CG1 1.23% 8.0¢ carbonxt group limited

going to a 4 hour chart , is it possible to see an inverse head...

  1. 1,284 Posts.
    lightbulb Created with Sketch. 44
    going to a 4 hour chart , is it possible to see an inverse head and shoulders and basing pattern ?

    the perfect H an S pattern was at the top , with a complex right shoulder followed by a 1, 2, 3 wedge pattern breakdown
    this very rarely fails to predict a major fall, and it was correct

    so do we have the possible bottom pattern forming here?

    its too early to say that , the perfect case would be a lot more action from 10 to 10.5 forming a complex right inverse shoulder
    in doing so , the formation of a 1,2 ,3 wedge would add to the conviction

    a fall thru the low at 9.4 cents would negate any possible pattern

    that word negate seems to trip up some in the company , it means the pattern is no longer valid

    https://hotcopper.com.au/data/attachments/4831/4831817-052a1b275abd2c930f17f6145cecd7d9.jpg

 
watchlist Created with Sketch. Add CG1 (ASX) to my watchlist
(20min delay)
Last
8.0¢
Change
-0.001(1.23%)
Mkt cap ! $25.99M
Open High Low Value Volume
8.1¢ 8.1¢ 8.0¢ $14.05K 175.6K

Buyers (Bids)

No. Vol. Price($)
1 40000 7.5¢
 

Sellers (Offers)

Price($) Vol. No.
8.2¢ 10000 1
View Market Depth
Last trade - 14.48pm 03/06/2024 (20 minute delay) ?
Last
8.0¢
  Change
-0.001 ( 0.00 %)
Open High Low Volume
8.0¢ 8.0¢ 8.0¢ 25000
Last updated 14.48pm 03/06/2024 ?
CG1 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.