Australia 200Short
ASX approaching resistance, potential reversal!
ASX is approaching its resistance at 6091 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance) where a reversal could occur, causing price to drop to its support at 5962 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support)
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reaction could occur.
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reaction could occur.
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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.