Hey this is a TA thread not a grandpa gossip thread! today a...

Hey this is a TA thread not a grandpa gossip thread!

today a lower small green bar with lower open & 3c body & 2c tail and longer 6c wick.
Looks like yet another shooting star as the wick is double the body and triple the tail length.
This means an unsupported rise got sold down by shorts
yet the daily chart shows a strong rise in morning and flatline in arvo, so not bearish
Monthly shows a zig zag again but on a rising incline now
And the Sept 10 lows have moved into a rebound pattern on the annual chart

Every day above 4.00, it is in a new consolidating bull pattern that has broken the 3 year bear pattern.

IOP has cracked 70 convincingly, if it can hold FMG is making massive FCF weekly
The BB team is working hard, the short held equity is depleting daily
The brokers will notice once its past 4.30 and 4.65, those dufus kids are always late to the party anyway

China is in QE/infrastructure, US is doing QE/infrastructure, EU is doing QE/infrastructure, soon UK the same, Trump will not resign, he will win the trade war, he will sanction & tariff china more, IOP will rocket as supplies deplete from yank embargos and booming US steel consumption. Higher IOP is a tax/tariff on china, thats why the yanks will rocket up the IOP & commodities prices.

FMG well set up here. near 4 year lows sub 4.30
Should be at 6.00 compared to RIO BHP MIN AGO all near 3 year highs!

BURN those SHORTS!