Is a 23.6% retracement enough?
Rarely and even 38.2 doesn't cut the mustard.
You need to think 50% or 61.8.
Yes, lower lows could be made first which changes the dynamics I suppose.
Shenzen was pitiful and looks a worry while not yet breaking to new lows.
But it is about to get exciting and we all love that, right!
A break above 0.618 suggests teh 5th wave idea is in play.
monday trading, page-45
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Last
8,081.3 |
Change
-78.700(0.96%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,160.0 | 8,160.0 | 8,063.2 |
| XJO (ASX) Chart |