I agree, and today very well could have been a day we look back on. We are at the end of the 5th consecutive upswing, with each swing steadily diminishing in volume and +ve movement.
Bearish divergence on hourly MACD or just about any momentum indicator you want to use.
Nothing to convince me otherwise that this is anything more than a very typical Bear flag in a predictable range.
Big news coming out this week surely will be the catalyst for a break of the pattern.
Wednesday, 15th April - PRINT PRINT PRINT, page-112
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Last
8,176.9 |
Change
-28.500(0.35%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,205.4 | 8,223.5 | 8,164.8 |
| XJO (ASX) Chart |