DRE 0.00% 1.8¢ dreadnought resources ltd

Thats fine. We are at a weekly zone. A daily close below the...

  1. 784 Posts.
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    Thats fine. We are at a weekly zone. A daily close below the previous low validates the new range for the 4hr and daily swing. If we now break 3.8 the daily and 4hr swing will be bullish. First target is weekly supply at that first red order block. If that zone breaks we can then look for the demand that broke the supply, and I wouldn't be surprised if that demand, when confirmed, will push price to take the trendline liquidity that extends to 8c.

    We could get news at anytime. Any one of them could be the catalyst. The major thing that I am concerned about is a massive downturn in all assets which looks to be happening now. The yen looks like its about to rally hard. But so is the DXY which is concerning. If both rally then it could be a flight to safety. Gold looks about to sell off too to at least $2000. In that environment everything wiil sell off, but at least DRE is at weekly supply after an 80% sell off, mainly thanks to rare earth prices rather than peformance.

    https://hotcopper.com.au/data/attachments/5869/5869654-ded3b249f175f149121358e562a8185d.jpg

    https://hotcopper.com.au/data/attachments/5869/5869638-deec33afa3151883e10001b0a5c9ccd2.jpg
 
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