I'm not normally one for pointing out patterns before they're close to trigger, but this ASX (XJO, AUS200 whichever you follow) has a beautiful H&S pattern emerging having now made a distinct lower high from the 5600 area. It will be interesting to see how it handles the overhead resistance this week but I'll be watching this like a hawk if we see further downside in this index!
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A move in the right direction today :)Note
We actually traded as high as 1.22259 today. Will be nice to see some follow through during the US session. Trade active
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Ignore that its for the wrong idea!!!!!!!!Note
Trade is not active on ASX!!Order cancelled
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Nearly triggered!Note
Please note - H&S pattern has triggered however I will not be opening any new positions until after the election tomorrow. Good luck to everyone and remember stay safe and manage your risk!
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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.