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Australia

12 Oct 2018 ‚óŹ 11:22 AM

Australia broke down sharply recently and it was among the few markets holding on. In a few days it broke the ending pattern developing from 20016. Prices topped without touching the upper trendlines in blue or grey and so wae E of the ending pattern is truncated or short. The break means the major trend has changed and any bounce back will be wave iv to the blue broken trendline, what we call a pullback rally before it falls again.

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