We have now at least removed much of the overbought nature of...

We have now at least removed much of the overbought nature of the price, whether it can simply turn back up and resume the uptrend is questionable and I would think would probably require news.  Without significant news to drive the price higher, I'd expect we see something like a 3 month base into the ASX200/300 inclusions in September, assuming they happen



Could be any number of different shapes to form up a base but either of those two is quite possible, blue would undercut the recent low and further shake out weak hands, yellow would be much more comfortable for us hodlers   I'd bet on something more like the blue though at this moment, it's very typical for there to be at least two waves down on the left side of a base .. need more time and data to improve the odds of guessing right though, these are just random lines drawn based on how stocks often base