Re that possible ABC style long trade
Many Gann traders will note that BHP opened well outside the 25% - 33% price increase range for Point C, reducing the RRR. IMO, some who will still take the trade will move their stops higher.
Given that recent sustained high levels of short-selling have not prevented the previous swing high [ie. resistance] of $41.36 from being taken out, as well as the $41.53 Wave 1 low for the bearish weekly Elliott Wave, BHP is now looking at some relatively blue sky!
Please remember that I have no qualifications to be recommending such trades / strategies and wish all traders the best of good fortune.
4YIO-NFA-PDYOR
info, page-47
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 (20min delay)
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Last
$42.34 |
Change
-0.440(1.03%) |
Mkt cap ! $214.6B | |||
| Open | High | Low | Value | Volume |
| $42.72 | $42.83 | $42.31 | $123.6M | 2.904M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 897 | $42.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.34 | 1341 | 10 |
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| Last trade - 13.50pm 24/06/2024 (20 minute delay) ? |
| BHP (ASX) Chart |