Question.. (educational)
Hello all, I'm relatively new to TA and I was wondering if the area I outlined with the red lines was showing any sign of 'iceberg' play? I thought of it because of two things, the length of time spent at the new price range and the slight jumps, indicated by small triangles, seen earlier on during the possible play? My current understanding of the iceberg methodology is to have the time-frame rather large and to 'create' these small spikes to further stoke the plateau. If I am wrong please don't hesitate to say so and also please include why and what kind of indicators I should look to for confirmation/rejection of the idea. Also I understand that TA includes going back to the financial records from the quarters involved, especially when looking at such a larger range of time. Are there financing indicators I should look for in those reports such as those found in the 10-Q?
Let me be clear, I do not actually suspect this is in play, nor am I anywhere near upset/conspiring. I am only asking this to learn more about such a maneuver and what kind of things trigger more serious consideration of it than those that my novice eyes can spot. Any contributions appreciated. Thanks!!
Let me be clear, I do not actually suspect this is in play, nor am I anywhere near upset/conspiring. I am only asking this to learn more about such a maneuver and what kind of things trigger more serious consideration of it than those that my novice eyes can spot. Any contributions appreciated. Thanks!!
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