XHJ
I suspect the last peak might only be wave [iii] of the ED (ending diagonal) and the last drop wave [iv]
Its still got that wedge look to it, so i suspect its still an ending diagonal.
As we dont have a strong clue, i will give the benefit to the bulls to run it to new high, but if it stays in the wedge pattern, then i still feel its trying to carve out a peak for a 5th wave.
An ED is a terminal wave and very common in a 5th wave of a 5 wave sequence.
xjo - weekend charting and chat, page-9
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Last
8,285.2 |
Change
61.200(0.74%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,224.0 | 8,285.2 | 8,224.0 |
| XJO (ASX) Chart |