FMG Technical Analysis, page-74

lower long red candle with 9c body 4c wick and 5c tail,
daily false start pattern that shorters love then lunchtime dead cat bounce led into another arvo selldown into close, almost ended at 5.86 but some last minute shorter buyers kept the damage at 5.88 covering for tmrw and dont want to hold overnight.

meaning the tail is showing weakness and IO price flipback got the longs nervous at these 6 months highs.

3 bearish patterns in a row, the 600 top was smashed down and the pro sellers are looking for an exit point, very dangerous up here.

Im waiting it out as I have for years. In the past FMG would trace 2-7-2-7 now it looks like 4.65-7-4.65 -6 -?
If it goes backwards with a lower high it may be negative, so best to wait now divy is spent to see where the dividendless sellers take this to. Dont fight the trend.