and the comment ?
"XAO has to fire if rally ( In All markets ) is "good buying" XAO is right at a nice support where there has been "absence of supply" previous..
needs to now play catch up. It has been the end of the financial year so we see.XAO led mkts down
COMPARATIVE STRENGTH AND WEAKNESS ( SO IMPORTANT )
A "STUDY OF RESPONSES"
D is at the moment much weaker than C
If XAO MOVES UP from here. It makes a BULLISH STATEMENT
Remember TEST==> RESPONSE==> TEST ==>RESPONSE
EVERYTHING ( BOX, COLUMN, PHASE ) is BOTH a RESPONSE and A TEST.
A DIALECTIC.. Important ==>
A DIALECTIC.. Important ==>
What happened ?
The chart above was poised at the green 7
Do not underestimate the importance of the BIG PICTURE
Motorway
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