Ondo ONDO

$0.4374-0.68% 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

17-month head and shoulders top · 2 testsBroke down 340d ago1W
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 ($0.6869). Minimum target: $0.1757 (a minimum, not a limit). Magee stop (Ch 27): $1.2903, 9.4% beyond the last minor top.

4-month inverse head and shoulders · 2 testsFakeout 15d 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 ($0.4811) on 2.9× 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. Magee stop (Ch 27): $0.2970, 6.4% beyond the last minor bottom.