I like to work on obvious trading patterns that are also...

  1. 1,759 Posts.
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    I like to work on obvious trading patterns that are also generally respected as reliable in their outcomes and then apply indicators. Atm I can't see anything.
    The original double bottom pattern could still be in play but if it breaks that teal blue uptrend line (from Jan 03) significantly I think it will remain in the green triangle for the next 2 and a bit months with some volatile movements for shorts and longs along the way.

    A far forward possible pattern is a triple bottom around mid-April low 50c mark but this also forms a larger (descending) triangle, generally not good, but I have seen it can break upwards sometimes.

    In my opinion the Q3 in April will be a much higher risk (high?) reward trade.
    Not financial advice, DYOR.

    (At time of writing this post it was above the teal line, now broken, oh)

    https://hotcopper.com.au/data/attachments/4997/4997797-593568ccc3e53ec5cd6741e73023e01f.jpg

 
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