It just hadn't much time to overcome my forecast, since structure is still in place I call for a gapdown tomorrow and continuation of the decline, at least until we make a new low under 1026. That may be the place, around the 1020's where a reversal can occur for a wave 2 rebound.
But going against the main trend is nuts, so my goal is not to find bottoms but tops so I can short the rallies. I don't intend to exit positions at possible bottoms in risk of losing the train.
I leave you the chart of today's close that served as forecast:
Australian Central Bank raised the rates by 25 basis points, nothing that we haven't foreseen.
Cheers!
