This trade setup on ASX 225 is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 7823.2101.
Supported by Downward sloping Moving Average
Target: 7823.2101 Entry: 7912.5 Stop: 7968.8
DOW 30 has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for
Approaching Support level of 66.12 identified at 10/10 21:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 66.12 within the next 3
DOW 30 is heading towards the support line of a Channel Down. If this movement continues, the price of DOW 30 could test 43634.9500 within the next 2 days. It