Saturday, May 07, 2005 - 01:13 am:
--------------------------------------------------------------------------------
4028PPL 20/1/05 - 4097PPL 25/02/05 = 26 day cycle
3878PPL 09/12/04 - 4096 PPL 18/01/05 = 26 day cycle
These are interim cycles within daily the market structure
4059PPL 30/03/03 - 3927PPL 05/05/05 = 26 day cycle
The completion of a cyclic high or low point is a significant timing point but really should be confirmed by the element of price in the form of a higher low or lower high .
The run down from 4266 was symetrical in price as confirmed by an ABC downside projection with 360 deg of the range coming in at 3960 - recent price action has tested this zone and closed marginally above it for the moment completing a 26 day cycle off yesterdays low so a higher low is required to validate a turn in trend .
Range Analysis :
I have projected a downside retracement grid from 4060PPL and we can see the 180 deg point in direct alignment with our ABC projection low at 3956 .
If this lv is broken my next downside target is 3854 which is a very important technical juncture - this will mark 150% ABC projection in direct alignment with 360 deg downside range projection .
2696 - 4266 1/4 = 3873
3510 - 4266 1/2 = 3888
1139 - 4266 1/8 = 3880
average = 3880
XJO support zone = 3854 - 3880
- Forums
- ASX - By Stock
- ASX
- xjo
xjo
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ASX (ASX) to my watchlist
|
|||||
Last
$62.92 |
Change
0.230(0.37%) |
Mkt cap ! $12.19B |
Open | High | Low | Value | Volume |
$62.61 | $63.21 | $62.31 | $16.53M | 263.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 356 | $62.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$62.96 | 544 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 356 | 62.720 |
1 | 2487 | 62.700 |
2 | 1745 | 62.670 |
1 | 555 | 62.660 |
2 | 2245 | 62.620 |
Price($) | Vol. | No. |
---|---|---|
62.960 | 544 | 1 |
63.000 | 399 | 1 |
63.010 | 526 | 1 |
63.050 | 1745 | 1 |
63.080 | 356 | 1 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
Featured News
ASX (ASX) Chart |