SPQ 0.00% 0.8¢ superior resources limited

SPQ chart, page-20

  1. 14,372 Posts.
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    That`s correct @EnochRoot these trade set ups are fractal in nature which means the same parameters apply to either an expanding or shrinking trade. (as price breaks an obvious 62% Fib)..I`ve been watching two such scenarios develop in the current time frame, one at 008c as the 62% and another at 01c...each has a different upside target according to its expansion. the break and retest at 008c has been satisfied now by the new support there..lets see what happens now.....actually today`s break reminds me of this one on BOT I traded where the initial break was sold into and left a similar indecisive candle ...its not that uncommon actually as day traders take advantage of the spike here....see the 2 charts below. Bot indecisive candles.png SPQ fractul.png
 
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