IDL 0.00% $1.27 industrea limited

Hi SSkim,Bit of a intresting chart this since I last looked at...

  1. 18,599 Posts.
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    Hi SSkim,
    Bit of a intresting chart this since I last looked at it it's done pretty much to the "T" what I tought it may have done...
    Firstly lets look at the Daily..Is this a break up from a Pennant? or a small DB if its the Pennant look to the Target.. It still looks like it wants to go to the higher Fib
    & Quadrant but being a EV of 5 you wouldn't expect it to be stronger than the EV 3 Also if close's the EV 5 at the Target it will then do a A,B,C. THAT COULD be the Right Shoulder your looking for with the Target being the Neckline....but thats just if's & but's ATM..I'm just looking a head maybe to far maybe not..and pretty big Inverted H&S
    Firstly it needs to break the last High..

    Here's the wide veiw Daily Chart





    Daily Close Up & Inds
    Note the MA's & Inds are ready to go but Vols are light on..






    Weekly Chart
    Note Inds most are reading High but the Short Entry has been Triggered so they may strech a bit as they did in the past...
    Note Candle Tops & Bottoms
    Cheers Pete


 
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