The Australia 200 looks to have formed a nice symmetrical triangle pattern with 5 waves complete. Price is above both the 50dma and 20dma providing some bullish confirmation. Target is the 61,8% fib which is also at the 100dma
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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.