7 rinse and repeat cycles, each producing minimal overall price movement; and each involving several 5min candles.
The last 3 failed to move the price. Clear sign of exhaustion to me; it appears pumpers couldn't find more buyers at the price (likely the top).
Doubt it's over. Next stage is probably a down-cross / not-a-down-cross game, until EMAs get close enough for a change of trend or continuation.
Tues 21 July, page-102
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Last
7,861.2 |
Change
-102.500(1.29%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,963.7 | 7,963.7 | 7,861.2 |
| XJO (ASX) Chart |