beat your high score - tuesday

Good Morning and Welcome to the XJO Tuesday Thread

News for Today (AEDST)

The XJO was marginally higher on Monday, after dipping lower during the session.
Spread was average & the close was high, on volume that was below average.

Mondays bar pushed down alongside the two bar reversal seen last Thursday and Friday which found above average volume,
however on Monday very little supply was found in the same area, suggesting selling pressure was now low.
Last Tuesday and Wednesday the XJO attempted to rise into the congestion zone to the left, and Wednesday's bar found supply, which knocked it over.
The two bar reversal has attempted to shakeout that supply above, which, if successful, may leave open a path to move higher.

The XJO has shown some signs that demand has been lacking recently (below average volume on up bars), well the set up is there for a move higher, lets see how strong it really is (or not).

Good Trading and Investing


cheers