ASX All Ordiaries

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XAO

XAO has been declining since the peak of cycle corrective wave b that happened earlier in the year. It seems to have finished primary wave 1 down and it is moving up in a 5 counter trend waves up that should create intermediate wave (A). The most probable target for the end of primary wave 2 up is at around 6300 points XAOwhen the retracement completes the fibonacci ratio of 0.618