No need for rampers on here, this is a realists TA thread.
Another long red bar with suckers rally at open.
daily candle is a 2.0c red body with 0.5c wick/tail
close once again near daily lows
daily chart shows bearish daily pattern all day with support or sellers exhaustion at 14.5
Monthyl chart shows rounding top pattern completion awaits at 10-13c
ChiX volume similar to ASX volume so INSTO is getting out.
Annual chart showing 2 unsupported moonshots with rebound at 10.0c and now in another cliff face rundown to support again (likely around 8-13c once again).
NEVER buy on the cliff face pattern. Suckers rallies are numerous here.
Wait for the flooring pattern or buy on the way up not on the way down.
Traders are running this up and down like a yoyo.
Need to see a dragonfly doji or flatline flooring candle, none in sight for a while. Till then.... we wait.
No need for rampers on here, this is a realists TA thread....
-
- There are more pages in this discussion • 308 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
