Hi @OwenPlace
I am not calling an ‘ultra simplistic X’ because of what happened this time last year.
Rather, I am suggesting this ‘season’s’ low will be higher than this time last year based on charting data going back 5 years … a higher low if you like … which overall would be bullish.
That charting interpretation just happens to align with fundamentals of a strong iron ore price and FFI being at the pointy end of flagged project announcements … and just happens to be somewhat at odds to @tomboy’s more bearish charting interpretation.
We can entertain different charting views on what is a charting thread.
I particularly look for what emerging news charts may be reflecting. A sudden drop below say the 200 bma on the weekly would currently be an event not yet considered or recognised by the market and reflected in the chart imo … but is not impossible.
Regards
Dex
Hi @OwenPlaceI am not calling an ‘ultra simplistic X’ because of...
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