Sorry guys was at the cinemas with the kids this afternoon so wasn't able to post below.
This was the setup I mentioned in the previous post and are indicative of continuation (in a way answers your question break away gap @Dungiven). What happens is you get the initial spike denoted in the blue A leg, that then consolidates down in the B leg but does not take out the low and usually retest the lower Bollinger band. My point here is that this time around it bounced off the midline (purple line) vs the lower band which to me is a sign of strength.
This is why I think there's more chance of this setup being similar to the 2018 run.
The next tick is when it is able to take out the pivot at $2.18, which was the recent high. Post that is the break of the massive bull flag I have mentioned previously. It'll be add on dips PLS style if this plays out but it'll need good ANN/results for us to break the ATH.
Based on activity on this board it does still seem not many have caught on to this yet. I've been on runs where my interactions number around 150/day and this is still only 30-50. Hopefully after these last few days more come on board.
(ABC notation meant to show price structure not traditional meaning of ABC correction).
MK.
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29.0¢ |
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12454 | 28.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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View Market Depth
No. | Vol. | Price($) |
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8 | 157001 | 0.280 |
3 | 98402 | 0.275 |
6 | 72999 | 0.270 |
4 | 21233 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.290 | 4443 | 1 |
0.295 | 204237 | 3 |
0.300 | 203651 | 5 |
0.305 | 2600 | 1 |
0.310 | 50370 | 4 |
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