Market Snapshots

AUS200 Wave Analysis – 06 March, 2020

AUS200 Wave Analysis – 06 March, 2020
  • AUS200 falling sharply
  • Further losses likely toward 6000.00

AUS200 falling sharply after the earlier breakout of the two major support levels – 6350.00 (monthly low from August) and 6350.00 (monthly low from May of 2019).

Both of the above breakouts accelerated the active impulse waves (C) and 3.

AUS200 is likely to fall further toward the next round support level 6000.00 (projected level for the termination of the active short-term impulse wave 3).

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