aus 200 approaching key resistance level on daily and weekly charts resistance is at 6150 . also RSI is overbought in 4 hours chart.
potential of a short sided trade with first target of 6125 and 6100 in extension with a stop loss at 6175.
It took the ASC 325 days to get to 4300 in 2008 and 35 days to get there in 2020...
Hoping that this time its not going to be as bad, but if it happens... its going to be hard and fast!!
Mn Trendline tolak price.
Chart Pattern di H4 telah bentuk Head n shoulder.
Harga masih boleh teruskan long.
Tiada tanda yang masih kelihatan price nak turun.
H4 Candlestick telah bentuk Morning star. Tanda kekuatan lembu jantan
sondol harga nail.
Buy.
Tp di Sell zone
I'm in, short on the XAT, following initially a 30-min microtrend which is coincident with a potential turning point on the Weekly time frame. In effect this could be a microtrend nested in a macrotrend at this point in time.
hours of research:
So, far, the trend resumes before the rate decision, but new information will break patterns. According to my suspicions and the analysis of the Australian economy, initially, I thought all is lost; however, when I looks at the whole picture; that is, the economic activity, consumer health, the labor market, inflation, the booming housing...
