ASX approaching resistance, potential drop!

14 thg 1, 2019

ASX is approaching our first resistance at 5790.8 (horizontal swing high resistance, 23.6% fiboancci retracment, 100% fibonacci extension) where a strong drop might occur pushing price down to our first support at 5655.3 (38.2% fiboancci retracement, horizontal overlap support).
Stochastic (89,5,3) is also approaching resistance where we might see a corresopnding drop in price.