Stock market crash.
Everything is in the price chart, sooner economic media claim that the reason of the crash is 2nd wave of coronavirus but it's not, it has technical reason.
You can predict what news will be released by predicting the direction of market trend.
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Welcome to this analysis on AU200.
Australian stocks have been in a bullish trend since March.
Looking at the 12HR chart, It looks like it just broke out of a month-long symmetrical triangle consolidation which should act as a continuation pattern in this case.
The target of the pattern is around 6380$ as long as the price holds above the support of the...
This indicies has a high potential to make a down move/Wave/ on more time,from the technical side. On the fundamental side Covid-19 pandemic 2nd wave is about to start around the world.
Anyway I'd like to suggest you a short position on this instrument, of course you need a risk to reward ratio and risk percentage. Good Luck