LTR 1.52% $1.01 liontown resources limited

New TA/Charting, page-5061

  1. 6,271 Posts.
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    If all the circled bars are Springs, your definition of a Spring would have of be quite different to how they are normally defined and also quite different to what Wyckoff or any other Wyckoffian after him would have called a Spring, but if that definition works for you great.
    However to keep it simple and as indicated before, I’m looking more for a false breakout of the Trading Range where weaker hands expect a larger retracement or breakout. The market breaks out of the TR only to return in late trading or the next day. The best setup is when prices return toward the close of business and actually close back within the TR area, say by forming a bullish reversal CS like a Bullish Hammer, if possible with large volume to confirm.
    So if this would happen tomorrow with an opening of say 38c, with the lower shadow touching 36c, before closing at 38.5c, with above average volume, that would be what I would call a true Wyckoff Spring!

    Though it was good to see that you seem to work with your very own and quite a different definition of springs, which to an extend explains the different points of view and differences in expected outcomes.
    Now if you could wind back on your disrespectful comments re what I understand, how I trade and what my interpretations arrive at, that would be very much appreciated.
 
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Last trade - 16.10pm 19/07/2024 (20 minute delay) ?
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