CTP 3HLY Chart [Basing Pattern?]
1. "W" shaped Basing Pattern almost complete?
[refer black arrows, or Moving Average pattern]
2. First Support found on lower line of Down Trending Channel?
[This is a Standard Error Channel [2]
3. Second Support found on Spine [centreline] of Down Trending Channel?
4. Resistance @~7.2c, upper line of Down Trending Channel?
[Pattern Resistance @7.3c?]
5. Higher Low Support @~6.6c?
[Many traders wait for a Higher Low before committing to a trade]
6. Strong Volume returned to the Buy side?
[not shown on chart]
7. Fib. Price projections from 7.3c High / 6.2c Low:
161.8% = 7.98c, 261.8% = 9.08c
IMO [so far], this pattern has unfolded perfectly.
Cheers,
U2
ctp 3hly chart [basing pattern?] , page-20
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Last
5.0¢ |
Change
-0.001(1.96%) |
Mkt cap ! $37.00M | |||
| Open | High | Low | Value | Volume |
| 5.1¢ | 5.1¢ | 5.0¢ | $61.41K | 1.222M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 462354 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 450000 | 1 |
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| Last trade - 15.12pm 30/07/2024 (20 minute delay) ? |
| CTP (ASX) Chart |