I'm not normally one for pointing out patterns before they're close to trigger, but this ASX (XJO, AUS200 whichever you follow) has a beautiful H&S pattern emerging having now made a distinct lower high from the 5600 area. It will be interesting to see how it handles the overhead resistance this week but I'll be watching this like a hawk if we see further downside...
Sellers may have completed this wave of selling. This is a potential compound selling climax, as the 5 June potential did not hold. These compound potential selling climaxes are high-probability trades.
