ASX 200 Technical Analysis - Monday, March 22

(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.  

Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

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