ASX200 weakness is squeezing on bulls but will we see a selloff

2020年10月1日

The ASX200 has rolled over since the last alert and holding lower highs. Price is at an important crossroads now as it holds above 5970 and below 6010. A break up through 6010 will get the bulls excited and lead to a push up to 6200. A hold below 5925 and move down through 5970 will trigger further selling and pressure lower as buyers are forced to close out. We favour the sell side so will be watching for an entry of further weakness but either way, the next few days will be important.

-------------------------------------------------------------

WE TRADE WHAT WE TEACH

Check out our recent Live Streams from our profile page!!

-------------------------------------------------------------

** If you enjoy our free content, please support and follow our profile, by hitting the Follow button to get further high quality ideas. **

** If you are following our ideas any comments and likes are most welcome and will be greatly appreciated **

** With quality alerts and correct Risk Management, you can learn consistency and grow your account **

** With quality portfolio management and defined risk levels to help your account grow and achieve steady profit targets while increasing your trading edge. **