Been waiting for this set up for a yr now. Getting close. Could...

  1. 4,103 Posts.
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    Been waiting for this set up for a yr now. Getting close. Could still see a break below wkend low of 17K but price structure suggest close to a medium term bottom.


    https://hotcopper.com.au/data/attachments/4442/4442237-2a697d8db4a97b254a7e5bc8dd20debd.jpg

    It went all the way back to retest the 2017 top and lower edge of the longer term trend channel. A bounce could see it in the low 40K level so the RR is attractive.

    https://hotcopper.com.au/data/attachments/4442/4442241-98a3e72d7a419efff330307ac603975b.jpg

    MK.
 
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