SkylinePro

XAO - downtrend to new lows ahead

Short
ASX:XAO   ALL ORDINARIES
XAO just reached 0.618 retracement of primary wave 1 down and completed the counting of five waves for the completion of intermediate wave C. For higher confirmation a move below 5,600 would almost eliminate the contrary odds. The next move should be in direction to levels below 4,500. If prices continue to rise a next target would be 6687, before the trend turns down. FOLLOW SKYLINEPRO TO GET UPDATES.

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