On September 12. I had an post regarding The Australia Ordinary activating a minor Shoulder/Head/Shoulder to (Please see the link below):We stop just above the ideal target and today we broke above the minor falling resistance-line telling us, that we have an bottom in place.
As we didn't break below the mid- August bottom at 3,829.40 the best fit at this point in time is, that we have seen a fifth failure at 3,905.20. We should now see wave 2 of [C] headed for the 4,424 - 4,484 area, from where we should see wave 3 down towards at least 3,317 area.
Short term look for a move towards 4,200 followed by a minor retrecement back to 4,000 and the one more rally towards our target area near 4,424 - 4,484.
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