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S&P ASX 200 crucial price points to watch 3/8/2020
The Index closed Friday's session down more than 2% but managed to close just above a critical point at 5191.20, which was also in line with the bottom of the price channel , as indicated on the H 4 price chart.
5191.20 will be the first crucial point to watch on Monday's session; the Index will need to hold above this point to head back up. If successful, 5998. 40 and 6046.70 could be its immediate targets. The Index could fall further down to 5870.88 and 5791.00 if it fails to hold above 5191.20
The Index closed Friday's session down more than 2% but managed to close just above a critical point at 5191.20, which was also in line with the bottom of the price channel , as indicated on the H 4 price chart.
5191.20 will be the first crucial point to watch on Monday's session; the Index will need to hold above this point to head back up. If successful, 5998. 40 and 6046.70 could be its immediate targets. The Index could fall further down to 5870.88 and 5791.00 if it fails to hold above 5191.20
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