Just my thoughts, please DYOR and find work works for you. At the end of the day it's your trade and money invested.
Wicks I find are the tug a war between the bulls n bears. I do use wicks for intraday trading, it can be very use full in the 5 or 15min timeframe.
However for trends I find that wicks are not of use really. I prefer solid candles to chart.
Your term "seemed to fit" actually scares me a bit. I do not make trendlines 'fit'. They either do or they don't. Go with the information provided and rely on your learnt skills as a chartist. If you start making thing 'fit' that when (IMO) bad trades start, and you'll then look for excuses as to why.
Back to IMU. I posted this chart (++) two weeks back, it shows the solid candles and I call a spec buuy then. It is taking time to wash out and come true, but I believe now that the charts are saying it is a 'buy'.
Lastly, Horizontal trendlines hold more truth as it is a phychological (and easily visible) historic loss/gain zone.
All the best, doing well mate.
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Last
4.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $364.4M |
Open | High | Low | Value | Volume |
4.9¢ | 5.2¢ | 4.9¢ | $531.4K | 10.66M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 3429444 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 149299 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 3075363 | 0.049 |
95 | 13038145 | 0.048 |
58 | 6515985 | 0.047 |
30 | 3952036 | 0.046 |
51 | 4977166 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 149299 | 2 |
0.051 | 1149798 | 7 |
0.052 | 1191692 | 8 |
0.053 | 1765338 | 11 |
0.054 | 2857321 | 12 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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