The neckline actually sits at 12.5 cents which coincides with...

The neckline actually sits at 12.5 cents which coincides with the majority of volume that’s traded in this range. You can have a slanting neckline, a common misconception is the need for a horizontal neckline. Use VRVP on trading view and look at where volume sits in this range. Something synonymous with H&S is that it traps ‘buyers’ at the neckline before forcing them to become ‘sellers’ hence the swift move down the same length as neck to head.

For my theory to play out I anticipate we break below 12.5 on and dramatically increased volume. As just mentioned to ASX there was a large dump into 13.5 just now too.

I’ll wait patiently with my popcorn and be correct at .9 or happily wrong. I know which side I’m betting on though based on the volume of this entire range.

Let’s see hey.