I'm not normally one for pointing out patterns before they're close to trigger, but this ASX (XJO, AUS200 whichever you follow) has a beautiful H&S pattern emerging having now made a distinct lower high from the 5600 area. It will be interesting to see how it handles the overhead resistance this week but I'll be watching this like a hawk if we see further downside in this index!
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A move in the right direction today :)
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We actually traded as high as 1.22259 today. Will be nice to see some follow through during the US session.
Trade active
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Ignore that its for the wrong idea!!!!!!!!
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Trade is not active on ASX!!
Order cancelled
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Nearly triggered!
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Please note - H&S pattern has triggered however I will not be opening any new positions until after the election tomorrow. Good luck to everyone and remember stay safe and manage your risk!