ASX 200 first local low.
Updated
Forgot to update this when it did pivot. Have been busy trading crypto again due to bitcoins recent movement.
Anyway, bull div on the fisher, MACD very much over sold and the bogglett bull divved too.
I was wrong about testing the 6k zone in my other post, we didn't go as high as I expected. However, I am expecting to break the previous high of 5945. The steep trendline has broken and markets have been green since. American companies have been coming out with their earnings and the DJI looks good for a temporary reversal too.
In my previous chart, I mentioned some green movement with a catalyst event occurring that would take us into the current zone. I was right regrading earnings... though of course, it may have not been the only catalyst.
abc.net.au/news/2018-10-25/dow-jones-wipes-out-2018-gains-wall-street-tumble/10405232
"There have also been disappointing quarterly earnings from several big-name companies"
Anyway, bull div on the fisher, MACD very much over sold and the bogglett bull divved too.
I was wrong about testing the 6k zone in my other post, we didn't go as high as I expected. However, I am expecting to break the previous high of 5945. The steep trendline has broken and markets have been green since. American companies have been coming out with their earnings and the DJI looks good for a temporary reversal too.
In my previous chart, I mentioned some green movement with a catalyst event occurring that would take us into the current zone. I was right regrading earnings... though of course, it may have not been the only catalyst.
abc.net.au/news/2018-10-25/dow-jones-wipes-out-2018-gains-wall-street-tumble/10405232
"There have also been disappointing quarterly earnings from several big-name companies"
Note
I have just realised that this is a split screen with BTC lol oopsie.
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