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clock Created with Sketch. 13/10/22
11:07
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Originally posted by Darkstone:
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Obviously I didn't explain it clearly enough. My apologies. The 7 day EMA indicator requires the close to be above the 7 day EMA, which at the time of the original post (and close of normal trade) was clearly above - 522 versus 516, so forecast to rise. By the time auction finished with a concerted effort to short it down the close was 517 versus 516. That is too close. If I am out by even 1c in the EMA it would be below which indicates it will fall, and in any case at that level the indicator ceases to give a reliable predicted direction. So everything up until the auction was positive, but by the close of the auction we had a significant doubt inserted.
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