Hi mate, it certainly looks that way but the close and daily low was right on an area of significance.
I don't have time to go through all the different timeframes but you'll see on the right I have marked all significant price points I'm watching - for different reasons.
I haven't touched them in a few days but you'll notice yesterdays close was one pip away from the $41.26 level marked in purple - from a previous consolidation zone.
Today broke the previous 'neckline' and closed right on the 'last chance for bulls' - $40.05 to the pip!
If this level fails then I'd expect a test on $37.90 to follow
Was hoping it had one last push toward the higher volume nodes and 200dMA around $43/$44 but seems buyers ran out of steam.
Lets see what happens to BHP on OS markets tonight before taking a swing at next weeks moves
Hope this helps mate
.
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