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)
I like to work on obvious trading patterns that are also...
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Last
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Change
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| Open | High | Low | Value | Volume |
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Change
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| Last updated 11.37am 08/05/2024 ? | |||||
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