Today's close is fairly important imo. If it closes below the wedge lower line then we could be in for trouble although the 50% line may still provide support. If it closes above then I'm going with a false break of the lower line this week and we should be at least sideways, possibly up from here.
A close today below 50% fib(although very unlikely) would not be pretty.
Daily Chart first, weekly second.
more tea leaves, page-26
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Last
8,103.2 |
Change
-6.700(0.08%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,109.9 | 8,110.2 | 8,073.7 |
| XJO (ASX) Chart |