GMX GMX

$7.917-2.25% 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

9-day rectangle · 2 testsBroke down · retested 13h ago4H
Ch 9: price trading between a level ceiling and a level floor. Confirmed by a close about 3% below the line ($7.962). Price has since come back to the line: a throwback, which the book calls normal and frequent, not a failure. Minimum target: $6.9237 (a minimum, not a limit). Magee stop (Ch 27): $8.9768, 5% beyond the last minor top.
8-day rising wedge · 2 testsBroke down 2d ago4H
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 ($9.114). Minimum target: $7.782 (a minimum, not a limit). Magee stop (Ch 27): $9.6379, 5% beyond the last minor top.
3-month rising wedge · 4 testsBroke down · retested 14d 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 ($8.6339). Price has since come back to the line: a throwback, which the book calls normal and frequent, not a failure. Minimum target: $5.815 (a minimum, not a limit). Magee stop (Ch 27): $9.0274, 5% beyond the last minor top.

2-month rising wedge · 4 testsFakeout 17d 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 ($8.2472). It then closed 3% back inside the pattern: the book treats that as a failed signal (fakeout). Minimum target: $5.815 (a minimum, not a limit). Magee stop (Ch 27): $9.0274, 5% beyond the last minor top.

2-week double top · 2 tests2.8% from breakdown4H
Ch 9: two tops within 3% of each other, more than a month apart, with a dip of at least 15% between them. Not broken yet: a close below $7.704 by about 3% would confirm it. Minimum target: $6.4823 (a minimum, not a limit).