ASX200: Thoughts and Analysis
Pattern – Continuation HL
Support – 7035
Resistance – 7100
Hi, and thanks for checking out today's update. Today, we are looking at ASX200 on the daily chart.
Today's video asks if the ASX200 will confirm a continuation price pattern we are watching develop on the daily price chart. Buyers look okay after holding support and forming a bullish bar in today's session. The worry is the fade we are seeing. If the price fails to hold above yesterday's open, that's also a worry.
Other than that, we have the MA pointing up with an LH and a support hold after the new leg higher breakout, all showing buyer support. Let's see if we can see a confirmation bar on Monday if we get a trigger bar today.
Good trading.
Support – 7035
Resistance – 7100
Hi, and thanks for checking out today's update. Today, we are looking at ASX200 on the daily chart.
Today's video asks if the ASX200 will confirm a continuation price pattern we are watching develop on the daily price chart. Buyers look okay after holding support and forming a bullish bar in today's session. The worry is the fade we are seeing. If the price fails to hold above yesterday's open, that's also a worry.
Other than that, we have the MA pointing up with an LH and a support hold after the new leg higher breakout, all showing buyer support. Let's see if we can see a confirmation bar on Monday if we get a trigger bar today.
Good trading.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.