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
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Re that possible ABC style long tradeMany Gann traders will note...
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Last
$42.54 |
Change
-0.240(0.56%) |
Mkt cap ! $216.7B |
Open | High | Low | Value | Volume |
$42.72 | $42.83 | $42.45 | $86.08M | 2.019M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 2103 | $42.53 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$42.55 | 4436 | 25 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 2311 | 42.540 |
10 | 3535 | 42.530 |
14 | 5803 | 42.520 |
15 | 5808 | 42.510 |
26 | 13795 | 42.500 |
Price($) | Vol. | No. |
---|---|---|
42.550 | 1123 | 12 |
42.560 | 4608 | 16 |
42.570 | 5177 | 15 |
42.580 | 4696 | 11 |
42.590 | 4552 | 12 |
Last trade - 12.12pm 24/06/2024 (20 minute delay) ? |
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