AUS200 has consistently continue to show a bullish continuation chart pattern.
On the daily time frame chart, the price AUS200 has been spotted forming a continuation chart pattern called THE ASCENDING CHART PATTERN.
The ascending chart pattern has continue to prove to be a more reliable chart pattern for trader, giving them more confidence when think of what level to take a trade. The chart pattern shown above, gives traders level to open a long position as the 100-day moving average is clearly showing a bullish continuation chart pattern. The 100-day moving average is serving as a support for price, each bounce gives a clear continuation in price to the upside. The ascending triangle chart pattern become valid when the body of the candlestick close above the horizontal resistance level.
Breakout level: $6919.1
Resistance 1: $6984.7
Resistance 2: $7084.5
Resistance 3: $7211.6
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice.
On the daily time frame chart, the price AUS200 has been spotted forming a continuation chart pattern called THE ASCENDING CHART PATTERN.
The ascending chart pattern has continue to prove to be a more reliable chart pattern for trader, giving them more confidence when think of what level to take a trade. The chart pattern shown above, gives traders level to open a long position as the 100-day moving average is clearly showing a bullish continuation chart pattern. The 100-day moving average is serving as a support for price, each bounce gives a clear continuation in price to the upside. The ascending triangle chart pattern become valid when the body of the candlestick close above the horizontal resistance level.
Breakout level: $6919.1
Resistance 1: $6984.7
Resistance 2: $7084.5
Resistance 3: $7211.6
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice.
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.
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.