AGO 0.00% 4.5¢ atlas iron limited

its downhill ago 46c, page-47

  1. 205 Posts.
    aaaaaaaaaghhh the tea leaves at the bottom of the cup foretold that 67c was going to see a short term rally and guess wot!?


    CliveH
    Post #: 32253
    Price at time of posting: 70c*
    In Reply to msg: #32245
    IP: 197.250.xxx.xxx
    Sentiment: ST Sell
    Disclosure: No Stock Held
    Views: 844


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    Thanks Mitta3 EW is based on fractal theory. There are wheels within wheels, and to interpret EW is a bit of an artform at times and extremely accurate in others..

    The recent sideways action in AGO was a corrective wave that I thought would last longer and have a week or so upwards before resuming the main trend. I was wrong.

    The sideways action plus the broken support level has just set the stage for the next leg down IMO. 67cent is just a minor rally point though in this next leg down.
 
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