That potential 'test' bar of last chart was confirmed the following day with a bar that was up on an increase in both volume/spread.
It's not that hard to have seen or picked a low risk trade of late, one had multiple signs of support/buying in the near and distance background.
Those couple days at No3, then the day of No4, note it doesn't break the lows of No3 equals obvious sign.
Then obvious buying at No1. which went up to its obvious AR routine before those 2days at No2. arrive and confirm more buying..(like a 2day shakeout bar, run scaredy cats)
The following day then provides a low risk entry (test), the next day confirmed this, shuffled sideways amongst last week sellathon across the markets and has finally pushed on today.
Also note on the chart that todays bar has those 'H' stops firing a partial blue, this would be the first since it was last up at $2.70+
LNC Price at posting:
$1.63 Sentiment: None Disclosure: Held
