false start pattern here as expected
opened flat then red candle down rundown by SHORTS as usual
then 16.00 showed support from the LONGS & shorts forced to cover
looks like 2 INSTO SHORTS in at 16.30s tried to crack the 1600 but failed miserably and now forced to cover to protect that pathetic 20c margin
now hitting 16.12 so their margin dropped to a pathetic 20c
The daily lows and the tail is reversing as SHORTS BURNING
Looks like we are going to get a close around 16.30 with a long tail here as SHORTS BURN.
That long green candle and breakout yesterday has got these shorts flustered and desperate
soon they have to settle up as their shorts are loosing.
Ive been calling BUY BEAR TRAP on here for weeks, SPOT ON !
Burn them SHORTS, BURN !
FMG Price at posting:
$16.12 Sentiment: Buy Disclosure: Held
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