----------------------------------------------------------------------------------------------------------------------------------------------
Good Morning and Welcome to the XJO Wednesday Thread
----------------------------------------------------------------------------------------------------------------------------------------------
News for Today (AEDST)
The XJO reversed and closed higher on Tuesday, where spread reduced slightly, as did the volume.
The potential two bar reversal (or shakeout over two bars) is not perfect (not bad though...), but will require an upbar in response to confirm.
Price does however remain within the little congestion zone to the left, where support had previously been found in the upper half of the trading range. Highest probabilities for tomorrow would be for an up bar in response, or an inside bar that closes mid to high. And the negative view would suggest that a close below the red dashed line would see a deeper pull back within the overall range or even a failure.
Good Trading and Investing
.
Understand Fractions - Wednesday
-
- There are more pages in this discussion • 35 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
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 |