FMG fortescue ltd
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Opened -6c then -30c now only -20cso its a lower red candle...

  1. tomboy
    10,754 Posts.
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    22/05/25
    10:44
    Post #: 79145064
    Opened -6c then -30c now only -20c

    so its a lower red candle bearish atm
    and 1600 showing resistance now
    past years bear season started in May or june

    but this year bull season didnt happen
    tariff talk & fear blocked it
    so have to see what transpires into a defined trend.
    dangerous to gamble which way from here imho
    14-17 low zone may zigzag till october at this rate
    shorts may try to test 14
    bulls failed to break 17 times x 3
    so 16 area now

    Candle pattern is bearish
    Shorts are in charge
    FMG Price at posting: $15.93 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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