Not sure what all the fuss is about, no break of the triangle either way yet, personally wouldn't enter a short or long position while the SP is within the triangle - just gambling really.
For all the believers, vv26 stated:
"Descending Triangles can lead to a breakout EITHER WAY with a downward move only being 64% of the time."
Only 64%!!! Haha, and a whopping 36% chance of an upward move!!! I'm sure all the believers are very relieved :)
descending triangle target 29.5c, page-68
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Last
$6.29 |
Change
-0.120(1.87%) |
Mkt cap ! $5.879B | |||
| Open | High | Low | Value | Volume |
| $6.31 | $6.34 | $6.27 | $2.549M | 405.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 14019 | $6.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.29 | 12922 | 44 |
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| Last trade - 11.19am 10/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |