hi kman,
looks pretty clear to me that bhp has a bit more downside yet... it's tracing out a 4th wave triangle around 10.65 and (if wave 5 = wave 1) should dip down to ~10.56 to complete the impulse down since the top at 10.84 yesterday.
then there should be some sort of correction back up towards 10.70 before another impulse down. if that's enough to close both gaps, i reckon that might be it for the pullback.
if bhp does another impulse down after that, however, then the story is different - much downside ahead in that case.
just my opinion.
regards,
ultrafart.
hi kman,looks pretty clear to me that bhp has a bit more...
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$39.62 |
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Mkt cap ! $200.9B | |||
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