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0.55%

7,629.0 s&p/asx 200

just closed a few longs on IG xjo, might as well make some quick...

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LeGrogan

469 Posts.

7

01/11/22

17:56

Post #: 64529275
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Originally posted by TheFadz: ↑

It depends on time frame
If they stretch the rally out to the end of month, it'll hit 7220
Like October where they kept selling until today (we should've hit 6900 weeks ago)
Target finally reached today
If they rush it to get the trend line before bond yields/dxy pump again, then we can only get 7140
I base my pullbacks off buying/selling pressure & not exact targets
Trend line has to hit though

Right now the channel has a top at 7000
If that holds, we could be back to 6940 by the end of the night
Intraday channel (60 points)

We are currently trading in the 6940 to 7140 xjo trading zone (200 point range)
This zone gets higher as each day passes

I need to see how they trade during the week to see what gameplan the bosses have & how to trade it effectively

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just closed a few longs on IG xjo, might as well make some quick profits. wanna say I appreciate your analysis , it’s very helpful xx

XJO Value at posting: 6,976.9
5 Upvote

0 Great analysis

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