I'm not sure which way this is going to break but it feels more like a distribution than an accumulation pattern.
My chart can be opened below. The last 2 retracements have failed at the 50% fib level and we have been travelling sideways for days.
My WMA's on a daily chart are 11, 21 & 35 if anyone is interested.
Obviously the market is not trending so extremely dangerous.
http://screencast.com/t/MTE3Yzcy
I'm not sure which way this is going to break but it feels more...
-
- There are more pages in this discussion • 91 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
7,735.2 |
Change
54.600(0.71%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,680.6 | 7,735.5 | 7,643.3 |
| XJO (ASX) Chart |