Hi SM, well done kicking off the weekly post & great charts: your XJO has a fork well known to me. LOL. Just posted a close up of XJO over on the XJO thread & thought it might be worth sharing here. It has a topping pattern on last 3 highs that I noticed after looking at your chart!
Chart is based on IF (and that is an IF) yesterday was start of a correction.
Not saying it adds a lot to what you have been saying but a picture worth a 1000 words etc ...... If you can ignore all the lines (love a pitchfork) except the 3 dark orange rulers.
In summary last 3 rallies:
- have been 436, 416 and 399 points -20,24 & 33 bars in duration -accompanied by x of stoch below 80
Seems to me the rallies are "slowing" in time and quantum? Rolling over one might say?
