Diem DIEM

$1,904.16-3.83% 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: Coinbase.

Chart patterns

14-day symmetrical triangle · 4 testsBroke down 15d ago4H
Ch 8: falling highs and rising lows converging, volume shrinking; the book warns it is the triangle most prone to false moves. Confirmed by a close about 3% below the line ($1,874.27). Minimum target: $1,448.91 (a minimum, not a limit). Magee stop (Ch 27): $2,334.64, 6.9% beyond the last minor top. It broke on a gap (Ch 12: a breakaway gap adds force).
3-month inverse head and shoulders · 2 testsBroke out · retested 44d ago1D
Ch 6: three declines with the middle one (the head) lowest; the neckline joins the two rally highs and may slope. Confirmed by a close about 3% above the neckline ($1,748.28) on 6.5× normal volume. Price has since come back to the neckline: a pullback, which the book calls normal and frequent, not a failure. The book gives no measuring rule for this one. Magee stop (Ch 27): $1,300.67, 8% beyond the last minor bottom.

9-day head and shoulders top · 2 testsFakeout 8d ago4H
Ch 6: three rallies with the middle one (the head) highest; the neckline joins the two reaction lows and may slope. Confirmed by a close about 3% below the neckline ($1,808.3). It then closed 3% back inside the pattern: the book treats that as a failed signal (fakeout). Minimum target: $1,487.11 (a minimum, not a limit). Magee stop (Ch 27): $2,334.51, 6.9% beyond the last minor top.