Where from here with XAO 21/08/2015 ?

Bearish developments continue with the broader  world markets including XAO. Our main focus is XAO and further analysis over the weekend would be forthcoming. But for now, it may be reasonable to assume that the previously posted 5200 tentative bearish price objective may be met soon. In the event that it did, I have drilled down the most recent top with finer chart ( smaller box size ), for further insights, as to where this current correction may end. If and when the prior 5200 bearish price is met, the new tentative price objective would be 4820 to replace it. Wyckoff Horizontal Count Method is used.

As always the price objectives are rough estimates which may or may not be met  or even exceeded.

Disclaimer

All the information and analysis provided on this website is general in nature and for educational purposes only and does not constitute financial advice. No content in any way implies a recommendation to buy, sell or short sell any financial instrument, nor is it financial advice.

Investing and trading in financial markets carries considerable risk, and should always be done in consultation with a licensed financial adviser taking your personal circumstances, financial situation, objectives and needs into consideration.

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