AUS200 SHORT PART 3

Daily:
- bearish bias clearer as opposed to weekly,
due to hangman and bearish engulifing
candles (the last two)
- a retracement is highly likely
- however index funds usually consolidate
before making a reversal, hardly ever
that easy
- hence the daily forecast having two
alternate playouts, either the broken
trendline or either of the two red
zones may be difficult to pass, resulting in
a bounce creating a double top