In general, when an SP spikes too high too quickly, the 62% Fib is the go-to retrace level. If it falls through that then it often goes back to breakout.
@EWexplorer , any chance you could post an hourly chart with volumes please.
Cheers
RAC - Charts & Price Action, page-20089
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 (20min delay)
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Last
$1.87 |
Change
-0.030(1.58%) |
Mkt cap ! $321.8M | |||
| Open | High | Low | Value | Volume |
| $1.95 | $1.95 | $1.82 | $469.1K | 250.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1497 | $1.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 836 | 1 |
View Market Depth
| Last trade - 15.04pm 12/06/2024 (20 minute delay) ? |
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Last
$1.88 |
Change
-0.030 ( 0.53 %) |
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| Open | High | Low | Volume | ||
| $1.84 | $1.91 | $1.81 | 23651 | ||
| Last updated 15.16pm 12/06/2024 ? | |||||
| RAC (ASX) Chart |