XJO 1.25% 7,777.7 s&p/asx 200

wednesday , page-21

  1. 17,444 Posts.
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    AFP

    Nice chart.

    It also is a nice 3 cycles as per PQ Wall etc. Not really a novel technique as really just describes a 5 wave EWT completion.

    However it does allow a new significant move higher if in the cards.

    I suppose the question is whether our weakness to date is true weakness or just disguising an upside extension.

    Was the last weak upside move just 1 of something or part of a trinagle etc.
 
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