If you look at the first big weekly down candle, it was huge. Maybe that suggests a big run to the exists, so maybe more down to come? A big stimulus might work or it might be seen as desperation. On the other hand, we have an amazing looking pin bar on the weekly, but it has 3 days to go to complete. Also, it's common to get a 50% retracement after a 20%+ fall.
Just thinking out loud.
Tuesday March 10 - Circuit Breaker Tuesday, page-77
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Last
8,069.7 |
Change
-22.200(0.27%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,091.8 | 8,091.8 | 8,041.3 |
| XJO (ASX) Chart |