Nice discussion people, from those who are the backbone of the BHP thread.
In regards to Kacy's comments, I've also heard some quite rumblings that china could be the next to go....long story, too long...but it does warrant some caution.
Back to the charts:
Theres no doubt in my mind that the most recent move from 31 - 39 is an impulse, and these are not one offs.
After a correction they are repeated (similar to robbbbbbb's speed angles )
Add to that BHP's remarkable tendancy to close gaps, i've labelled my headline price action in red(below).
Which ever way the price action does go, at the end of the day all labelled gaps on the BHP chart will eventually be filled, how that will happen is another matter (alternate price action in black???).
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Price($) | Vol. | No. |
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