Hi Voltaire,
From a view point of the slow Stochastic oscillator, a bottom is more likely within one-four days as you said. It may be a short term though. But my first indicator is the gradient of the (highs/lows) for the (down/up)trend, respectively. I usually look for a change of the gradient for my trading opportunity and others are for the double check. It's very simple to recognise. The gradient of the XJO downtrend hasn't changed yet.
Cheers.
monday, page-51
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Last
8,118.8 |
Change
-41.200(0.50%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,160.0 | 8,160.0 | 8,063.2 |
| XJO (ASX) Chart |