Though reticent to post this chart after all it is a bit messy...
In the big picture scheme of things...
IF this is a change of trend, then this level of bounce occurred abetween 50 and 61.8 retrace of the Green Marked wave 3, also the entire 1 2 3 sequence marked in blue... this is interesting as if indeed this is a change of trend and not just an internal counter trend... then it is possible that we are about to embark on a wave 5, which could be swift n hard n take out a new high just to piss everyone off :)))...
;)
thursday sell the bounce or buy for a rebound?, page-8
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Last
8,075.7 |
Change
87.800(1.10%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,987.9 | 8,079.0 | 7,979.5 |
| XJO (ASX) Chart |