Your quite right in waiting for the break of the lower point of the "M" , however why wait that long. A good trader will anticipate, rather than react.
the fact that the latest high failed to break past the previous top and the subsequent weakness indicates we are going lower, and after Wall sts weakness on Friday, much lower.
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |