AQG Re Visited 13/09/2016.

AQG was covered on 03/09 in depth. I will try and attached the link to that post hopefully with success.http://thecharttechnician.com.au/wp-admin/post.php?post=2671&action=edit

For the low point on 01/09 to be considered a WYCKOFF SPRING or SHAKEOUT, we must see a new breakout, taking us to a new bullish territory. In REAL TIME ANALYSIS, it is very difficult to pick springs, with above average failure rate must also be said. But if it looks like a SPRING, it may well be one. As long as the LOW POINT holds going forward, it increases the probability of it being SPRING. SPRINGS usually RE TESTED. Are we about to see one with AQG ? If so, how do we know that it is a successful retest ?

In the case with AQG a successful retest may be a new HIGHER HIGH CLOSE higher than the high of the bar made on 07/09 which was $3.475. Even if this criteria is met, until such time that we are in a new BULL TERRITORY with a BREAKOUT, it only increases the probability of it being SPRING.

No guarantees in this game as we would all know.

Have we seen one with CBA and TLS as well  perhaps ?  In time we will know.

AQG Daily showing the potential Wyckoff Spring.

Disclosure : AQG held.

aqg13092016

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