UnknownUnicorn2254721

RIO Big Picture Fibonacci zones

ASX:RIO   RIO TINTO LIMITED
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.
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