TradingView
UnknownUnicorn2254721
Jul 22, 2019 9:22 AM

RIO Big Picture Fibonacci zones 

RIO TINTO LIMITEDASX

Description

As you can see mining stocks have been hot in australia for 2019. However there is a lot of resistance coming up shown by the aeroplane box formed by fibonacci extensions. I would short rio in this box and wait for a pull back either to the 0.382 or 0.618 fib extension. If we break this resistance or eventually retrace back to the penguin box, I would have my eyes on the rocket box way up there.
Comments
transparent-fx
so much content shared everyday on this platform, love it, thanks for sharing your view, are you also taking value from my content?
More