Cypher to Break Aussie Flag
ASX200 is in a Bullish Flag configuration, as this equity index (as with many others) is in
a corrective mode.
Within this pattern, a Harmonic may also be in the making. Specifically, a Cypher Pattern with
a 1.41 extension.
Keeping a watch on this index for a move towards 7825-7850.
In a larger scheme, this move is simply a retest of a HTF breakout.
If price holds above 8000 , it would be a bullish sign.
Below 7800, and its back into the Rectangular consolidation.
a corrective mode.
Within this pattern, a Harmonic may also be in the making. Specifically, a Cypher Pattern with
a 1.41 extension.
Keeping a watch on this index for a move towards 7825-7850.
In a larger scheme, this move is simply a retest of a HTF breakout.
If price holds above 8000 , it would be a bullish sign.
Below 7800, and its back into the Rectangular consolidation.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.