ASX 200 Technical Analysis - Monday, March 22

Elliott Wave Analyst - tradinglounge • Mar 22, 2021 at 11:00 PM EDT

The ASX200 Wave four corrective pattern just got bigger, as the resources and the finance sector apply bearish pressure to the index.

(Video length 00:22:07)

ASX200 CBA, BHP, FMG, IRON ORE, COPPER, AUD/USD Technical Analysis Elliott Wave
Overview: The ASX200 Wave four corrective pattern just got bigger, as the resources and the finance sector apply bearish pressure to the index. The 6700 is still the support, but if it becomes the resistance then it is down to 6650 and possibly 6500
ASX 200 Technical Analysis: 6700 is the market support.
Trading Levels: Market Support is the Medium Level (ML65) 6500 with Resistance at Minor Level mTL8|6800
ASX200 Elliott Wave: Wave iv) Elliott Wave is still in play
ASX200 Trading Strategy: Neutral.

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