ASX Approaching Support, Potential Bounce!

30 בנוב׳ 2018

ASX is approaching our first support at 5586 (horizontal overlap support, 61.8%, 100% Fibonacci extension , 50% Fibonacci retracement ) where a strong bounce might occur pushing price up to our major resistance at 5908 (horizontal swing high resistance, 38.2% Fibonacci retracement ).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.