ASX 200 (AS51) Down 0.03%, in an Uptrend Over Past 90 Days; Price Base in Formation Over Past 14 Days

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AS51

The Hourly View for AS51 Last Updated January 6, 2021, 17:18 GMT At the moment, ASX SPI 200’s price is up 9.08 (0.14%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on ASX SPI 200. Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such…

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