If you believe in your theory with the charts, why wait to go long at 4200, as you could divert your strategy into shorting the index or majors on AUS index via PUT options or warrants, you also sell call options if you own A major blue chip without exposing yourself naked on that position, anyway food for thought, but yes the XAO does look over extended on the recent rise and bear trap is possibly looming. GlTO
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