ASX200 breaking below the significant resistance

ASX200 broken top

 

ASX200 is breaking below the 6920 resistance. This is also a consolidation top triangle breakout resistance that marks the topping pattern finished and the start of the significant downside reversal. The first target zone on the downside is 5400-5600.

Note: look for the short trade entries with the stop loss above 6870

 

ASX200 downside breakout

 

 

 

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