XJO 0.83% 8,199.5 s&p/asx 200

Not a standard setup i use regularly but thought i would put...

  1. 686 Posts.


    Not a standard setup i use regularly but thought i would put this up. Short term moving averages have pierced above the Long Term Moving Averages, which could signal an end to this downtrend highlighted by the blue downward resistance.


    Coupled with rounded bottom based on fib arcs.

    (If an inverted H&S was to play out id like to see a lower swing sitting on the LT moving averages, which provides a range approx equal to the left shoulder)
 
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