Just thought I'd start a thread just on analysing the XAO. Anyone who has a diffent version of where they think the All Ords might be heading please feel free to post an alternate, or different perspective.
This might be an opportnity for any other T/As to put their particular analysis on where the XAO is going. Fib? Gann? EW? Would like to see any of that overlayed on my simple charting.
By my reckoning looks to be getting heady again. In the upper ranges of the general tend, hovering on upper BB and over 80 on stochastics. Might be due for a pause. Support established at 5100, which might be around where it'll pull back to and where the 200d ma will probably hit the line if it does fall back to that level. MACD turning which could also indicate the start of some more consolidation, before heading north again.