ASX200 – DAILY CHART price action analysis (23-June-2015)

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Price in recent days has smashed up and above daily support level and is now moving higher to what could be a really potential high probability resistance level to look for short trades on the daily chart.

This resistance in very recent time has been both a support and also a major resistance all in the space of the last six months on the daily chart showing just how important this level has been to this market.

If price ASX200 can move higher and into the resistance I will personally be watching all time frames for price action to look to get short.

Daily Chart

1AUS200Daily

 

 

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