FMG 1.44% $21.21 fortescue ltd

FMG Technical Analysis, page-11398

  1. 9,789 Posts.
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    Well well well
    FMG now at daily lows and same patterns I have been warning on here since February about BEAR SEASON.
    I was SPOT ON again despite the laughter and humiliation directed at me, I was right.

    Another long red candle -42c
    another close a daily lows
    another drop below 21.50 pivot now 21.20
    another false start daily chart pattern L shape loved by SHORTS
    another SHORTS field day again.

    Today opened higher than prior close +8c and the SHORTS loved it all the way down to daily lows.
    An easy 30c for the SHORTS today

    Since that 29 Jan high I called, its down a whopping 850c
    my call in Feb of 20-22 was SPOT ON,
    its now 21.20
    And its not done yet,
    Normally August we see the usual DCB say to 24 and then the annual lows hit around Sept/Oct

    This year i am very worried about the western equity crash Sept/Oct now Biden is gone AWOL and US governing party is in infighting disarray. Who is in charge in yankeeland, Kamala or Blinken? LOL.
    Yanks are in civil disarray, civil strife with political dichotomisation with some saying its a new civil war.
    Perfect time for the eastern alliance to press their advantage in commodities and global wars and especially for china to invade taiwan August to December.
    This I have been predicting for years on here now with a V type FMG chart when it inevitably happens.

    Here I expect SHORTS to pressure this to 20-22 area and a DCB in August to 24 followed by a vicious SHORT ATTACK around 20 in Sept/Oct.

    Shoulda taken the money at 29 toombs like I told ya.
 
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