Nice and thorough analysis. However, the ascending triangle you mention is not 100% accurate, though it might yet become one (if you choose not to view it as part of a larger pattern). Currently, you only have one higher low (which can always be joined with a line) and one top that is now still being tested (which can also always be joined as it tests the resistance). The price has yet to retrace enough to form a distinct second top along the horizontal line. If price continued up from here you would see nothing but a standard higher-low higher-high.
IMO, what you are seeing here is actually the right shoulder of a POTENTIAL inverse H&S pattern, I believe I mentioned in a previous post.
The neckline can be drawn in two ways ( black and blue on chart below) through this implication is not relevant except for a minor distinction in what would be the measured target (two dotted lines on chart). Looking at the last few days of price action I think there is a good chance we see a break of the neckline in the next few days.
I hope you don't mind my commenting. It is only out of love for the true ascending triangle (one of my most profitable patterns over time) that I
was unable to resist.
- Forums
- Charts
- Chart
FLC
fluence corporation limited
Add to My Watchlist
1.75%
!
5.8¢

Nice and thorough analysis. However, the ascending triangle you...
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
5.8¢ |
Change
0.001(1.75%) |
Mkt cap ! $62.94M |
Open | High | Low | Value | Volume |
5.8¢ | 5.8¢ | 5.3¢ | $17.25K | 311.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9150 | 5.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.8¢ | 19873 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9150 | 0.055 |
1 | 14797 | 0.053 |
2 | 149100 | 0.050 |
1 | 12500 | 0.048 |
3 | 623270 | 0.043 |
Price($) | Vol. | No. |
---|---|---|
0.058 | 19873 | 1 |
0.060 | 77612 | 1 |
0.061 | 499816 | 1 |
0.063 | 62695 | 3 |
0.067 | 300000 | 1 |
Last trade - 13.24pm 30/07/2025 (20 minute delay) ? |
Featured News
FLC (ASX) Chart |