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.
Penafian
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