QPM 8.82% 3.7¢ queensland pacific metals limited

To keep things in context (which is always major drain on this...

  1. 14,393 Posts.
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    To keep things in context (which is always  major drain on this thread because most novice chartists and non chartists cant think in multi time frame TA ) the 62% Fib 14c is not out of the question by any means..what's going on at the moment is a simple counter trend bounce within the main down trend.. commonly known as a "corrective wave"....price heading to the medium term upper 62% Fib most likely....a reversal from there to long term 62% Fib 14c-11c is still very feasible.. close above 24-25c..well then we might start looking at a long term trend change and some valid support... I do realise this is just Dutch to most here but anyway.. QPM reversal.png
 
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