Wink
Was looking at same issue last night; my time frame very different (Longer) than yours but thought I would throw my chart up in case anyone interested. Chart is based on IF (and that is an IF) yesterday was start of a correction.
Not saying it adds a lot to what you have been saying but a picture worth a 1000 words etc ...... If you can ignore all the lines (love a pitchfork) except the 3 dark orange rulers.
In summary last 3 rallies:
- have been 436, 416 and 399 points
-20,24 & 33 bars in duration
-accompanied by x of stoch below 80
Seems to me the rallies are "slowing" in time and quantum? Rolling over one might say?
GJ
WinkWas looking at same issue last night; my time frame very...
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Last
7,971.6 |
Change
-64.900(0.81%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,036.5 | 8,036.5 | 7,923.6 |
| XJO (ASX) Chart |