Iron ore price, page-35552

Further perspective can be gained, imo, by looking at the timing factors of the falls and rises in FMG over time.
I have gone back to mid 2019 for this exercise.
Peak to trough the falls appear to take roughly a month to complete their cycle and are generally in the order of 20-25%.
Trough to peak, the subsequent rises appear to take 6 weeks to complete and are usually in the order of 30%+.
One can see a pattern of institutional shorting and buying emerging within the continued rising trend of the stock - they have to make money somehow and this seems to be the method employed, disguised within the usual ups and downs of the market and the IO price which doesn't seem to be as influential as sometimes thought except in the very long term.