XJO
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0.74% 8,285.2 s&p/asx 200

elliott wave analysis of xjo & spi, page-35

  1. Nouf
    178 Posts.
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    19/11/13
    16:17
    Post #: 12591022
    FMG

    With RIO and XMJ appearing to be inside an ending diagonal (ED) aka bearish wedge, the look on FMG is also that of a possible ED.

    So the mining sector and stocks could be to be telling us a message.

    We still need a strong break down but these wedge shapes usually portend to a reversal.

    XJO Value at posting: 5,352.9
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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