XJO Short - Head and Shoulders, MACD Bearish Divergence

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XJO has recently broken out of a rising wedge on a daily. MACD has now also crossed, showing bearish divergence on a daily.

Finally, as at today's close, XJO has completed a head and shoulders pattern on an hourly.

The measured move is 150 points to 7,550 although 7,565 looks a little more realistic.

Stops just above the right shoulder at 7,750.

BBOZ time!
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Trade is approaching target.
Head and ShouldersOscillatorsWedge

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