In the name of Allah, the Most Gracious, the Most Merciful
AU200AUD Big Crash is Coming.
Note: This is only for Educational Purpose this is not Investment advice.
Thanks
Adil Khan.
After falls in the index in the last quarter of 2018, we have see a rally back into the sell zone(87.5% fib).
My target would be around the 5000 handle, which is nearthe 75% fib level on the monthly chart . This area is where the bulls should turn up,
as the index is in a very strong bullish trend on the monthly chart.
Possible Running Flat on AU200, I still think one more up is possible. On weekly this still has a lot of downside potential. I'll wait for a clear confirmation to keep adding. Really nice R:R opportunity
AUS200 is now testing major resistance at 6072 (Fibonacci retracement, bearish harmonic formation, horizontal swing high resistance) and a strong drop could occur at this level to push price down to 6008 support (Fibonacci retracement, horizontal swing low support). We have to watch our for intermediate support at 6034 too (Fibonacci retracement, horizontal...
