1 year ago

XJO Double bottom?

With the current uncertainty in the Global markets, the reality of Greece exiting the Euro is looking more likely.
The daily chart show the potential double bottom formation.
Volumes also signal further weakness, although with a Greek resolution, we will be looking back from a higher place at the double bottom in place.
A Friday close below this level would be very bearish in the short term.
A close below this level on a weekly basis would also signal a primary Down Trend in place.

XJO Daily1