Initia INIT

$0.1335+5.87% 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: Kraken.

Chart patterns

5-month rounding bottom · 2 testsBroke out · retested 8d 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 ($0.1142) on 3.3× normal volume. Price has since come back to the line: 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): $0.0428, 10% beyond the last minor bottom.
5-month rounding bottom · 2 testsBroke out · retested 19d ago1D
Ch 7: a slow, gradual bowl as selling fades into buying, volume bowling with it. Confirmed by a close about 3% above the line ($0.1088) on 2.8× normal volume. Price has since come back to the line: 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): $0.0465, 5.2% beyond the last minor bottom.