kapow 24.38
i warned you all. the BULL TRAP SPRUNG here.
Sure ignore my independant words and the TA but its reality you ignore.
The TA tells you the truth of what is going on whether you like it or not
BD & I were the ONLY ones other than Macquarie that picked the lows here so smoke that.
now dropping 24.58 -24.38 again
a drop below 24.55 is another lower close = bearish
and the higher red hangman body starts at a higher 25.05 = bearish
so even a close at 24.80 is BEARISH, its a red hangman if it closes under 25.00
Its 2 red hangmans in 4 days with a long red candle in between engulfing yesterdays doji harami candle with a 1c body
the 4 day pattern is bearish combination
MACDS gone from 0.74 down to 0.45 today = bearish
RSI is flat
UBB risen but its momentum is slowing
the 50DMA is at 21.32 and rising 6c daily
the 100dma is now 26.65 down from 27,20 and dropping 9c daily
its trading between these lines now which are tightening from 670c range to now 532c
at this rate they will intersect in 36 days at around 23.33 near 30 june
SHORTS want to attack the 50DMA at 21.50
LONGS want to see it break the 100DMA 26.50/27.00 which it failed to do 3 days in a row when it was near there
The TA dont lie, humans do, the robot is reading the TA & the stop losses.
humans & their emotions are superfluous to this mathematics.
the SHORTS & the robots control this SP atm imho .
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