OpenEden EDEN

$0.0565-1.76% 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: Gate.

Chart patterns

3-month head and shoulders top · 2 testsBroke down · retested 44d ago1D
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 ($0.0558). Price has since come back to the neckline: a throwback, which the book calls normal and frequent, not a failure. Minimum target: $0.0299 (a minimum, not a limit). Magee stop (Ch 27): $0.0865, 12.1% beyond the last minor top.

3-week descending triangle · 2 testsFakeout 4d ago4H
Ch 8: a flat floor with falling highs, volume shrinking toward the apex. Confirmed by a close about 3% below the line ($0.0530). It then closed 3% back inside the pattern: the book treats that as a failed signal (fakeout). Minimum target: $0.0509 (a minimum, not a limit). Magee stop (Ch 27): $0.0643, 5% beyond the last minor top. It broke on a gap (Ch 12: a breakaway gap adds force).