Velo VELO

$0.003994-4.68% 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, KuCoin.

Chart patterns

17-month head and shoulders top · 2 testsBroke down · retested 368d 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 ($0.0101). Price has since come back to the neckline: a throwback, which the book calls normal and frequent, not a failure. Minimum target: $0.002124 (a minimum, not a limit). Magee stop (Ch 27): $0.0231, 10.1% beyond the last minor top.

3-month inverse head and shoulders · 2 testsFakeout 41d 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 ($0.004783) on 5.4× 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): $0.002837, 5% beyond the last minor bottom.
14-month head and shoulders top · 2 testsFakeout 326d 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 ($0.006794). It then closed 3% back inside the pattern: the book treats that as a failed signal (fakeout). Minimum target: $0.002950 (a minimum, not a limit). Magee stop (Ch 27): $0.0231, 10.1% beyond the last minor top.