Has gone through the first support level so what I do now is zoom out and get a perspective of the recently wave run up and get a fib retracement level. It's only hit the 23.6fib level and could go down to 38.2fib level or further.
During these times just let the price action play out but at the same time keep an eye on the structure (pattern) of the pull back.
I think it's likely to be a ZigZag going off the first 5 waves down.
Above would be my guess atm.
MK.
LYC Charts, page-98
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Last
$5.93 |
Change
-0.020(0.34%) |
Mkt cap ! $5.542B | |||
| Open | High | Low | Value | Volume |
| $6.04 | $6.04 | $5.93 | $23.75M | 3.975M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 128544 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.95 | 12481 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |