Selling ASX

2019年11月29日

Notice after the gaps been closed, the price action kept hovering around this price level,
making it a strong support level.

Last 2 red candles are highly bearish, pin bars and likely to falls back to the support level again.

SELL

2019年12月2日

ノート

not out of the woods yet until the candle closed below the red trend line.

2019年12月3日

ノート

beautifully executed. Now it sits in the support/buy zone. Let's wait for the end of day price action before determine if price is going to heads further south or rebound.

2019年12月3日

ノート

Look at the candle on 3 Oct, now the price action has reached the same level , it could stage a rebound. Else, we can expect price to deteriorate and heads further south towards 74.88.

2019年12月16日

ノート

Now this chart makes more sense when you can see the recent 1 week performance. See how strong the price action settles between 79.25 and 80.19 as the buying zone. It is now out of the bearish trend line after 5 long months. Sunny days ahead, Down Under and tomorrow, when and if the price action retrace, it would be a great buying opportunity.