XJO - Fall from the edge of rise

27 feb 2023

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.

1 mar 2023

Nota

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

1 mar 2023

Nota

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.

6 mar 2023

Ordine annullato

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

10 mar 2023

Nota

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

16 mar 2023

Trade chiuso: obiettivo raggiunto