ch 8: a flat floor with falling highs, volume shrinking toward the apex. Confirmed by a close about 3% above the line ($0.0490) on 2.9× normal volume. The book gives no measuring rule for this one. Magee stop (Ch 27): $0.0412, 5% beyond the last minor bottom.

3-month rising wedge · 3 testsFakeout 12d ago1D
Ch 10: two rising lines converging; it normally breaks down, at least two-thirds of the way to the apex. Confirmed by a close about 3% below the line ($0.0544). It then closed 3% back inside the pattern: the book treats that as a failed signal (fakeout). Minimum target: $0.0374 (a minimum, not a limit). Magee stop (Ch 27): $0.0610, 5% beyond the last minor top.