Monday, 22 August 2016

ASX 200 upwards correction from February low looks complete, now rolling over

For the past several weeks I have taken only a casual interest in markets and only occasionally glanced at my charts. as the markets I most like to trade have been in Northern Hemisphere summer holiday mode. Yawn. Also I needed a period of less intensity to recharge. Now as September approaches, some markets are beginning to look interesting.

ASX 200 daily chart shows that the rally from the February low looks and counts complete. Charts include all sessions trade.

4 hour chart zooms in on wave C to show that it peaked in a classic ending diagonal throw-over.

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