bhp and rio, page-13

re: rio - short (very) term You should see something very similar to the prior green circle type path unfolding. But it could also be still ONE day out. ie 2 days of drop still coming. Which also ties in a bit with end of Fin Year timing.

If I was trading them I would be watching the shape tomorrow, and almost certainly buying some anyway. Then add some more if the 2nd drop day came anyway. Which would be Monday, and nicely cheaper after extra decay too.

Retrace, even if the low is near $29-00, should be in a zone of around $30-00 to $30-30. Sometime next week.
It wouldn't have to stop the rise peak as per that sort of look in last times path, but in warrants it is VERY dangerous to push beyond that!!

So in this chart, until more is seen tomorrow, don't count on it being just ONE day more to lows. But good mathematics can bridge trading to cover both possible paths quite well.