LTR 5.08% 93.5¢ liontown resources limited

Well my learned friend not too fast please, I can clearly see...

  1. 6,271 Posts.
    lightbulb Created with Sketch. 2220
    Well my learned friend not too fast please, I can clearly see why at first glance you identified this as dark cloud, because it is very close. However let's look at the Bearish Dark Cloud Cover Pattern and its requirements.
    Bearish Dark Cloud Cover Pattern:
    The first day of the Bearish Dark Cloud Cover pattern is a normal or long white/green candlestick. (Tick)
    The second day/week should open well above the close of the first day/week (not the close, but the high of the 1st week was $2.10 - open of the second week was $2.10) => no gap => IMCO no tick!
    Close more than halfway into the prior white candlestick’s body. (Tick)
    The close of the second day must stay inside the body of the first day. (Tick)

    With 3 out of 4 points it certainly is a close call, but possibly no cigar, so I would suggest, let's wait for bearish confirmation.

    https://hotcopper.com.au/data/attachments/4849/4849477-0e5b3118e2fe58023c252e13f1ef988e.jpg
    Hmm then again I know of someone who did fill the petty cash near the high to cover living expenses for a while!
 
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