All Ords (XAO) H/L 3 box pnf with bearish price objective.
This analysis is for educational purposes only.
Bearish count taken from the most recent completed top is shown on the chart. This target level clusters with 2013 as well as 2016 support levels. Fib. Golden Mean Retracement (GFC low to recent top) is also overlaps in this zone.
Will we see a floor around those levels at least temporarily ? This remains a real possibility but remains to be seen.
Analysis continues...
Bearish count taken from the most recent completed top is shown on the chart. This target level clusters with 2013 as well as 2016 support levels. Fib. Golden Mean Retracement (GFC low to recent top) is also overlaps in this zone.
Will we see a floor around those levels at least temporarily ? This remains a real possibility but remains to be seen.
Analysis continues...
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