XMM ... Some time ago on this thread(mid Oct.'18?) @redbacka...

XMM ... Some time ago on this thread(mid Oct.'18?) @redbacka posted a chart for XMM outlining a potential H 'n S Topping pattern(that had yet to be confirmed as the SP action hadn't broken thru its neckline). Now in "Red's" defence, ATT he generally was bearish on other sectors that had broken their varies supports and was wary that XMM was about to follow. Also ATT, I'm pretty sure, I posted a longer-term chart highlighting a longer-degree Reverse H 'n S Pattern that seem to be in play and "Red's (potential) H 'n S topping pattern could very well just be a continuation consolidation above my R H 'n S pattern's neckline.

That was then ... Almost immediately after(~ 3 weeks?) the confluence of both Necklines(with the 'assistance' of a few other technicals... on my charts below) were to prove Red's potential H 'n S was actually a 'corrective continuation H 'n S pattern' ... if I'm allowed to be cheeky.... and just this week we have broken out above its Head level high.

Take a look at my Weekly(log)Gann Fan Chart ... note the blue arrow ... 2 x H n S necklines + Gann 1 x 1 line confluence. The attached Fibs clearly suggest this will get somewhere near 4293+(as we have broken above the (red)HEAD, the 3.618% Fib and the correction remained above the 2.618% Fib).



To support further T.A. evidence of probable higher prices take a look at the Monthly Gann Fann chart ... Sure its early day's on a Monthly chart but again this week's action could prove very +Ve going further forward. I'll let the chart do the talking ...