Potential for pull to fib 61.80% - 50% zone. Look to short from there with stops consider above previous recent high.
Targets can be found on support 1 or fib 78.60%, daily charts. Daily charts on uptrend with a gravestone doji at top on the uptrend. If daily charts close below we could see a great reversal opportunity.
I posted this trade idea a couple weeks back about the ascending wedge in the xjo, the 6500 handle has presented itself again. Target areas could be seen at 78.6% Fib level or Support 1 for closer targets.
Potential reversal from recent swing high. indecision candle yesterday, if we get a lower close on today's candle it could confirm a shorting opportunity.
Entries could be considered at 50% Fib handle. Stop could be consider just above Fib 38.2% handle.
ASX200 @ all time highs, ascending wedge has formed with yesterday candle closing as an inverted hammer.
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Potential to reach next level down on Fib - retracement...
Strong resistance not far off. Good chance it could head back to resistance.