The ASX 200 Australian Index (S&P/ASX 200) Daily Diagram Technical Analysis Training shows the following:
The ASX200 declined from the top of the uptrend channel for another time (4th time) and approach the KUMO as we said in previous post.
So the first think in mind is the case of the KUMO support. MACD and RSI both are bearish.
We have no special candlestick pattern. The index is into the KUMO and under the Kijun Sen (blue line) and under the Tenkan Sen (green line).
There is no special pattern.
Stay aside. If on Monday the index get out of the KUMO then Long for Tenkan Sen. Otherwise wait and see the behavior of index towards to bottom of the channel.
The ASX200 declined from the top of the uptrend channel for another time (4th time) and approach the KUMO as we said in previous post.
So the first think in mind is the case of the KUMO support. MACD and RSI both are bearish.
We have no special candlestick pattern. The index is into the KUMO and under the Kijun Sen (blue line) and under the Tenkan Sen (green line).
There is no special pattern.
Stay aside. If on Monday the index get out of the KUMO then Long for Tenkan Sen. Otherwise wait and see the behavior of index towards to bottom of the channel.
