Cypher to Break Aussie Flag
ASX200 is in a Bullish Flag configuration, as this equity index (as with many others) is in
a corrective mode.
Within this pattern, a Harmonic may also be in the making. Specifically, a Cypher Pattern with
a 1.41 extension.
Keeping a watch on this index for a move towards 7825-7850.
In a larger scheme, this move is simply a retest of a HTF breakout.
If price holds above 8000 , it would be a bullish sign.
Below 7800, and its back into the Rectangular consolidation.
a corrective mode.
Within this pattern, a Harmonic may also be in the making. Specifically, a Cypher Pattern with
a 1.41 extension.
Keeping a watch on this index for a move towards 7825-7850.
In a larger scheme, this move is simply a retest of a HTF breakout.
If price holds above 8000 , it would be a bullish sign.
Below 7800, and its back into the Rectangular consolidation.
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.