JD
I did notice.
The rally respected the 50% rally mark, also the down trend line and RSI reaching 50.
The wave was also a zigzag ABC as a an alternation to the pattern of wave 2 and did not overlap wave 1. All good and normal behaviour.
A very common and the most bullish scenario I can see is a possible higher double bottom, so SPI 5425ish or equivalent is worth watching.
With 3 touch points on the downtrend line, any breakout of that ahead must be taken.
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Last
8,560.2 |
Change
-70.100(0.81%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,630.3 | 8,630.3 | 8,544.7 |
| XJO (ASX) Chart |