Re: POTENTIAL BREAKOUT Alerts
Im genuinely interested in others analysis in this stock.
brty could you please share what it is you see on these charts?
I obviously understand my analysis could be wrong, but given the R/R i have for this stock im more then happy to be wrong
genuinely interested --Ok
look here
zooming in to just about as fine as you need
the dark blue on the .025 chart
Is a major support zone for this little ambiguous congestion zone
It is the line generating the most volume
You would want to watch any move below that as a possible spring to BUY
if it qualifies as a springing action
That is it triggers demand
It would be nice to see more evidence of rising points of support
and the action from the top was bearish
At larger resolution the .10 chart You do have rising support
But it just did not want to go UP and fallen back into a significant range area.
EVEN though the bid increments are in .005 at this level
Most trades if you have seen the research on micro structure
Cluster at round numbers factors of 10 and 5
and postively correlated with uncertainty ( more clustering )
So fluctuations across those levels are important..
On the .10 chart you can see the resistance zone to the left ( the earlier top )
So take that into account...On a larger scale it could be just all part of accumulation
So any springing action would be bullish signal..
Across that dark blue line.. .025 chart ( the reverse action would very bearish )
You want to see the action move across with rising supports and negate the red diagonal line..
The action off the spike down with the C in it
was clear sign of demand
So odds maybe favour a continuation UP to test the top of the range atm
There is only one thing that will move this chart..
That can break that red diagonal.....
Motorway