Metal DAO MTL

$0.2572-0.27% 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: HTX, BingX.

Chart patterns

2-week double top · 2 testsBroke down · retested 5d 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 ($0.2537). Price has since come back to the line: a throwback, which the book calls normal and frequent, not a failure. Minimum target: $0.2054 (a minimum, not a limit). Magee stop (Ch 27): $0.3296, 5% beyond the last minor top.
2-week ascending triangle · 3 testsBroke down 5d ago4H
Ch 8: a flat ceiling with rising lows, volume shrinking toward the apex. Confirmed by a close about 3% below the line ($0.2688). Minimum target: $0.2432 (a minimum, not a limit). Magee stop (Ch 27): $0.3296, 5% beyond the last minor top.
4-week symmetrical triangle · 2 testsBroke down · retested 6d 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 ($0.2553). Price has since come back to the line: a throwback, which the book calls normal and frequent, not a failure. Minimum target: $0.1861 (a minimum, not a limit). Magee stop (Ch 27): $0.3196, 5% beyond the last minor top.