Filecoin FIL

$0.9925-0.98% 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, Gate.

Chart patterns

4-week head and shoulders top · 2 testsBroke down · retested 14h 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 ($1.0039). Price has since come back to the neckline: a throwback, which the book calls normal and frequent, not a failure. Minimum target: $0.9100 (a minimum, not a limit). Magee stop (Ch 27): $1.1499, 5% beyond the last minor top.
4-week symmetrical triangle · 2 testsBroke down · retested 5d 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 ($1.0373). Price has since come back to the line: a throwback, which the book calls normal and frequent, not a failure. Minimum target: $0.8796 (a minimum, not a limit). Magee stop (Ch 27): $1.2874, 5% beyond the last minor top.

3-month inverse head and shoulders · 2 testsFakeout 37d 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 ($0.8689) on 3.5× normal volume. It then closed 3% back inside the pattern: the book treats that as a failed signal (fakeout). Minimum target: $1.2224 (a minimum, not a limit). Magee stop (Ch 27): $0.6131, 5.4% beyond the last minor bottom.
2-month rounding bottom · 2 testsFakeout 158d ago1W
Ch 7: a slow, gradual bowl as selling fades into buying, volume bowling with it. Confirmed by a close about 3% above the line ($1.0143) on 5.8× normal volume. It then closed 3% back inside the pattern: the book treats that as a failed signal (fakeout). The book gives no measuring rule for this one.