FMG 3.09% $17.34 fortescue ltd

wrong rebound call again boyz. today another lower open -13c...

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    wrong rebound call again boyz.

    today another lower open -13c
    another red candle -10c
    another crackdown below that 22.50 pivot which again showed no support.
    next pivots are 21.50 and 20.00 then 19.00

    DCB in play as usual in August
    this 20-22 low range still in play
    This ledge may not last long before the next wave downwards.

    I did warn you all.
    Annual lows normally come after the DCB around Sept/Oct like the last 5 years.
    If it cant get above 24 in August then the SHORTS will try to run it at or below 20 in Sept/Oct imho.

    BULL TRAP still in play and did SPRING hard in March & June as i called it SPOT ON.

    Yet another BULL TRAP imho.
 
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