@ralom
Apols for the delay mate.
Been bit busy & not really been on HC past week or so.
Quick one chart thoughts with some notations.
Because sloping flags are very similar to rising and falling wedges, which often signal a reversal. Think of them as another exhaustion pattern.Now, that doesn’t mean that every structure such as the one above is going to break in the opposite direction of the trend. Like any other technical structure we trade, there will always be exceptions to the rule.
https://dailypriceaction.com/blog/sloping-flag-pattern/
TLS chart, page-3
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$3.84 |
Change
0.010(0.26%) |
Mkt cap ! $44.36B | |||
| Open | High | Low | Value | Volume |
| $3.85 | $3.88 | $3.82 | $60.68M | 15.76M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 571930 | $3.84 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.85 | 16927 | 3 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| TLS (ASX) Chart |