joasia

Possible H&S breakout to downside with 5,022 target

Short
ASX:XAO   All Ordinaries Index
The breakout has not yet occurred, but we are today sitting on the neckline and so a breakout to the downside could be imminent. Note that the second shoulder did not reach the height of the first shoulder, however, other aspect of the pattern remain in place.
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.