Also this is some tricky crap and for the more experienced traders. That gap up back at the start of the week told the story of where it was heading. If you line the gap up at 38.2% the 161.8% lines up perfectly to where we headed and bounced today. Gap up or down on XJO ive found to be the most dodgy crap as they always have a target in mind based off fibs but hard to work out. In hindsight so simple.
Considering the 161.8 has been respected, I believe this is a ST bottom for now, but as I said earlier the 6941.6 level or the 100% FIB will be a tough spot to get above.
Indices 2/10, page-174
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Last
8,208.9 |
Change
-60.900(0.74%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,269.8 | 8,269.8 | 8,186.6 |
| XJO (ASX) Chart |