Synthetix SNX

$0.2159-1.28% 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, KuCoin.

Chart patterns

3-month rounding top · 2 testsBroke down 326d ago1W
Ch 7: a slow, gradual dome as buying fades into selling. Confirmed by a close about 3% below the line ($0.5920). The book gives no measuring rule for this one. Magee stop (Ch 27): $2.8417, 9% beyond the last minor top.

2-week double top · 2 testsFakeout 7d ago4H
Ch 9: two tops within 3% of each other, more than a month apart, with a dip of at least 15% between them. Confirmed by a close about 3% below the line ($0.2233). It then closed 3% back inside the pattern: the book treats that as a failed signal (fakeout). Minimum target: $0.1898 (a minimum, not a limit). Magee stop (Ch 27): $0.2744, 5% beyond the last minor top.
3-month ascending triangle · 2 testsFakeout 14d ago1D
Ch 8: a flat ceiling with rising lows, volume shrinking toward the apex. Confirmed by a close about 3% above the line ($0.2512) on 1.8× normal volume. It then closed 3% back inside the pattern: the book treats that as a failed signal (fakeout). Minimum target: $0.2772 (a minimum, not a limit). Magee stop (Ch 27): $0.1833, 5.6% beyond the last minor bottom.
3-month double bottom · 2 testsFakeout 24d ago1D
Ch 9: two bottoms within 3% of each other, weeks apart, with a rally of at least 15% between them. Confirmed by a close about 3% above the line ($0.2542) on 1.7× normal volume. It then closed 3% back inside the pattern: the book treats that as a failed signal (fakeout). Minimum target: $0.3421 (a minimum, not a limit). Magee stop (Ch 27): $0.1833, 5.6% beyond the last minor bottom.