AGO 0.00% 4.5¢ atlas iron limited

aaaaaaaaaghhh the tea leaves at the bottom of the cup foretold...

  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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