I also said it was not a very good flag, each previous diamond signalled a reversal but the one I am having a "problem" with is the one you say will not reverse, but will continue down.
Why do you come to the conclusion that a reversal pattern will now change into a continuation pattern? Clear evidence shows this does not occur on the previous 2 occasions.
Charting is all about probabilities but you continue to show charts and choose the lowest probability from it.
I also said it was not a very good flag, each previous diamond...
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Last
8,150.0 |
Change
-55.200(0.67%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,205.2 | 8,205.2 | 8,107.6 |
| XJO (ASX) Chart |