Saturday, 1 October 2016

#ASX SPI 200 making another peak. 4 hour, daily & monthly charts #XJO

4 hour chart shows a 5 wave decline from the August peak, followed by a rally that looks to have either peaked or to be close to peak.

Daily chart

Monthly chart

1 comment:

  1. You are, as a matter of fact, wrong so often it's amazing.

    The problems are that you attempt to use the charting patterns to predict, and you - in complete bias - 'foresee' an future pattern that is not completely supported by the wave count/pattern.

    Stop that .... let the markets guide you AFTER the event.

    I think you lose lots of money using your 'predictive' [= this is what's going to happen] - approach. Expert technical chartists don't do that.

    Don't pre-empt the markets in a biased manner.