LCL 11.1% 0.8¢ lcl resources limited

LCL LOS CERROS Charts, page-92

  1. 6,406 Posts.
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    They're part of it but they're also noise when analysing overall patterns and then that depends on the time frame too.

    Fits best doesn't mean it fits at all though.

    There's a mix of CR flippers selling off for quick profits; manipulation to trigger stops from traders which in turn will ruin any "conventional" intra-day pattern formations.

    I don't focus on hourly or under, it sometimes helps to see what's going on in the very short term, but it's just noise here back and forth of bots selling and then buying in big volumes.

    Wicks mostly matter for individual candle patterns; rejection of a high or low; dojis/hammers etc.

    The market knows LCL has significant Gold and there are two holes of results to come.

    The masses will move where ever the market pushes it; when bots trigger stops and it sells down the masses follow like the herd of sheep they are and then it bounces back and they return buying back higher.


 
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