FMG 3.61% $20.10 fortescue ltd

There it is the confirmation dropdown & green candle reversals...

  1. 10,002 Posts.
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    There it is
    the confirmation dropdown & green candle reversals hit by SHORTERS

    Opened -18c lower than prior close
    then a -24c long body with 8c neck 5c tail
    Meaning the lower open kept going lower into a false start pattern loved by SHORTERS and at daily lows also under 20.00 yet again

    trolling around under 20.00 very BEARISH
    2nd time this happened this month after that drop to 18.99 this year already
    SHORTS targeting 19.00-19.50 for rounding top pattern completion
    The Bulls got suxed in again

    Yep i was SPOT ON, AGAIN. Sub 20.00 here it is again

    And there is still 8 weeks to go till last years BEAR LOW of 14.70 on 31 October and also CRASH SEASON is here Sept -Oct.

    Dangerous period coming, Wait for the floor, nowhere in sight. maybe 16-19 or 17.50 we will see.

    SHORTS in CHARGE AGAIN,
    BULL TRAP SPRINGING AGAIN.
    Last edited by tomboy: 05/09/23
 
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