S&P/ASX200 Will be crashHello we are part of a new community called lucky trading club in tradingview so let's begin our first analysis.
Asx200 will be crash, we have a eqh on 7600 with a lot of liquidity it was already taken last friday, also we have an harmonic pattern in the range of 7500-7650.
This is asx200 ATH when all institution begin to sell gradually, inflation still growing is the worst australian inflation in 33 years, rba will continue raising interest rates 50bps at 7 February.
In ressume a lot of confluences to take this short position.
Type of trade: Swing.
Entry: 7580-7650
Our targets
Target 1: 7450
Target 2: 7300
Target 3: 7000
Target 4: 6850
Max x20