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BlueHatInvestor
Aug 20, 2023 11:05 AM

AU200 Short-Med Term Outlook Short

Australia 200Capital.com

Description

Anticipating short-term bounce to fill gaps, re-test 23.6% Fib zone & create opportunities for Short positions.

Selling 'should' re-commence in September to test lower range re: parallel channel, in-line with Market Seasonality.

Over-extension into Golden Fib Range could signal warning of more extreme market capitulation (~6400).

Depends on break-outs either side of current indecision candle/price action, TBC.
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