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View attachment 90208
Bearish divergence has since played out a couple of times since the last post and now price is within striking distance of the ATH.
With the AGM news causing the price to gap up on the 18/10, what are your thoughts that the price will retrace to fill that gap?
is there any indicator that you look at to give you confidence the SP will not retrace...Cheers
Hi @rnr
With the AGM news causing the price to gap up on the 18/10, what are your thoughts that the price will retrace to fill that gap?
**Edit - or is there any indicator that you look at to give you confidence the SP will not retrace...Cheers
Hi @trav,
I have no idea whether the gap will be filled at some later point in time, although it was a positive to see price retrace the following week and find support at the low of the gap bar.
In relation to your "edit" question....if @Porper was to post an Elliott Wave chart I would find that info very informative.
Cheers, Rob
Hi @trav
A revised answer to your question from this morning....yes the gap will be filled today
Cheers, Rob
Hi @trav,
I have no idea whether the gap will be filled at some later point in time, although it was a positive to see price retrace the following week and find support at the low of the gap bar.
In relation to your "edit" question....if @Porper was to post an Elliott Wave chart I would find that info very informative.
Cheers, Rob
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