Heres a closer look showing the blow off bottom. Also when price fails to reach the top of a channel before swinging back to the bottom, it usually hints of a channel break in opposite direction - as in the last channel on the chart.
Also note the long upper wicks as price is sold into at the top of the channels.
- Forums
- ASX - General
- weekend charting
weekend charting, page-96
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)