FMG Technical Analysis, page-9969

FMG is a SHORT target since 2008 buddy,
Ive been following it since 2003 for 20 years on here.

SHORTS like Chanos Leucadia UBS Citi have been SHORTING for a decade and more here
FMG is now a trading stock zigzagging around between 19-23
used to be a zigzag trading stock from 2 to 7 between 2009-2019 for 10 years
The massive gains 2003-2008 & Jan 2019 -Jan 2021 are DONE

this zigzag 16-23 since Feb 2021 has been going 2.5 years already & could go 10 years again like the last range did 2009-2019.
Everytime it gets to 23 it gets SHORTed back down, happened many times now the last 30 months.
Even only 4 weeks ago high got smashed lower
We are now 273c below the closing high of 26 July 2023 only 3 weeks ago.

The never ending bull story is BULL.
Its in a BULL TRAP pattern now imho.

We are in BEAR SEASON and the SHORTS are lining it up for a smackdown by 31 october as usual every year,
My call has been 16-19 lows, got hit once already, despite the abuse and laughter on here I was proven SPOT ON & CORRECT
now im trying to see where it bottoms out to call a bull run again but nowhere in sight and todays & this weeks candles inspire no confidence of any change to the current bear trend imho

BEWARE this BULL TRAP.

Trading Rule 6
never buy in a downtrend, don't catch the falling knife,
wait for the floor, it will be boringly obvious