Dropping below the previous recent low would require re-examination of the short term wave count, although would still be legal for a flat within a triangle leg.
Tuesday, July 12, 2011
XAO Short Term Update
The XAO is expected to bounce soon and head higher as described in the chart below. The previous wave's upper channel line may be a place for the XAO to find footing.
Dropping below the previous recent low would require re-examination of the short term wave count, although would still be legal for a flat within a triangle leg.
Dropping below the previous recent low would require re-examination of the short term wave count, although would still be legal for a flat within a triangle leg.
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