This is probably a short term upwards direction.
The volume flow on a 1month time scale is still indicating loss of money flow (Volume * Price , smoothed )
Summary
Close out at minimal loss , and just observe
Published for educational purposes only
An a analysis of LYC.AX
Was long on the long climb up.
Amusing how an article saying how positive LYC is , came out just 16 hrs before the peak price occurred and is about to fall. At least that is my expectation now
Absolute Peak was $6.18 , I got out at $6.15 , good enough
LYC is seen now peaked - using Volume Flow and custom Coppock - changes are all...
Analysis:
Volume Flow - falling
At the peak of oscillator (Coppock)
The Coppock is a generic public code that I've made a few changes to - nothing is locked - its all public as well.
Near term expectation is Oscillator to turn down and price to fall.
Be careful - different time scales give different interpretations
Will it be shortly TRU ?
Only time...
Timeframe
Viewing behaviour from 1 year time frame perspective
Trading from 1 month perspective
The potential for downside
Oscillator shows peaking
Price is highly extended above trailing edge
The potential for continuation :
Volume Flow still shows good strength
VIXY showing low risk environment
Summary :
Risks now outweigh Rewards
Note:
Reason...
