Rio has been very slow to fill the major top of what I consider range 2 .
On a long term basis I had been figuring on 42.50 ish [give or take a little] note I've called this approx number in the past .
I get next major resistance level between 41.56 - 41.79 plus the all time high is around there at 41.51 so watch that carefully as well .
Up ranges in this leg off 31.98 are ;
31.98 - 35.96
34.60- 38.35
35.70-39.63
36.30-40.20
37.81- ?
The surprising thing is that we often witness only 4 uplegs [small ranges ] in the bigger picture which means the tops in but it just don't feel like it to me so will stick by the next set of numbers until I see last major swing low broken .
cheers ge
ps; dont trade my figs but thought the above worth pointing out plus it gives me bragging rights if I get a hit
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