S&P/ASX IndexShort
AUS200: SHORT Fibo Retracement
Updated
We can see on the daily chart that the RSI is above the 70 level and the minors charts are also going back below the 70 level showing it´s losing strenght to keep going higher. If we draw the fibo retracement it might have a retracement until the support line in yellow. I´m not gonna wait until the support because it´s below the 50% retracement level, so my take profit will be at 6300 level. Good lucky folks!
Trade closed: stop reached
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