If enough people believe the same thing will happen when looking at various combinations of candlesticks, traders will react accordingly, so the share price will ultimately reflect the "cup and handle" or whatever else you're using. I've looked into it a few years ago, did some courses, tried it out in trading simulators. Maybe I'm wrong, but it seems more like a pseudoscience that traders make a self fulfilling prophecy. Does it work? Clearly sometimes, but only if enough people make it happen. My opinion only, and happy to reconsider with further evidence.
- Forums
- ASX - By Stock
- The PAA pattern...
If enough people believe the same thing will happen when looking...
-
-
- There are more pages in this discussion • 184 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PAA (ASX) to my watchlist
(20min delay)
|
|||||
Last
20.0¢ |
Change
0.005(2.56%) |
Mkt cap ! $97.22M |
Open | High | Low | Value | Volume |
19.5¢ | 20.0¢ | 19.5¢ | $126.4K | 636.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 498769 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 91496 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 98143 | 0.200 |
7 | 498769 | 0.195 |
16 | 839741 | 0.190 |
12 | 251176 | 0.185 |
22 | 461573 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 140116 | 6 |
0.210 | 200056 | 7 |
0.215 | 361242 | 5 |
0.220 | 479713 | 7 |
0.225 | 492303 | 3 |
Last trade - 13.27pm 30/07/2024 (20 minute delay) ? |
Featured News
PAA (ASX) Chart |
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online