ASX is approaching our first support at 5625 (horizontal swing low support, 61.8%, 100% Fibonacci extension ) where a strong bounce might occur pushing price up to our major resistance at 5946 (horizontal overlap resistance, 38.2% Fibonacci retracement ).
Stochastic (55,5,3) is also approaching support and seeing a bullish divergence where we might see a corresponding bounce in price.
Stochastic (55,5,3) is also approaching support and seeing a bullish divergence where we might see a corresponding bounce in price.
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