ASX200 Charts Review…still looking weak!!

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ASX200 Charts – Daily and 30 Minute Updated!!

The ASX200 is has taken a hit since the last update. Price is heading south into a major support area which bulls will want to hold. Price is currently in a wider ranging pattern on the daily between 6887 and 7640 (ASX200 CFD). If price breaks out through support convincingly, then expect to see a shock to the downside. The Daily is extended lower while the 30min has more to go and is being anchored down at 7104. If the anchor at 7104 breaks on a move up, expect to see a move back into recent highs. For now, the pressure is down and it is time to be conservative.

For a more detailed technical view of Macro markets, check out my recent TradingView post here.

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ASX200 Daily Chart

ASX200 30 Minute Chart

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