On a monthly basis, the Australia stock market prints a pending bearish shooting star. The pending exhaustion is part of the lead-in phase of the bump and run bottom reversal. There is a high probability of a downside bump phase, that is notable for this type of pattern.
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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.