Fortescue Metals Group Ltd (FMG - Sydney) is moving down in WXY complex correction cycle from major top. It has completed X complex wave in triple three correction. Y wave is already started moving down, which will further progress in wxy wave. A sharp drop indicates A wave drop of w internal wave. Wait for B wave pull back to get into trade for C down.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.