re: 20 year chart xao/3450 Plusltec
I agree with 3450 being the next support line as well as a 50% retracement
The only thing to watch though is that the XAO is also sitting on a support line at the current level as well as being at the bottom of an upward trend line.
IMO if you are not yet short I would wait to see what happens over the next few days, the market may stage a recovery from here but is more than likely to continue it's free fall
20 year chart xao, page-8
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