supa_nub, good explanation re bottom reversal
here's also a cut/paste of them
The following rules are applicable for a bottom reversal:
• A bottom reversal is only possible AFTER a downtrend.
• Most of the patterns need a CONFIRMATION.
• A confirmation must appear one up to three candles after the pattern.
• This confirmation is a big white candle, high volume with the new up-move, a rising window, or breaking a resistance.
• A reversal pattern during price reaction must be considered a continuation pattern.
• For the best result, you must combine candlestick patterns with Western technical analysis.
• An unconfirmed pattern has no further meaning.
.......
What a nasty day. Have done up some charts for anyone who's interested, warning though have done some tinkering with the TR high,
LYC day chart
LYC intraday
yippee gap filled, page-11
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Last
$6.98 |
Change
-0.175(2.45%) |
Mkt cap ! $6.486B | |||
| Open | High | Low | Value | Volume |
| $7.14 | $7.14 | $6.93 | $11.35M | 1.623M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 16459 | $6.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.98 | 10034 | 10 |
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| Last trade - 14.20pm 19/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |