Half the high, we might find some support. the weekly close didn't even give the slightest wick. The weekly chart hasn't even provided a pivot low on its 6th weekly close outside the 0.382 bollinger band, usually on this timeframe, we can expect a pivot low on the 5th close. Very bad close. WD Gann - a masterful trader and analyst used the 50% retracement of the move. The wave 3 move was from ~3.5 to 26.5. A huge move, congrats to those that profited along the way. A 50% retracement of this move is 14s-15s. if it breaks this, 12s come into play.
Play it level by level. I expect some support for iron ore at $90s. That breaks, $70 next.
FMG Technical Analysis, page-7186
-
- There are more pages in this discussion • 4,222 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$20.13 |
Change
-1.190(5.58%) |
Mkt cap ! $63.87B | |||
| Open | High | Low | Value | Volume |
| $20.65 | $20.83 | $20.02 | $154.1M | 7.529M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 676 | $20.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.14 | 2785 | 11 |
View Market Depth
| Last trade - 12.54pm 25/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |