XJO 0.43% 8,223.0 s&p/asx 200

lets just call today what it is... thursday, page-72

  1. 88 Posts.
    For those that follow elliot wave theory.
    Wave iv the current wave is subdividing into a Triangle pattern which itself is 5-waves as a retracement against the prior downthrust.
    IF this is the dominant structure, then we probably have one more mini-wave up before the triangle breaks to the downside, testing the prior 850 level at a minimum most likely exceeding it.
 
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