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clock Created with Sketch. 10/10/14
16:31
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Originally posted by mitta3
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thanks atomic.. but it is you that has got it wrongThe chance of weakness evolving began to appear 03Oct. a narrower spread up bar on an increase in volume. The next trading day, last Monday half confirmed this potential weakness with a hidden upthrust. Tuesday then basically nailed the weakness with a no demand bar. Yesterday then began to break lower with today now continuing the theme. Will Mondays high form the peak of a LH ? Things would have been analysed differently, if say for ex. Monday did not upthrust with a HH... much better to sit quietly (or move higher with strength) just as last Thursday did after the previous day strong bar. But then if Monday had sat quietly (like a small test) Tuesday would then have had to move higher with volume and spread to eliminate any thought of that potential weakness
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Agree mitta, held up reasonably well today, the lack of volume is encouraging. Also agree apart from the odd day or 2 because it's impossible to be alway right, psy charting 101, particularly the leg up. My sell has yet to be hit ( at 31c) hopefully it's not..... Ever!!!
