ASPI update 3/19
https://www.tradingview.com/chart/ASI/2rJcFO64-ASI-3-13/
Index has gotten support from the previously broken rising wedge trendline and bounced back well. However there is a slight chance of making a bearish divergence, unless last HH 9773 is broken. However next major resistance is at 10150-10200 range. Note that it will be a tough one. Once broken Next major resistance will 11000-11200 (GP resistance from ATH to last years low).
NB - I have used multiple fibs to get resistance, but zoomed in for the viewer convenience
Index has gotten support from the previously broken rising wedge trendline and bounced back well. However there is a slight chance of making a bearish divergence, unless last HH 9773 is broken. However next major resistance is at 10150-10200 range. Note that it will be a tough one. Once broken Next major resistance will 11000-11200 (GP resistance from ATH to last years low).
NB - I have used multiple fibs to get resistance, but zoomed in for the viewer convenience
Note
Bearish divergence worked alright :3
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.