My thought on XJO aka ASX in a single chart

ASX is showing a bullish signal according to the charts. Below is my analysis and when i will be fully bullish.

Bullish case:
- ascending triangle which is inherently bullish.
- LSMA in upwards direction
- price above 50MA
- daily velocity positive
- RSI neutral

Bearish case:
- price below a key fib level: 0.382 at 5468
- price below key resistance level at 5580

I will be full-bullish with of course tight SL when price closes daily above 5584.

I will keep you updated with any changes bullish or bearish. If you like these TA please click like or leave a comment.