Tuesday, 24 November 2015

ASX 200 headed below 3000 before the end of 2016

Monthly chart illustrates the most likely scenario for the coming 12 months. There has been no price action at lower timeframes to even hint that a lasting low is in.



Daily chart shows trend is down. No reason to doubt that this market will continue lower, which would confirm the break of trend line support on the monthly, and then < 3000 here we come.
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