ASX200 forms Bullish Cypher Pattern, good to buy at dips
Harmonic Pattern - Bullish Cypher Pattern
Potential Reversal Zone (PRZ) - 4850
The index has retreated till 4883 after making a high of 5035. It is currently trading around 4894.
On the lower side major support is around 4850 and any break below will drag the index down till 4815/4785.
Major resistance is around 4930 and any break above targets 4980/5020/5035.
It is good to buy at dips around 4850 with SL around 4815 for the TP of 4930/4980
Potential Reversal Zone (PRZ) - 4850
The index has retreated till 4883 after making a high of 5035. It is currently trading around 4894.
On the lower side major support is around 4850 and any break below will drag the index down till 4815/4785.
Major resistance is around 4930 and any break above targets 4980/5020/5035.
It is good to buy at dips around 4850 with SL around 4815 for the TP of 4930/4980