Looks like we have a different process but similar levels and view @OTG. I posted this on the dartboard forum last Thursday.
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After all the stuffing around, wicking off, and closing around it, price finally broke through $2.79 convincingly on the Daily. Not out of the woods completely, but there's at least some structure to fall back on now if price pulls back. It's not uncommon to see highs taken out (highlighted on the left) before a retrace (assuming price continues moving up)
Weekly looking like it's going to close inside the channel and above $2.79. We'll find out tomorrow. Looking healthier now. (note: it closed above)
Monthly pin bar close after a tap of the last consolidation block.
Monthly looks better than the Weekly looks better than the Daily. Once the Daily flips into an uptrend price should be off to the races.
RAC - Charts & Price Action, page-11290
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Last
$1.94 |
Change
0.055(2.92%) |
Mkt cap ! $330.4M | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.96 | $1.85 | $333.0K | 174.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3105 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 7574 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |