Hey peeps,
I’m calling this a completed monthly running flat on the ASX. Price has fully retraced back to the long-term trendline and is now reacting and reversing from that level, opening the door for further upside.
We’re not only seeing clear divergence between the higher-timeframe A wave and C wave, but also internal divergence within the lower-timeframe c wave. This confluence significantly strengthens the case for a full corrective completion and a broader trend resumption.
Whether you’re entering early via indicator-based signals or waiting for price action to form a clear, level-to-level structural entry, the path of least resistance from here appears to be higher — making this the most probable next move for the ASX.
#ASX #STOCKS #EQUITIES #TRENDCONTINUATION #SHORTERMTRENDREVERSAL #TRADEINTHEDIRECTIONOFTHETREND #RUNNINGFLAT #FRACTALNATURE
I’m calling this a completed monthly running flat on the ASX. Price has fully retraced back to the long-term trendline and is now reacting and reversing from that level, opening the door for further upside.
We’re not only seeing clear divergence between the higher-timeframe A wave and C wave, but also internal divergence within the lower-timeframe c wave. This confluence significantly strengthens the case for a full corrective completion and a broader trend resumption.
Whether you’re entering early via indicator-based signals or waiting for price action to form a clear, level-to-level structural entry, the path of least resistance from here appears to be higher — making this the most probable next move for the ASX.
#ASX #STOCKS #EQUITIES #TRENDCONTINUATION #SHORTERMTRENDREVERSAL #TRADEINTHEDIRECTIONOFTHETREND #RUNNINGFLAT #FRACTALNATURE
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.