FMG 0.18% $21.86 fortescue ltd

FMG Technical Analysis, page-6694

  1. 9,768 Posts.
    lightbulb Created with Sketch. 4216
    yep spoke too soon,
    the bulish harami became a red candle and broke the 21.50 pivot support.
    bearish sentitment,
    7 days wait is over
    its a bearish move
    where the 3rd wave low ends up will be important,
    19.17 has to hold, if 21.50 doesnt

    finished on daily lows, IOP rise once again sold down, bearish pattern and candle yet again.
    warning bells on TA charts.
    its going down the arm below 21.50 yet again, where is the next pivot support?
    20.00?
    19.17?
    21.20?
    15-17? soon to find out.
    avoid till the falling knife is firmly in the ground for 2 weeks
 
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