" Been working on pattern sequence for DRO looking at 3month TF, there is a case when compared to BTC pattern sequence (both new assets) we see a $3.50 -$4.00 top, correct once again to just take out recent swing low, then go on the bigger move to the high being 11$ target, as previously mentioned this is a 6year macro cycle target. "
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I greatly appreciate your charts and knowledge, I only wish I was aware of it years ago ... I am convinced now by the market trading cycles, markets are fluid like anything else ... they go up & down and react in short instance TF's to announcements or negative news, but then slowly recover to join their macro market cycle again - this is how I see it. Folks say ' a charts only tells you where it been ' while this is part true, it's not correct ... Lol
I'm trying to understand what you mentioned :
You indicated a 6yr cycle, does that mean we are currently looking at the 6th ( this being the last year ) of the macro TF for DRO ?
In your comment above, looking at the 3m TF you see a possible $3.50-4 top for DRO and a final top target of possibly $11 toward the end of the 6yr macro DRO cycle. ?
I'm learning all the time regarding your macro cycle and the TD phase .... that's actually what led me to jump onto Droneshield in Jan.TD Sequential Explained:
- The TD Sequential indicator is designed to identify potential trend reversals and locate probable tops and bottoms in asset prices.
- It consists of two phases: a "setup" phase and a "countdown" phase.
- The setup phase identifies potential buy or sell setups, and the countdown phase confirms the trend reversal.
- The indicator generates numbers on the chart, from 1 to 9 in the setup and 1 to 13 in the countdown, indicating the potential for a reversal.
- A completed setup or countdown, particularly 9 in setup or 13 in countdown, can suggest a potential trend reversal.
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Last
$1.91 |
Change
0.100(5.52%) |
Mkt cap ! $1.670B |
Open | High | Low | Value | Volume |
$1.83 | $1.93 | $1.79 | $33.62M | 18.12M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 276149 | $1.91 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.92 | 80000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 1.910 |
1 | 2631 | 1.900 |
1 | 3292 | 1.895 |
3 | 39000 | 1.890 |
1 | 10009 | 1.885 |
Price($) | Vol. | No. |
---|---|---|
1.920 | 53668 | 4 |
1.925 | 47606 | 5 |
1.930 | 30998 | 9 |
1.935 | 14325 | 2 |
1.940 | 85130 | 7 |
Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
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DRO (ASX) Chart |