XJO 0.74% 8,285.2 s&p/asx 200

XHJI suspect the last peak might only be wave [iii] of the ED...

  1. 178 Posts.
    XHJ

    I suspect the last peak might only be wave [iii] of the ED (ending diagonal) and the last drop wave [iv]

    Its still got that wedge look to it, so i suspect its still an ending diagonal.

    As we dont have a strong clue, i will give the benefit to the bulls to run it to new high, but if it stays in the wedge pattern, then i still feel its trying to carve out a peak for a 5th wave.

    An ED is a terminal wave and very common in a 5th wave of a 5 wave sequence.

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