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
$43.50 |
Change
0.340(0.79%) |
Mkt cap ! $220.0B |
Open | High | Low | Value | Volume |
$43.33 | $43.62 | $43.18 | $112.2M | 2.584M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 4914 | $43.49 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$43.50 | 203 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 3142 | 43.500 |
12 | 4364 | 43.490 |
13 | 4309 | 43.480 |
11 | 4005 | 43.470 |
11 | 5602 | 43.460 |
Price($) | Vol. | No. |
---|---|---|
43.510 | 1743 | 2 |
43.520 | 4216 | 13 |
43.530 | 8731 | 14 |
43.540 | 6735 | 16 |
43.550 | 4637 | 9 |
Last trade - 15.12pm 03/07/2024 (20 minute delay) ? |
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Adrian Costello, Executive Director
Adrian Costello
Executive Director
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