Cabana Capitals Blog Technical Analysis ASX 225 short term bearish trade setup to 8094.0000

ASX 225 short term bearish trade setup to 8094.0000

ASX 225 short term bearish trade setup to 8094.0000 post thumbnail image

ASX 225 is heading towards a line of 8094.0000. If this movement continues, the price of ASX 225 could test 8094.0000 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.

Supported by Downward sloping Moving Average

Target: 8094 Entry: 8179 Stop: 8215.509

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