LTR 2.16% 90.5¢ liontown resources limited

New TA/Charting, page-8168

  1. 6,271 Posts.
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    I think this is in line with what @Rooster100 posted, but I have taken it a little further and return to my point regarding EWT, Wycoff Method and that they don't exclude one another. For the last wave down I previously indicated 5 wave to reach the low. Here following is an hourly chart, which is obviously zooming in on the daily chart and is including my wave count as well as some Distribution events along the way, finishing with what I would think should become clear as an Accumulation event.
    Along the way I also marked some of the BC - Buying Climax, UT - Uptrust, SCs - Selling Climax, ARs - Automatic Reaction or Automatic Rally and STs - secondary test and also how they go with increased volumes, which might be interesting to some. I assume a "new young" poster here probably would be very interested, because he mention that he has no idea about EW or TA and that probably includes Wycoff. However during the last two month he might have covered all of that and more and will incorporate all of it into his forecasting, because as he claimed and my signature states “The point of forecasting isn't to tick the boxes on the ‘how to make forecasts’ checklist. It is to foresee what’s coming.”

    Anyway here is the chart ...
    https://hotcopper.com.au/data/attachments/4342/4342407-a0b9046cec85ab8f18b7dbc231b2a83c.jpg

 
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