Technicals | Mar 31 2014
By Nick Linton-Ffrost
We are working on the view that the ASX 200 (XJO) has completed a fourth wave rally from 5280 to 5400 which should be followed by a fifth leg lower towards 5230.
A break below 5320-5230 should be enough to start the ball rolling while a move above 5400 negates our view. If the plan comes together the move should take around 3-5 days.
Another trading idea from
Fifth Wave | fwtc.com.au
FW generates over 150 Trading Alerts on the ASX100 each year. We are a subscription service specialising in short term technical strategies based on 27years experience.
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