Market Snapshots

AUS200 Wave Analysis 27 October, 2020

AUS200 Wave Analysis 27 October, 2020

• AUS200 reversed from resistance area

• Likely to fall to 6000.00

AUS200 recently reversed down from the powerful resistance area lying between the long-term resistance level 6200.00 (which has been reversing the price from the start of June) and the upper daily Bollinger Band.

The downward reversal from the resistance area started the active short-term downward impulse wave C.

AUS200 is likely to fall further toward the next round support level 6000.00 (former resistance from the middle of September).

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