ASX LIMITEDShort
Selling ASX
Aggiornato
Notice after the gaps been closed, the price action kept hovering around this price level,
making it a strong support level.
Last 2 red candles are highly bearish, pin bars and likely to falls back to the support level again.
SELL
making it a strong support level.
Last 2 red candles are highly bearish, pin bars and likely to falls back to the support level again.
SELL
Nota
not out of the woods yet until the candle closed below the red trend line.Nota
beautifully executed. Now it sits in the support/buy zone. Let's wait for the end of day price action before determine if price is going to heads further south or rebound.Nota
Look at the candle on 3 Oct, now the price action has reached the same level , it could stage a rebound. Else, we can expect price to deteriorate and heads further south towards 74.88.Nota
Now this chart makes more sense when you can see the recent 1 week performance. See how strong the price action settles between 79.25 and 80.19 as the buying zone. It is now out of the bearish trend line after 5 long months. Sunny days ahead, Down Under and tomorrow, when and if the price action retrace, it would be a great buying opportunity.
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