Bigger time frame up Price didn't break last higher low And so clear pattern
AU200 has made the top of 7650 and recently retest it, making double top pattern. Double Top usually considered as a bearish sign and the said instrument shift its trend from bullish to bearish. Currently AU200 is likely to be in distribution phase and its base support lie on 7130. If this horizontal level is taken out, bears will be active in it and the...
AU 200 has just completed an expanding triangle at the 5 count. We are also at support and we can see failures to make new lows. We should look to go long here. If we aim for the 1.272 our target would be at the 7789 mark, there will be bumps along the way!
AU200 has just completed a 5 count reversal on the daily. Market has just taken out all new stops in June/July. This is an indication to go Long First target would be in the top third of the box Thank you
AUS200 is now testing major resistance at 6072 (Fibonacci retracement, bearish harmonic formation, horizontal swing high resistance) and a strong drop could occur at this level to push price down to 6008 support (Fibonacci retracement, horizontal swing low support). We have to watch our for intermediate support at 6034 too (Fibonacci retracement, horizontal...