ASX approaching resistance, potential drop!
ASX is approaching our first resistance at 5790.8 (horizontal swing high resistance, 23.6% fiboancci retracment, 100% fibonacci extension) where a strong drop might occur pushing price down to our first support at 5655.3 (38.2% fiboancci retracement, horizontal overlap support).
Stochastic (89,5,3) is also approaching resistance where we might see a corresopnding drop in price.
Stochastic (89,5,3) is also approaching resistance where we might see a corresopnding drop in price.
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