Yep Farsight and yep JD.
The rallies early in the down move have been fairly simple affairs and it might be time for a more complex structure here.
So some sort of ABC zigzag or flat construction between support and resistance levels would not be unreasonable, allowing some easing of overslod indicators.
This could take a week or two even, but certainly isn't a must.
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Last
8,589.3 |
Change
-13.700(0.16%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,603.0 | 8,617.0 | 8,572.1 |
| XJO (ASX) Chart |