ASX dump. 6000 did not hold!
I did not expect such strong selling through the 6000 level so soon. I was honestly expecting a bounced at 6000 with long term support (trend line) holding.. I guess THEY had other plans ;)
The selling occurred due to the
DJI breaking support and dipping just under 6%.
Second target in sight, however, the fisher and RVGI are both over extended so I expect some green action to come next week. I will need to revisit at todays close to determine if this may occur or not, the current candle stick is already a sign of reversal and it is approx 1:30pm.
I will also link the DJI chart for reference of support break.
Reminder to check my last charts in related ideas. Previous chart called for 6000 being reached within 5 work days.
The selling occurred due to the
DJI breaking support and dipping just under 6%. Second target in sight, however, the fisher and RVGI are both over extended so I expect some green action to come next week. I will need to revisit at todays close to determine if this may occur or not, the current candle stick is already a sign of reversal and it is approx 1:30pm.
I will also link the DJI chart for reference of support break.
Reminder to check my last charts in related ideas. Previous chart called for 6000 being reached within 5 work days.
Note
We will have a green week next week.
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Publications connexes
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.