Good question.
Below the median line is just a first step in a change of direction (same as first day above the median line) but more candles need to be printed for confirmation. To be honest I’ll be interested in seeing if it closes below the lower channel level.
Anyway back to your question and now it’s below the median line the lower bollie comes into play which just so happens lines up with your gap.
Just as an aside, a close below the median would never be seen as a buy signal but rather the opposite as a significant level has been breached. IMO
Cheers.
May Chart, page-11332
-
- There are more pages in this discussion • 1,554 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MAY (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.4¢ |
Change
0.002(9.09%) |
Mkt cap ! $80.88M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.4¢ | 2.2¢ | $183.3K | 8.047M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1057942 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 4381830 | 14 |
View Market Depth
| Last trade - 15.23pm 15/07/2024 (20 minute delay) ? |
| MAY (ASX) Chart |