Description
⋅ XJO has recently broken out of a rising wedge on a daily. MACD has now also crossed, showing bearish divergence on a daily.
Finally, as at today's close, XJO has completed a head and shoulders pattern on an hourly.
The measured move is 150 points to 7,550 although 7,565 looks a little more realistic.
Stops just above the right shoulder at 7,750.
BBOZ time!