Falling Knife
Regular
The last of the MMAs to turn upward is at least flat lined. My bias sees it marginally pointing upward after todays activity
Technical Analysis
- Thread starter Vojnovic
- Start date
old punter
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Afternoon all , I would like to post a few charts here if ok ?
First trade on day 13 of the mirror pattern at 32.5 .
Now waiting for the low on 28/2/25 or 3/3/25 , which will be 2 months from the high of 45 c . Price must hold the 27.5 low for this mirror pattern to work and if so it implies the next spike high will be 60 cents based off the chart , view the dates and prices to see .Obviously I didn't make this pattern and I haven't updated it for a few days as where it currently sits is a random walk in my view . The date of the 10th day of the month could also be important and bought in the last low but am guessing the top date remains more important 28 -3rd of March . For the silly billies across the road [only one or 2 ] who blatantly ramp price daily based on some crap shorting theory , they have been exposed on brn and pls threads constantly but still allowed to post .
First trade on day 13 of the mirror pattern at 32.5 .
Now waiting for the low on 28/2/25 or 3/3/25 , which will be 2 months from the high of 45 c . Price must hold the 27.5 low for this mirror pattern to work and if so it implies the next spike high will be 60 cents based off the chart , view the dates and prices to see .Obviously I didn't make this pattern and I haven't updated it for a few days as where it currently sits is a random walk in my view . The date of the 10th day of the month could also be important and bought in the last low but am guessing the top date remains more important 28 -3rd of March . For the silly billies across the road [only one or 2 ] who blatantly ramp price daily based on some crap shorting theory , they have been exposed on brn and pls threads constantly but still allowed to post .
old punter
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Try again , for this mirror pattern to work the low should come in 2 months from the high , whether that is double bottom at 27.5 or a higher bottom we don't know but with the high at 3/1 time is approaching at 3/3 which could also mean 28/2 [always give or take a day or 2 lol ] note the first high on 10/10 took one month from lows and the 3rd low [red line came in 2 months from the top . MIRROR PATTERNS ARE NOT PERFECT but the 13 days trade worked but the top on 24/1 didn't make sense to me but if u consider the first high at 32.3 may of been a fake break and 30 was confirmation on price ? which also meant the high at 45 cents was relevant . 15 cent low 30 cent top and now 45 top implying 60 cent top for the next range up [GIVE OR TAKE ] THE ONLY THING THAT SCARES ME IS THE MONTHLY CHART AND A RED BAR but as long as price holds 27.5 which is based of the low at 15.5 then 21.5 and now 27.5 all 6 higher GET MY DRIFT etc etc cheers old phart .
old punter
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If only they would follow HWI lol , Computer hardware index , https://stockcharts.com/freecharts/gallery.html?$HWI middle chart is weekly and shows new highs
old punter
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And the ramping continues over the road on BRN . x yz prediticed a 10% bullish day and even thought it would gap open but now still down 2 ish percent . If a few turkeys could read a chart there would be no need for incessssssant ramping !
old punter
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Last edited by Ari" How the stuff these blatant ramps are not deemed illegal I have no idea . Dozens of similar posts on multiple threads and dozens of failures . My call is for the low to occur on 28 th of Feb into the first trade day of March which has remained constant from before I drew up the above charts . Give or take . As traders we need to go with the flow and with a monthly red month same for the indices the above up UP bottom picking trade may still fail . The bottom price may align with the 3/2 low or even somewhere inside that bar which was 32 -28.5 but but but . cheers
old punter
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THE BELOW IS the covid mirror pattern on xjo , monthly charts , and we are now at no 8 implying next month is a flash crash . Personally I can't see it happening but a mirror is a mirror until it fails . Which means if it fails it could be a breakout upwards forcing all the mirror pattern traders to reverse their posi and go long ? Akka the great sp500 mirror crash of 1987 . But with a twist !
old punter
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Support on a Friday but one week early ? but is it a con with price still sideways and a red month ? I am not a good reader of the depth as it is often opposite to reality and a strike near the big numbers in this case buyers may see them all dissapear but but but . Isn't it called spooning ? and illegal ? but only if they are fake ?
old punter
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If my chart is correct we are now looking at the final week of this consolidation . Lets see if price mirrors the A or where we end up as it doesn't have to double or tripple bottom but but but
View attachment 77916
old punter
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Using the day count of the last range down into the low we are now within one or 2 days of the reversal upwards [ IF IT IS TO HAPPEN ] current low today is 0.285 only one cent off the last major low [ THIS MUST HOLD for it to reverse up or the pattern is dead ]
![brn back near lows [1 cent above ]with still one or two days before the reversal call ..png](https://thestockexchange.com.au/attachments/brn-back-near-lows-1-cent-above-with-still-one-or-two-days-before-the-reversal-call-png.78207/ "brn back near lows [1 cent above ]with still one or two days before the reversal call ..png")
old punter
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looks like i am wrong as the mirror is broken and just traded at 0.27 .grrrrrrrrrrrrrrrrrrrrrrrrr minus 12 % for the day .
old punter
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Lets see if 3 = ranges bring in a low of 18.5 which may make for a big intraday rally should it gap down into it on Monday and or a multiple day rally but buyer beware as this is one slippery sucker . Current low today was 0.195 and now has 3.3 mill on the bid at 0.20 .
old punter
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XJO MIRROR CONTINUES ,point being is to be aware of the greater trend which is currently down but no9 monthly is only small in comparison to the covid crash and also view the weekly as the 3rd and 4th week were crash weeks .
old punter
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and the weekly
old punter
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Not real sure yet .Didn't get to my 18.5 , only made 19.5 ish . The 10th of the month saw lots of buying until the sellers showed up and smashed it down again . Lots of dribble posted over the road about shorts being called in when they list in the States but lots of sellers appear off screen on any strength which is LDA ? the knobs appointed to keep BRN in cash at the sacrifice of more shares on the register .
old punter
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Bit suspect on this one but today is 24/3 so 2 months from the 2nd high , u can see above and this chart below the significance of the 24th dates , if the 24 th was a non trade day then pick the day before or after like one marked . COULD BE A REASONABLE BOUNCE TOMORROW but I am not calling it a major low , just yet .lol but if the world does not fall apart tonight i may be long lonnnnnnnggggg tomorrow .lol
old punter
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Another fizzzzzz by me , stinken thing went half a cent higher and back to 0 for the day .
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