wsbza

expecting new lows?

FX:AUS200   S&P/ASX Index
22 0 5
The structure so far looks like a simple abc correction
But RSI also made a new low while price was moving down

I am more inclined towards a new low which may give us a even bigger potential bearish case in the daily chart
Comment: divergence in play, expecting some rally at least

Comment: could be a 3rd wave
Comment: if price break 5304 it would suggest he rally since 28 June was 3 waves
expecting a much larger scale trend reversal

bearish look as follows
Comment: 1234? took a short with a very tight stop
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