He called you out for calling a classic Wyckoff pattern falsely.
You took umbrage rather than considering that maybe you were wrong.
I thought the whole point of TA trading was there is no ego in it .
Bye
And for anyone out there who doesn’t already know, Richard Wyckoff [Wikipedia] was an American investor who died in 1934 ..
I don’t fully get what his ‘spring’ pattern is all about bar that- after a fair while of settling into and playing yo yo games with a ‘lowest price point’, the price suddenly dips dramatically into the very pits of hell.
And then, like the phoenix arising, it rapidly begins to spring back on high volume into a mighty upthrust and the bluebird of happiness starts singing to all the sad investors, and it really does feel like the season is ‘spring’ as well as the action.
I reckon it’s not as easy to call as it sounds after getting it wrong a few times, but definitely a classic pattern and one to watch out for .
cheers
https://www.marketindex.com.au/news...pult-jb-hi-fi-spartan-resources-calix-de-grey
PLS chart, page-21958
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Last
$2.98 |
Change
-0.020(0.67%) |
Mkt cap ! $8.972B | |||
| Open | High | Low | Value | Volume |
| $2.92 | $2.98 | $2.90 | $38.78M | 13.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15056 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 89928 | 9 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |