See this is why I like having these little discussions...
I just noticed something else on the ASX200 chart:
Basically, you have a collection of levels you might target for a pullback, with the 2020 high (2) and closing high (4) possibly to come in for a backtesting, since they weren't properly &/or successfully backtested at the beginning of this month.
The lowest level (4) is -2.8% from where we are now. (-3.0% from our recent closing high)
IOU Chart, page-1221
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