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XAO Technical Analysis

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Gringotts Bank said:
Breakdown failed. High target now back in play...5845.

What is a whipsaw?
Click to expand...
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
 
Gringotts Bank said:
Breakdown failed. High target now back in play...5845.

What is a whipsaw?
Click to expand...

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.
 
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


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

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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
 
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.
 
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