The bullish alt view is a potential 12 12, so we would see a small 3 wave decline, probably to around 4600-4700, in 3 waves then setup for a huge move higher.
Not my preferred idea, but any move lower would need to stay as a 3 wave decline.
elliott wave analysis of xjo & spi, page-45
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Last
7,829.7 |
Change
66.500(0.86%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,763.2 | 7,832.3 | 7,763.2 |
| XJO (ASX) Chart |