LTR 5.39% 79.0¢ liontown resources limited

New TA/Charting, page-7980

  1. 6,271 Posts.
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    Having adopted Wyckoff Method not that long ago, I'm finding I still will have to do a lot more learning to apply it with a higher degree of certainty. From your chart I found that the "change of character" area seems to be one of my weak points and will require more work from my side, because it seems to have an influence on the TR. So far I only was looking for the BC and then the following AR and ST, but the change of character leading up to the BC and coming out of the TR, seem to have gone straight over my head ... for future reference would you @Rooster100 have any hints in that direction? I would be appreciate it.
    I wonder if the application of EWT has so far got me through it, because leading up to the BC I'm looking for Trend Ending Diagonals etc and waves 1 & 2 coming out of a TR? On that note I have been talking and indicating wave 1 (low and high) and the corrective wave 2 in my charts (with wave 2 down still ongoing, unless we now have seen the low of that).
    Here is my somewhat revised chart ...
    https://hotcopper.com.au/data/attachments/4294/4294045-e5d92f91ebbe1721f8f8ff5da8547c71.jpg

    Last edited by FlashPoint: 27/04/22
 
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