Thin line & 3 outcomes for the STI

16 Mar 2020

As annotated in chart, it appears likely to punch further for a lower low, if not by this Wednesday 18/3, then by next Wednesday 25/3. Deviation criteria set but requires a massive rally, which currently looks with low probability, although not impossible.

16 Mar 2020

Not

There is an error in the chart annotations!
for the First condition, the previous low of 2510 must be breached by a lower low.