ASX approaching resistance, potential reversal!
ASX is approaching its resistance at 6091 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance) where a reversal could occur, causing price to drop to its support at 5962 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support)
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reaction could occur.
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reaction could occur.
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