IMU 1.89% 5.2¢ imugene limited

IMUGENE CHART. TA only, page-12447

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    @aurelex90 Most long term momentum trends correct in the same way whether its the XAO or a single stock, the top or bottom can take a while to build out, then a double top or bottom is very common..after that we see the 1st lower low and then lower high..after these 3 points are established the top is well completed. the next step is a 50 -62% retrace (correction) of the entire up trend ..we can also know if a trend has changed because during up trends price will find support at the minor 62% retrace levels and it will break through the minor 62% resistance levels..during down trends price finds resistance at minor 62% levels and breaks through 62% supports, we`ve seen this trend happening since Jan this year..today was another 62% support failure only by 10 points but tomorrow will be very telling of that.when things change its best to be aware of it very early.. XAO long term c wave.png
    Last edited by W3hunter: 24/02/22
 
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