What a crazy day of trading that was, trading range got squeezed down for hours and then we dropped and rocketed a good few hundred dollars. Anyway, if we zoom out of the lower time frame charts we tend to get stuck on, have a look on the daily we are getting close to a breakout on the daily, We have some bullish divergence and that last push brought us close to breakout, if we can push past 7300, we may get some fomo volume in and bring us back on the road to 10k. This is a wait and see scenario, keep an eye on it and see how it plays out, plenty of waves up and down in the meantime.
Good Luck and Happy Trading
G'day
Thanks for dropping by, hopefully, you garner something valuable from my post, be it educational or an idea towards a trade of your own. Please share, like and comment and engage with me, I am here to help. Trader, Chart analyst, and all round larrikin. Reside in NQ Australia, surrounded by Crocodiles, snakes & giant spiders, not to mention the boxing Kangaroos and devilish Drop bears. It makes my job quite hazardous but strewth mate, I love it.
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Closing in on the breakout but could still fall to 6500 first.
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Wrong chart, this would be what it would look like if we use closed instead of Wicks, this is the correct Chart.