bluesdog thursday, page-3

Interesting ... if you have a look at the 4 hour cash chart Australia 200 on IG you can see the xjo has started to channel down.

Apply a downtrending line from 4089 top touching June 15 - June 22 9am and 1pm.
And a parralel line snug against the June 17 9am and 9pm and June 23 9pm lows.

Now see how much room we have to move to the upside... ?

If it bounces off would be a nice short, if it breaks through to the upside will be a nice long with target of 3930ish imo.


It amazes me again and again how it works...