I have replied to my previous 2 posts as I want to further...

I have replied to my previous 2 posts as I want to further expand on why IMO the bottom is in.

Sometimes dirty tricks, false narratives (anyone come to mind) conspire to distort charts to such a degree that all normal Technical Analysis gets thrown out the window. Now I'm going to throw in EW, Fibonacci, Wyckoff Distribution, 200 SMA. Many may not agree and will try and find some sort of indicator that suits their opinion. So be it. I'm not going to argue the point. This is just my opinion.

Now, after the dust settles and the false narratives are shown to be BS, and they have been, a reset is required and IMO, it is just back to Fundamentals driving price and support/resistance levels coming into play. Price may then resume some sort of order and establish technical levels that give us a structured trend. Take out the GS candle (1/6) and where would the price be?

I have watched the price action intently since the GS BS and it really is a great learning.

I stick with my post from 28/6 https://hotcopper.com.au/posts/62242400/single

The candle on the 23/6 was telling the story of fundamentals taking over. The absurdity of the company valuation was on show. Once it becomes BEOT against BEOT, the games just seem to stop. Mainly just dumb retail shorters left.

So a penetration of the green SMA's achieved Friday.

Scenario 1. Maybe an inside day Monday or small retrace leading up to the next auction. 50% retrace is at 226. What gap. Run to 250 after auction result.

Scenario 2. Continue to see a run to 250 before auction and a sell off and consolidation after auction.

Scenario 3, 4 ……. Whatever tickles your fancy.

Scenario for chartists. Shenanigans continue and we get more egg on face.