6993 - close enough
Didn't make it above as MMs have trapped longs up there. (TL)
We chopped for a bit and now resolved lower
There will be few shorts trapped under S2 pivot so not sure if we'll dip below again. (TS)
The cruel but best option is another dip below, grab stops from those that sat them under the low and test 6770 proper, then trap shorts and play around 6780-6795 so bulls and bears can both sweat.
Then MMs can cash out when spreads widen later.
I'm at brekkie atm and not in front of screens so can't see what's going on with volume and aggressive buy/sell action so just spitballing ideas...
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6993 - close enoughDidn't make it above as MMs have trapped...
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Last
7,971.6 |
Change
-64.900(0.81%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,036.5 | 8,036.5 | 7,923.6 |
| XJO (ASX) Chart |