582
Your comment re Risk to Reward Ratio [RRR] prompted me to explore a bit further. IMO the charts below show BHP in an uptrend & as shown with the yellow RRR insert on Chart 1 long trades can still offer opportunities - albeit with tighter stop losses. The coloured boxes encompass the end points of most of the arrows, perhaps indicating the most likely target areas for time & price for both long & short trades.
Chart1: Repeating range moves - showing projections from recent swing high / swing low points. A Gann ABC long trade is shown - the green repeating range projections are shown on the right side.
Chart2: 2 Day swing Chart for 23.11.09 - showing that the trend is currently up
Chart3: 1 Week swing chart [Nov18] - showing the current trend is up.
4YIO - NFA - PDYOR
info, page-26
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Last
$43.65 |
Change
0.490(1.14%) |
Mkt cap ! $221.3B | |||
| Open | High | Low | Value | Volume |
| $43.33 | $43.65 | $43.18 | $216.8M | 4.982M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 379 | $43.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.66 | 18948 | 8 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |