IMO we are, late this afternoon, close to a start of the next...

IMO we are, late this afternoon, close to a start of the next leg up, to the wall @ 10.5

Bases:

The formation of a 6-day inverse head & shoulders pattern from 11 Jun till now – being my interpretations per my 5day -15min candles chart per Commsec:

a) 11 & 12 Jun – i) trading within 2 narrow Bollie Bands in an SP range of 7.8 to 8.5 – the left shoulder

ii) a breakout upward to above the Fast & Slow stochastics Oversold range

b) 13 & 16 Jun – i) the “head” trading period

ii) 2breakouts upward to above the Fast & Slow stochastics Oversold range

c) 17 Jun & today – i) trading within 2 narrowerBollie Bands in an SP range of 7.9 to 8.6 – the right shoulder

ii) 2 breakouts upward to above the Fast & Slow stochastics Oversold range

d) 3 EMA’s (9, 13 & 20) levelling out in this 6-day period - not trending downward.

Note: a) b) & c) above do not appear as evident on a Daily candles chart, but d) does.

My apols for a no chart post. I need a lot more training on how to post these screenshots.

So check out your own, and post your opinions too?