STOCKS: reversal chart patterns
There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
AUD/CAD falling inside sharp correction
- AUD/CAD falling inside sharp correction
- Next sell target - 1.0000
AUD/CAD recently reversed down from the resistance zone lying between the key resistance level 1.0200 (which reversed the previous (b)-wave in June of 2017) and the upper weekly Bollinger Band. The downward reversal from this resistance zone created the weekly Japanese candlesticks reversal pattern Shooting Star. AUD/CAD is likely to fall further toward the next sell target at the next support level 1.0000.
Dmitry Chernovolov
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