Maquarie Group Limited MQG.ASX PnF Chart Outlook.

Today’s price behaviour gave us a completed top on the daily as well as weekly charts of MQG.ASX turning the bias to bearish in both timeframes ( Old School Definition Time Frame).This enables us to estimate/forecast the extend of the down move which is shown on the chart. I must also add that the monthly major trend of MQG.ASX is still a bull until proven otherwise.

Here is the 3 Box PnF chart of MQG which is courtesy of tradingview.com.

I will look into All Ords comprehensively over the coming days and make further updates.

Disclosure : Not a holder of MQG.ASX

mqgpnf11102018

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