The Rio Tinto share is currently below strong resistance zones, the most important of which is in the area of just under € 58. The momentum is in a medium range, from which we have already seen many downward movements. This could lead to another correction in the short term, or the positive momentum could pick up and we could reach the resistance zones. The interesting area is the equivalent of around € 55.50 to € 60.50, and a breakthrough would boost the price.
Depending on the interpretation, a negative reversal formation can be recognized at a different time level. However, the setup is not clean and should therefore be invalid. But if I am wrong, a setback to the equivalent of €41-32 is possible.