S&P/ASX IndexShort
ASX - Bearish Divergence - SELL
Good morning traders,
The ASX has reached a key level failing to break above the inclining channel.
There is currently a bearish divergence on the RSI followed by an inclining wedge formation.
With global indices looking very fragile at the moment due to the Coronavirus, Impeachment and earnings season in the US, the ASX could follow suit.
Any comments are welcome!
The ASX has reached a key level failing to break above the inclining channel.
There is currently a bearish divergence on the RSI followed by an inclining wedge formation.
With global indices looking very fragile at the moment due to the Coronavirus, Impeachment and earnings season in the US, the ASX could follow suit.
Any comments are welcome!
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