FMG 0.59% $16.22 fortescue ltd

FMG Technical Analysis, page-9961

  1. 9,945 Posts.
    lightbulb Created with Sketch. 4301
    today a higher green candle with 20c body
    opened flat and then kept going higher near daily highs
    still below 21.50 pivot though

    monthly downtrend not broken yet
    Wait to see the next few trading days, trend will become clearer.
    Dont get too excited during BEAR SEASON in a downtrend 240c below the monthly high
    prior years precedents of 450c-360c downruns around this time still look ominous, may happen again or is happening now.

    BULLTRAP still in play imho.

    but SHORTS today are BURNING.
    BURN THEM SHORTS BURN
 
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Last trade - 12.54pm 09/09/2024 (20 minute delay) ?
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