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ASX-200: Weekly Dark Cloud Cover and Head and Shoulders

Short
SPDR S&P/ASX 200 FUND (ASX:STW)  
RizeSenpai  
ASX:STW   SPDR S&P/ASX 200 FUND
Chart Patterns Technical Indicators Trend Analysis asx200 darkcloudcover bearishdragon
3
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chartpattern indicator trendanalysis asx200 darkcloudcover bearishdragon
The ASX200 has printed a Dark Cloud Cover visible on the weekly chart within the Potential Right Shoulder of a Head and Shoulders pattern as it breaks down below a Bearish Dragon Trend Line as the RSI enters the Bearish Control Zone. All of this data put together leads me to believe that it will experience some significant bearish price action in the future and that it could go all the way down to the 800-Week EMA.

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