Its all becoming clear now
streching a Fib grid from the 87 crash low, to the all time high reveals that we`re in a 20 yr (62%Fib) corretion
which is also playing out a 5 wave structure with the top of wave 1 and the bottom of wave 4 meeting at the 62%level.
so although there is a triple bottom on the daily chart I dont think this will hold.
the good news is wave 5 should take us to new highs
20 yr chart
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Last
7,750.7 |
Change
-16.800(0.22%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,767.5 | 7,767.5 | 7,710.3 |
| XJO (ASX) Chart |