It began this morning opening on the high of the day 66cents,
First hour bar had 19M, wide spread, closes lowish, next 2hourly bars went sideways with a ONE cent spread, abt 3M in each
Fourth hourly bar attempted to go UP on the least amount of volume all day, less than 1M and also the narrowest spread only half cent, well if thats not 'no demand' I dont know what is.
Clear as mud what was going to come.
Next hourly bar then got slammed straight down 10M in volume, widest spread of any hour bar, closing lowish, before closing out with a similar close
day chart
P.S. remembering though intraday action does not effect the daily bars
But it may/will create intraday S/R areas in future days trading
LYC Price at posting:
62.5¢ Sentiment: None Disclosure: Not Held
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