Australia All Ordinary Index

The wonder of my new service provider's data base is that it gives me access to the world's indices. I even have the index for Isreal!

Anyway, it is better to look at some indices closer to my location. So Australia should be one that I might be interested in.

I don't know, Australia All Ordinary Index is like many others in the B of the counter waves. The A wave is a 3-wave pattern.

If I consider this a swing move, it should be going to 1,381. I am also looking at a very light wedge so it looks quite firm that The All Ordinary Index would be climbing downward. It is afterall at the upper envelop of the wedge.