ASX SSM breaking out of a long term resistance. Had to comedown to monthly to capture the trend line. Breakout bar is significant, but the volume is not significant.
ASX NIC has put in an ABCDE correctional wave and the completion of the correction to be confirmed by break of wave D - Purple line.
Hopefully still continues the wave pattern to start the impulse waves - dashed arrows
ASX VEA took support at a long term trend line and forming the potential start of impulse wave 3. Wave 1, 2 and now 3 are longer term wave patterns, resulting in longer term trends with potential ups and downs - impulse and corrections while getting to the wave 1 high initially and then beyond.
ASX NIC broke the correction wave B high. Indicating a potential Wave 1 formation.
Wave 1 are typically small to enter into a meaningful trade in terms of returns. Best to wait for retracement Wave 2 and enter at the beginning of Wave 3.
