How about looking at Wednesday's flash crash action from a slightly different perspective?
How much does this single event high volume downbar over such a short period of time affect your TA and your estimates of support and resistance?
Obviously, it triggered a lot of stop losses (snow ball effect) which distorts the real picture. The questions is to what extent?
What were your support and resistance levels if we'd ignore this single event?
Just some thoughts....
How about looking at Wednesday's flash crash action from a...
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Last
$7.14 |
Change
-0.200(2.72%) |
Mkt cap ! $6.673B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.34 | $7.13 | $39.28M | 5.467M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1546 | $7.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 72361 | 6 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |