As I called it last month, 22 top in February & then move back to 14.00
bearish move down
14.00 rounding top pattern completion is the target now
SHORTERS are in charge
China heavily supporting Russia now and soon sanctions on them too as the East forcibly decouples from the West entirely. China emboldened and eyeing off Taiwan South China Sea Malaysia.
The winning eastern alliance predicted by Gene Roddenbury in the 1950s is now taking shape for all to see. They cannot lose imho.
LT FMG will benefit from its trade with China imho, but short term the yanks and western traders dont like it and in fact never have, I remember 2004 -2014 when they all talked FMG down & shorted it constantly. May take time for this dynamic to play out.
Australia clearly is not staying neutral and is the obedient lapdog once again.
Werent all those wasted casualties from Vietnam Korea Iraq Afghanistan enough already?!
Do we need more casualties?
Do we need more China sanctions & trade wars?
Looks like the mainstream politicians all say yes for now till the recession & massive inflation starts hitting hard globally.
22 was the interim sell top, now very obvious on the chart
Cant see it stopping till 14.00 - then the real test.
dont catch the falling knife.
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Mkt cap ! $59.94B |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 1285 | 19.440 |
1 | 400 | 19.430 |
1 | 1500 | 19.420 |
4 | 8988 | 19.410 |
Price($) | Vol. | No. |
---|---|---|
19.500 | 2291 | 2 |
19.520 | 7000 | 1 |
19.530 | 77076 | 3 |
19.540 | 399 | 1 |
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