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ClearBreaksEdwards & Magee edition

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Raydium RAY

$1.8628-1.35% 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

Breakouts & breakdowns

5-month rounding top · 2 testsBroke down · retested 355d ago1W
Ch 7: a slow, gradual dome as buying fades into selling. Confirmed by a close about 3% below the line ($1.7381). Price has since come back to the line: a throwback, which the book calls normal and frequent, not a failure. The book gives no measuring rule for this one. Magee stop (Ch 27): $4.6913, 12.2% beyond the last minor top.

Fakeouts

3-week bullish pennant · 3 testsFakeout 11d ago1D
Ch 11: a small converging pause on light volume after a near-vertical rise. Confirmed by a close about 3% above the line ($2.3341) on 4.3× normal volume. It then closed 3% back inside the pattern: the book treats that as a failed signal (fakeout). Minimum target: $4.6199 (a minimum, not a limit). Magee stop (Ch 27): $1.6741, 8.1% beyond the last minor bottom.