AU200 Bearish Reversal Price Action, watch for sell
Hello traders
Most of the indices are looking pretty bearish across the board.
Here for the ASX, after the bearish impulse phase down, price had formed into an ascending channel reversal, and a "M" structure at the top.
These are good sign of bearish development, that could continue the bearish trend.
Last Friday we also see price commit to the downside more with impulse move,
now we can wait for continuation to confirm more downside to the next lows.
Higher time frame:
Thank you
Related publications
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.