OK, another week goes by since my last posting of a S/T timeframe ... and what a week, especially the last 2 days!
Here's an update on an Hourly Chart, albeit using different tools than last week's(but to say the same thing). Clearly trending nicely now with today's action finally filling what remained of the GAP 3 down. In fact, we gapped over it! So onwards towards out next GAP barrier ... 1.265 to 1.36. Daily Gaps are becoming quite the norm for LTR; we've already had 4 Gaps up since our 87.5c low; pretty sure the lower 2 will not come in play again but Gap 3 and 4 may, if and when consolation comes.
Today's action also meant we gapped over the Shoulder's (resistance) line of the Reversing Action Pattern I showed in last week's Hourly chart. Another positive, right. We have also closed outside the usual UT(Upper Tyne) of the initial bullish trading AP(Andrews Pitchfork). This UT was also the neckline of the R.HnS.'s Pattern, remember.
The probable Fib Road-Map shown should also prove to be useful especially once we see SP action above the 1.305 level.
P.S. No more "each-way bets".
New TA/Charting, page-14194
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Last
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Change
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Open | High | Low | Value | Volume |
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12 | 61085 | 1.140 |
Price($) | Vol. | No. |
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1.170 | 40000 | 2 |
1.175 | 19500 | 1 |
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1.190 | 68344 | 7 |
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Last trade - 16.10pm 10/06/2024 (20 minute delay) ? |
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Last updated 15.59pm 10/06/2024 ? |
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