hi all.
looking at the daily bhp chart it is easy to think nothing much has happened to the sp over the last week,(trending sideways) but when you review the weekly USD/index chart you can see the continued uptrend in the USD is still in play. i feel the sp has performed very well against the up trending USD.
there could be a ascending triangle forming,(not confirmed, volume should be decreasing as the triangle plays out but the volume is lower than av). there could be a break to the upside.
i am still holding my .618% fib $42.43 target, closing gap 2. this move could see a zero line reversal in the macd.
the USD has now broken the .382% fib 80.13 so a small pullback to around 79 could be on the cards(red arrow), we could even see the index trend as high as the .618% fib 83.78 (blue arrow) but not in this possible 3rd wave.
any comments would be great.
have a good one.
582
can we fill the gap?
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Last
$44.77 |
Change
1.120(2.57%) |
Mkt cap ! $227.0B | |||
| Open | High | Low | Value | Volume |
| $44.49 | $44.87 | $44.00 | $347.0M | 7.772M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5589 | $44.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.77 | 8514 | 3 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |