Totally agree with your thoughts - except with the twice testing concept.
I can not recall where I got it from but the best concept I have come to embrace is that it needs to touch any part of a candle at least 3 times before verification. It does not need to start or finish at the point but merely touches it.
I appreciate the opportunity to rationally discuss various options.
V
AW1 Technical Analysis, page-1101
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Last
13.0¢ |
Change
-0.005(3.70%) |
Mkt cap ! $67.29M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.0¢ | $79.07K | 584.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1403814 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 645445 | 5 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| AW1 (ASX) Chart |