FML 0.00% 15.0¢ focus minerals ltd

any chartists out there, page-3

  1. 5,928 Posts.
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    They're all gone on hols by the looks of things.


    I am strugling to read this a bit, the first 2 motive waves look obvious, but the 3rd is harder to make out.
    Where I have marked point 3 on the 3rd wave is followed by what appears to be an ABC making me think that point 3 is actually 5, which confuses me even more. Eitherways we are due 2 corrective waves regardless of whether I've read it right or not. I feel low 5's are not out of the question, I wont say any lower for fear of awakening the downramping police. My point is, with 2 corrective waves due, Its probably wise to sit on the fence until the chart shows some better signals or someone can read it better than me.

    I have also noticed the marked dropoff in volume on wave 3

    Happy & safe XMAS FMLers
    Regards
    F&B
 
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