The ASX200 has reached last year's high, and bulls have attempted to push the price higher, and we have seen a failure for demand on the weekly for the last two weekly candles.
Seasonality - Risk off.
Price is reached MM3 pivot.
If support is breached on the hourly -8592 and the hourly candle closes, and the next candle restest this area then the trade plan is to short.
Targeting - WKM1 - 8506.
Seasonality - Risk off.
Price is reached MM3 pivot.
If support is breached on the hourly -8592 and the hourly candle closes, and the next candle restest this area then the trade plan is to short.
Targeting - WKM1 - 8506.
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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.