XMD 0.47% 10,302 s&p/asx midcap 50

The Big Boys, page-781

  1. 1,586 Posts.
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    Hey CG,

    This may or may not be of use. Here's a weekly with the fib retrace of the previous leg down. The pattern on the chart shows to expect turn dates the weeks of 28/10/16; 27/1/17; 21/7/2017.

    looks like the rally and correction so far this year may have been manufactured to an extent. See the first date got a reaction. Looks like price was run up to the 61.8% retrace prior to the election with the expectation of a result either way.

    You would know better than me what fundamentals would be occurring around the next two dates to cause a reaction in price...

    HYG for CG.jpg


    Cheers Rhodes
 
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