AUS200: Bearish Signal with Key Supports in Focus
Hello,
AUS200 index faced rejection at the 1W pivot point (PP) and closed below the 1M PP, signaling a clear bearish confirmation. If the strong 1M support at 8226.122 fails to hold, further downside is likely, but only if the price breaks and consolidates below this level. Additionally, keep an eye on the next support at 8211.454. If both these supports give way, we can expect the price to move towards the 1Y PP.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
AUS200 index faced rejection at the 1W pivot point (PP) and closed below the 1M PP, signaling a clear bearish confirmation. If the strong 1M support at 8226.122 fails to hold, further downside is likely, but only if the price breaks and consolidates below this level. Additionally, keep an eye on the next support at 8211.454. If both these supports give way, we can expect the price to move towards the 1Y PP.No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
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