chart, page-2

CUM LAUDE MAGNUM == With great success

I like it :)

Definitely looks like a down-ward channel, with some lower tops, etc.

Its not a perfect Head and shoulders - But macro patterns not often are...

Also could be top of A,B,C Elliott correction wave...

Could simply be a 3-4 in a 1,2,3,4,5 bullish impulse Elliott wave.

Has not broken the up-trend yet... Trend is your friend.

Voltaire, Jaolsa, SanFelipe, paddington bear and Robbbbbbbbbbb probably have an excellent opinion on cycles, etc... I envy their skills.

Hard to say what Aussie [or any] market is telling us... Always is hard.

Regardless of the patterns, channels, support, resistance, cycles, etc... Asia markets look weak, and global markets all look like fair value based on the economies of the time.