XJO 0.81% 7,971.6 s&p/asx 200

Yesterday I put up the first chart and suggested its shape...

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    Yesterday I put up the first chart and suggested its shape suggested more to go.



    Well it has and as suggested it Could be an ABC completion (in red numbers), but more likely the 5 wave blue sequence. 4 tests of a top usually breaks through remember.

    So a break up would complete the 5 waves. But that is probably a larger degree wave 1 of 5.

    Probably a pullback then to the break out point for wave 2 then up for the larger 5 wave sequence into maybe 5120ish or so.

    I guess we are about find out.

 
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