Lycopodium

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Lycopodium: Range Performance (12.5)

Lycopodium: Range Performance (12.5)

[BEARISH]: Lycopodium sellers are increasingly eager. This is the first day sellers have increasing eagerness for LYL adding strength to a downtrend in the first timeframe. The biggest price range this month has been $0.2900 & the greatest daily price range this year has been $1.7900. The price range ratio this week versus the quarterly price range is 0.5x & the price range ratio this month versus the year to date price range is 0.2x.

LYL Basic Candle: Black Marubozu

[BEARISH]: Lycopodium has formed a Black Marubozu candlestick. This means, LYL has received strong selling confidence and downward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

This is the first day of seller commitment for Lycopodium adding strength to an downtrend in the first timeframe

This is the first day of seller commitment for Lycopodium adding strength to an downtrend in the first timeframe

[BEARISH]: Lycopodium sellers in control. This is the first day of seller commitment for Lycopodium adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 4 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.5%. Over the last month there has been 4 trading days with the closing price in the lower range giving a confirmation ratio of 40%. Currently this quarter, closing price has spent 4 days in the lower price range compared to 3 days in the upper range giving a ratio of 1.3x.

Open/close reversal confirmed for Lycopodium signalling the sellers were in control all day

[BEARISH STRONG]: Lycopodium opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 4 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 1.5%. Over the last month there has been 4 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 40%.

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