RajDhall
Long

Lloyds down move just looks like a retracement

LSE:LLOY   LLOYDS BANKING GROUP PLC ORD 10P
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3
102 3
I believe the uptrend is not over, the move lower has not been met with high volume . Once with wears thin I believe the move up will continue.
Comment: Another good call here the move traded through the chart pattern to the upside and will continue as the US set to continue normalisaton plans
Kind regards

Rajan Dhall MSTA
fxdaily.co.uk
Hi, isn't it technically correct to see lower and lower volume on a correction?

Thanks
Reply
RajDhall dec.hynam
@dec.hynam, 100% correct but when rejection time comes at the level you are looking for, you want high volume at the rejection point
Reply
dec.hynam RajDhall
@RajDhall, Hi, yes, I get exactly what you mean. Great educational charts and great picks. Thank you RajDhall
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