ASX is approaching our first support at 5625 (horizontal swing low support, 100% Fibonacci extension) where a strong bounce might occur pushing price up to our major resistance at 5946 (horizontal overlap resistance, 38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price.
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price.
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📓📓Learn Fractal-Based Order Flow:
ofa-course.com
🧑🏫🧑🏫 Author of the Fractal-Based Order Flow Script:
tradingview.com/script/WhQSEfKT-OFA-Order-Flow-Analysis
📧📧 DM me if doubts (100% response rate)
ofa-course.com
🧑🏫🧑🏫 Author of the Fractal-Based Order Flow Script:
tradingview.com/script/WhQSEfKT-OFA-Order-Flow-Analysis
📧📧 DM me if doubts (100% response rate)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.