Fortescue Ltd
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$FMG another wave down expected

314
With iron ore sales plummeting and not looking rosy on the China front, time and price wise is looking bad for FMG

10 down down, 5 days up to 1.375 retracement.
expecting fmg to reach 13 by end of October (tentatively 22nd) . 13 is also the top resistance back in Jan 2020. Old top (resistance) becomes new bottom (support)

I have been shorting FMG since mid September and wish i had done it earlier.

Comments welcome

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