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 ;)
will lyc be busted haha
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Open | High | Low | Value | Volume |
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---|---|---|
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View Market Depth
No. | Vol. | Price($) |
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36 | 31137 | 6.380 |
16 | 34920 | 6.370 |
15 | 51204 | 6.360 |
11 | 29260 | 6.350 |
Price($) | Vol. | No. |
---|---|---|
6.400 | 20876 | 41 |
6.410 | 57148 | 27 |
6.420 | 55433 | 16 |
6.430 | 32530 | 13 |
6.440 | 17046 | 9 |
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