LYC 0.08% $6.40 lynas rare earths limited

will lyc be busted haha

  1. 22,593 Posts.
    As mentioned elsewhere, if LYC does break the lows of the current formation, the clues for if its a geniune breakout
    will be given in those immediate bars that follow ie. in their volume spreads etc.

    This post is a little different from the norm, its pattern only orientated, not looking at any volumes etc,
    only at this particular pattern... a "busted descending triangle", it takes into account only the percentage of break,
    and compares them with historically how they've performed.

    content from http://thepatternsite.com/BustDescTriangles.html

    soho, hows that one ;)


 
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