AUS200-bearish scenario "IF" recent run was a DEAD CAT BOUNCE
AUS200 made a low of 6401 on 3rd Oct 2022 & bounced up by more than 400 pts to print a high of 6811 on 5th Oct 2022
But what if this was just a dead cat bounce and not an actual reversal from the longer term downtrend? In that case, I see the next 2 weeks to trade as per the path shown in the chart - time frame is 4 HOURS and not all end points are supposed to be met.
INVALID if we break above 6850 in a day or two.
But what if this was just a dead cat bounce and not an actual reversal from the longer term downtrend? In that case, I see the next 2 weeks to trade as per the path shown in the chart - time frame is 4 HOURS and not all end points are supposed to be met.
INVALID if we break above 6850 in a day or two.
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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.