XJO - Fall from the edge of rise

٢٧ فبراير ٢٠٢٣

I'm looking at a rising edge pattern on XJO. Today's end of day confirms which we are headed, and if the pattern is to play out, we are in for a steep fall. I'm watching 7220 level...a close below is bearish and likely to confirm the drop. Next support around 6900s.

DYOR and trade at own risk.

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ملاحظة

We are consolidating here, but this idea still looks very likely.

١ مارس ٢٠٢٣

ملاحظة

This is no man's land to be honest. We have a bullish divergence on Monday's candle, so we could go either way from here. If we get support at this level, and bounce, we are going for the 7624 level - sounds very contrary to the market sentiment, but the CPI news today could be the trigger for our next pump.

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تم حذف الأمر

We did get support at trend line, so this idea failed. It's a bullish run now.

١٠ مارس ٢٠٢٣

ملاحظة

Interestingly, it was just a dead-cat-bounce/fakeout! So this idea is very much ON! Watching 6900 level for next support.

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