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AriasWave
Jan 7, 2021 3:15 AM

ASX - Wave Revision - Wave E In Progress Short

S&P/ASX index of Australian listed sharesFXCM

Description

Unlike the Dow Jones it appears that the ASX has seen the end of Wave D.

We are dealing with an ending diagonal Wave E.

We have already seen Wave i and it appears Wave ii is almost complete.

Resistance is 6775 so this would be a good stop level.

I am shorting this from the highs until I see a completed Wave iii Zig-Zag to the downside.

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