Salty Gibbon
Experienced member
- Messages
- 1,535
- Likes
- 6
I have done much the same thing regarding Level II.
Still doing absolutely fine.
Still doing absolutely fine.
Hi Richard,Mr. Charts said:It looks as if a few people like to say what happened next, so here's a little variation.
a) what happened next?
b) and more importantly what does that long tail on the last candle mean?
Richard
timsk said:Hi Richard,
The 'What Happened Next' game is irresistible - just wish I was better at it
a) Price continues its advance up, strongly.
b) The long tail suggests that after the break out to new highs just before 19.30 or so, there is some profit taking by the longs or a test to check the strength of the up trend. The tail was created by a wave of demand - happy to gobble up the limited supply. The accompanying volume is very light, suggesting that there aren't that many shares to be had and, if your gonna be one of the lucky few to acquire some of 'em, you're gonna have to really make it worthwhile for the seller(s)!
Okay, now you can tell me price plummeted!
Hope you're keeping well,
Tim.