XJO 0.09% 8,205.2 s&p/asx 200

IntuitionI don't see how you could call this move down a minor...

  1. 17,444 Posts.
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    Intuition

    I don't see how you could call this move down a minor 4th now.

    If you want to be super bullish, you could make it a wave 2 after the move up from Feb as a wave 1 of C or something like that.

    The pattern of the wave down can't be seen as 5 waves as wave 1 and 4 overlap.

    At a minimum bearish count you would have to count it as A-B-1-2-3-4. 4 is todays rally.

    Thhis inplies we have to have a lower low as a minimum structure.

    As far as the next few days go, I have seen a pattern for end of the month in the US which has only failed once in quite a few months.

    That pattern calls for tonight up and the final 2 days down.

    A bit like Robbbbbbb's 41ema, I have my Wilder ma which is not too dissimilar.

    It will probably be broken today but I require 2 closes through so it is one important hold out for now. There are some others of lesser importance and will need to study those after today's close.
 
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