MMX 0.00% 4.7¢ murchison metals ltd

chart, page-3

  1. 25,374 Posts.
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    Hi Chris
    agree with all your comments the best is yet to come
    Youve certainly ridden through the ruff patch,,
    Yes that is an Andrews and I use pitchforks in my standard stockchart template arsenal....Its a superb channel/trend and Target indicator. Dr Andrews states an 80% midline potential outcome, who am I to argue...I added the High low High in red for you showing its last drop was contained within the bounds of the upper fork channel and just a correction trajectory,

    The green is the last Low High Low for the current Andrews midline Target after the obvious 218 is broken,

    As I said last night the 196 region should have offered some resistance, still remains to see where we close with all this recent profit on the table...

    heres todays move with a a few confirmation oscillators

    the red vertical is the last (macd /Stochastics) sell and the green vertcal the last buy confirmation...

    NB All patterns including Andrews require confirmations..

    cheers
    john


 
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