Thursday, 14 April 2016

ASX 200 forming a bearish Head and Shoulders continuation pattern?

Not a high confidence scenario at this time, but I thought it was worth a mention. Market needs to turn down from pretty near current levels, or it'll be scratched. The larger trend is down, so I will keep looking short unless/until the market breaks upwards from the downwards biased choppy range, bounded by blue lines in the chart.

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