LTR 2.16% 90.5¢ liontown resources limited

New TA/Charting, page-12014

  1. 6,271 Posts.
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    As per normal and as always it depends where in the overall picture and trend any CS is formed. So short of explaining the entire CS methodology every time I mention CS, I go to the IMCO most applicable application of a particular CS. After all as you pointed out on numerous occasions, not everyone wants all the nitty gritty details of every minute move or would even be able to follow.

    In this case, as my very personal opinion, I pointed towards the Marubozu CS in combination with the breakout out of the Right Angled Broadening Formation I alerted to earlier, as it appeared relatively early in a new developing trend rather then as a blow-off top at the end of a mature rally, where a reversal of trend would be expected as close or happening.

    On a different note a serious question, asking for a friend, have you realised that you happen to respond to most if not all of my posts with some criticisms of what just I expressed as my personal opinion or chart interpretation?
 
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