XJO 0.85% 7,814.4 s&p/asx 200

XJO - Bear Posts only (Factors which might cause the markets to fall), page-14637

  1. 587 Posts.
    lightbulb Created with Sketch. 120



    Good call @shrips. If you look at the 3 timeframes (weekly,daily,hourly) a possible turning point is being confirmed with bearish patterns on each timeframe.
    According to Gary Glover the magnitude of the run up from the oct 2023 low (22%) is fairly rare (only 6 previous times in history) & ties in well with the election cycle.
    Gary does not think a big drop but more like a 4-8% correction lasting 4-8 weeks using previous election cycles as a guide.
    I have no idea so will wait for price action to confirm my next swing trade wink.png

    https://hotcopper.com.au/data/attachments/5958/5958667-9bf77280f9767dcb05e7f2f891873f57.jpg





 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.