Here's an updated perspective from a TA point of view; keen for...

Here's an updated perspective from a TA point of view; keen for other thoughts and opinions on the TA.

Looking at the Elliot Wave, its possible we are still in the 4th Wave and just bounced off of the 50 fib; which is often standard for 4th Waves. The 3rd Wave was a 100pt move, and the 5th wave often makes approx the same size move; taking us from 100 up to 200 in the next major move.



However, looking at the Daily chart, we are experiencing some difficulty breaking the current down trend and getting through the ichimoku cloud. Additionally the EMAs, have some correction required in the short term.


Lastly, looking at the 4 hourly; its still showing we are in a down trend and needs the blue to cross the red to even start to initially signal a reversal in trend.


Its possible that we could see XRO go lower down to the 61 fib around mid 90s before it decides it wants to start the next wave.

Here's a perspective, not advise, and DYOR.