I don't think you can read so much into a single candle but have to look at the overall context. Back on the 2nd of March, the bar you're referring to formed the shoulder of an H&S pattern, after an extended rally (and see my weekly chart comment of 6/3 warning of a pullback in price).
This time the bar is inside Friday's candle at the 50%-61.8% retracement level - a totally different point of the price structure.
I don't think you can read so much into a single candle but have...
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Last
13.5¢ |
Change
-0.015(10.0%) |
Mkt cap ! $17.65M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 17.5¢ | 13.5¢ | $209.1K | 1.362M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23000 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 30600 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CDX (ASX) Chart |
