Australia 200Short
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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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.