Yeah I don't follow the share price action closely but patterns are no doubt a "personality" of individual share price movement and when trade is somewhat directionless the patterns are certainly well worth knowing and "games" are more easily played.
Looking at the daily with a continuous grind down since the near term high and it indicates no conviction with the downside being the least resistant.
If you look at the Dow Jones or any of the US majors the chart pattern is similar with the crash the bounce then directionless but with more strength and that no doubt comes from the US Fed/Treasury tag team keeping things propped up. Rates are coming down around the globe apart from the Fed who are unlikely to lower much unless the so called market shits its self. The global economy is in trouble and slowing rapidly. The Fed wants more clarity and we wait to see if Trumps "big beautiful bill" gets passed and if it does then we are likely to see some renewed action. Trump is a completely deranged clueless fool from what I can see so once the games begin again they are likely to be on the wild side.
BHP Price at posting:
$37.56 Sentiment: None Disclosure: Not Held
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