XAO - Australian All Ordinaries - retracement happening

Although the long term trend is down for XAO, there could be gains opportunities along the way in shorter time frames. We are now seen an Intermediate ABC pattern that should complete primary wave 2 when it's complete. We may see a wave B retracement between 4800 and 4900 points before gain opportunities arise in the intermediate wave C up. FOLLOW SKYLINEPRO TO GET UPDATES.

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XAO retraced to 5,063 and continue its path, near the forecasted level.