The first chart is XJO at the 2001 911 event. Second is current FTSE.
It has a familiar pattern. Lower double top, double bottom, lower top, break down, retest and then collapse. I have seen this quite a few times on various scales.
FTSE now is at the retest point and the date is maybe 1 day out. ie., Sep 4 instead of Sep 5.
If FTSE collapses now, do all markets ?
The first chart is XJO at the 2001 911 event. Second is current...
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Last
7,629.0 |
Change
42.000(0.55%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,587.0 | 7,640.2 | 7,587.0 |
| XJO (ASX) Chart |