What a nice little move up.
The usual cycle was the low but things are limited on the upside.
The converging trendlines suggest almost unbreakable resistance at 4930 XJO with Monday the best time. Sometimes it signifies time rather than price achievement.
As well we are forming a wedge or contacting triangle in the final stages of a major move. This normally results in a swift move back to the start of the wedge, ie. Oct 05 lows.
Monday is also the midpoint between 30/09/05 and a peak due 01/06/06. 120 dgrees both ways. A time to watch anyway.
What a nice little move up.The usual cycle was the low but...
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