It all started here with ONE BAR (SOSB) as per the earlier post (11/07).http://www.google.com.au/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwiilfWW96TVAhXFoZQKHTuBBt4QFgghMAA&url=http%3A%2F%2Fthecharttechnician.com.au%2Ffcx-nyse-daily-chart-outlook%2F&usg=AFQjCNGxyBl8CMjJRatgyTLRikxxqNHFZg
I hope, I have successfully inserted the link for the earlier post on FCX.Incase I haven’t, one may scroll back to that post if they wish from the bottom of the page. What a performance/show ? Will our ASX listed sound Copper and other miners match this performance of FCX ? Can they ?
Don’t we love our SIGN of STRENGTH BARS (SOSB) or SMART MONEY BARS ? These bars more often than not may lead to a SOS ( Sign of Strength) in the next higher time frame(Intermediate/Medium term) resulting in an UPSIDE BREAKOUT. They occur in intra-day time frames like 5 Min., daily like this one, weekly, monthly…. Identification of them may take a lot of practice both on historical and real time charts.
Was the OIL turning point any different ? Same repetitive thing.
Here is the updated FCX.NYSE chart courtesy of StockCharts.com
If only Prof Bruce Fraser read this post would he pass or fail me ?
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