XAO Technical Analysis

[tech/a]

I personally think the best trading is boring , boring is easy

Yeah, there are moves, particularly intraday to a few days, I just don't think there will be resolution of a clear direction.

Plus 1

 

[Gringotts Bank]

Breakdown failed. High target now back in play...5845.

What is a whipsaw?

 

[Trembling Hand]

Breakdown failed.

As expected...

 

[Quant]

That ATR chart just says to me buy volatility

ATR is a handy tool on all time frames , Models and filter

 

[satanoperca]

Breakdown failed. High target now back in play...5845.

What is a whipsaw?

a saw with a narrow blade and a handle at both ends, used typically by two people.

Seems you just need another person to help with your insightful analysis to create a whipsaw

 

[tech/a]

Breakdown failed. High target now back in play...5845.

What is a whipsaw?

When it turns bearish I presume you'll be calling that the
Low range will be back in play.

Whipsaw
Up then immediately down
Down then immediately up.

Had a wife like that once.

 

[Gringotts Bank]

Had a wife like that once.

Yeh you probably drove her up the wall and down again.

 

[tech/a]

Not according to her second husband!

 

[Quant]

Earnings season about to get underway bigtime



https://www.intelligentinvestor.com.au/2017-reporting-season-calendar-1871806

 

[Gringotts Bank]

5845.

...

 

[Quant]

The gift that keeps on giving , happy to see XJO range forever . Alas it wont happen , I still see the path down

We have now filled gap at 5727 , possibly some token support here , any pops gratefully accepted today though still have a downside runner so not fussed either way

 

[Quant]

After blowing through Tuesdays gap at 5727 price was rejected at Mondays breakaway gap at 5688 . What a day . Fat pitch payoff once again

 

[Gringotts Bank]

Long target 5883. If it eventuates, it will signal a breakout from the big wedge.

 

[Trembling Hand]

Long target 5883. If it eventuates, it will signal a breakout from the big wedge.

Interestingly I already have a breakout on market internals.

 

[SuperGlue]

Looks like the wedge has to drag its feet a bit longer and decide which way it wants to go. Maybe a cup and handle formation on the weekly, if AI doesn't disrupt the formation.
Please DYOR

 

[Gringotts Bank]

7 touches on that top trendline. Obviously on everyone's charts.

Like if you appreciate. If not I won't post.

 

[tech/a]

Like if you appreciate. If not I won't post.

Aren't you feeling the love mate??

 

[Gringotts Bank]

Aren't you feeling the love mate??

No I'm not.

Maybe some chicken and quinoa soup will help.

 

[Gringotts Bank]

Thanks guys - blue, Can, Cap.

 

[Gringotts Bank]

Still in this wedge. When these massive sideways movements happen on stocks, the breakout/breakdown tends to be big and sustained.

If you think omens* are important, there are two in today's news, one positive, one negative. I'm on the sidelines now.

* ie. indicators of sentiment expressed in other forms.