Hi Jako
Thanks for your post yesterday most helpful.
Rather than an uptrend on the XJO I had a rising bearish wedge the volume was just confirming it.
Volume: Ideally, volume will decline as prices rise and the wedge evolves. An expansion of volume on the support line break can be taken as bearish confirmation.
xjo - weekend charting and chat -04 april 2014, page-2
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Last
7,829.7 |
Change
66.500(0.86%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,763.2 | 7,832.3 | 7,763.2 |
| XJO (ASX) Chart |