BETAAUS200
Formed a W Formation. We still need a strong break above the neckline before we see any potential upside.
7>21>200
RSI >50
Target 143.00
Bullish
ABOUT:
BetaAUS200 is a financial term that refers to the beta (a measure of volatility or risk) of the Australian Securities Exchange (ASX) 200 index.
The ASX 200 index is a benchmark index that tracks...
ASX200 daily- Rising Wedge + Failed to break 38.2% Fib retracement.
According to Thomas Bulkowski "Rising Wedges, especially for downward breakouts, are some of the worst performing chart patterns. Downward breakouts have an unacceptably high failure rate and small post breakout declines. Also, throwbacks and pullbacks occur 72% of the time."
Breakout for...