DW8 Growth, page-14202

Market sentiment seems to be changing to risk on. ASX XTX & XIJ appear to be making an inverse head & shoulders pattern.

Market should rally to around 2,580 level for XTX which will be the neckline. About 20% rally from here. Then it should retrace to around 2,300 level for XTX to form the other shoulder. Around 10-11% down for one final shakeout before the run proper.

What is Inverse Head And Shoulders?

An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends

We'll wait & see what happens.