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pjmcauley

XJO/ASX Megaphone Pattern and Wave 2 ABC Correction

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澳大利亚S&P/ASX200指数 (ASX:XJO)  
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ASX:XJO   澳大利亚S&P/ASX200指数
Support and Resistance Wave Analysis Elliott Wave
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supportandresistance waveanalysis elliottwaves
The XJO Daily appears to be topping. The retracement looks like Wave 2 ABC Correction and price has retested the trend line coming up from previous highs forming something resembling a Megaphone Pattern. Volatility should be high going into Christmas.
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Bearish outside candle. The up cycle is likely at a end for the XJO.
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