This weekly chart shows the ASX200 is still on it's way up in the longer term. When you switch it to the daily BBOZ will likely go up meaning the
ASX GOING DOWN.
If prices reject $7.95-$8.11 than more likely keep going down, ASX UP
Weekly: Bearish points!
The Candles are riding the Bollinger band downward.
Prices are under the midline of the Lin Reg
The MFI used...
We are about to have a big drop in the Stockmarket. Anytime now.
The Bollinger band squeeze cannot get any tighter really and the price is sitting on the midline acting as support.
Once we get into the upper Linear Regression (blue) than it will be eminent. We are already there on the daily.
short the stockmarket or long BBOZ
All eyes on this inverted H&S formation for a breakout (4 hour chart). This will also indicate that the index is turning down. There is currently no indication whether the downturn is a temporary retracement or permanent
$BBOZ Daily Chart - Daily candle is a shooting star indicating a reversal, at a previous resistance zone with diverging RSI. This adds to the conviction of a potential change in direction. We have also not seen a retest of the breakout levels, so caution is advised
I have sold off all capital and moved to BBOZ 2x Leveraged SHORT TMF. high risk but i live for the biscuit!!
massive amount of bearish div. across multiple time frames on RSI
large long term distribution pattern (megaphone or expanding / diverging wedge)
new ATH on index
fractalised bearish patterns.
parabolic year to date, floundering and failing housing...