ASX testing its resistance, potential to drop!

2018년 4월 2일

ASX is testing its resistance at 5765 (23.6% Fibonacci retracement, horizontal overlap resistance, descending resistance line) where it could potentially fall to its 1st support at 5738 (78.6% Fibonacci retracement, horizontal swing low support). If it breaks past this level it could fall to its 2nd support at 5680 (horizontal swing low support). We have also identified another resistance at 5806 (61.8% Fibonacci retracement, horizontal overlap resistance).

RSI (89) is being held down by a corresponding descending resistance line which contributes to our bearish bias.

2018년 4월 3일

노트

ASX broke past its support and dropped strongly downwards. Nice!