AU200 sell off to continue
So far AU200 did not show divergence neither on 4h nor daily timeframe, therefore probability of continuation of the downtrend is pretty high. A pretty nice triangle (i.e. must be 4th sub-wave in a motive wave) has been building from mid June and looks complete by that moment.
Probably would be wise to wait for confirmation in a form of a break-out of a bottom of the triangle and step in around 6,555 area for may be 350 points profit.
Probably would be wise to wait for confirmation in a form of a break-out of a bottom of the triangle and step in around 6,555 area for may be 350 points profit.
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