Are we there yet? ASX Financial XFJ is on its final stage

ASX Financial XFJ Index could be on its 3rd and final stage of a pull back. The attached chart reveals that we have a double head and shoulder price formation within the same price range. The Index closed at 6486.6 on Friday 18-8-17 down by -1.09% outside an upward price channel formed in the beginning of May this year. The index price is looking very likely to head down to 6200 if it fails to stay above 6400 resistance price level. There is a possibility that it could fall further to 5600 if it fails to hold at 6200 support price level

Trade ist aktiv:

ASX Financial XFJ Index is about to complete its double head and shoulder as my prediction. The Index price needs to stay above 6200 support price point before we see any recovery to the upside. Failure could see the Index fall to around 5600

Trade geschlossen: Ziel wurde erreicht:

The head and shoulder is now complete and now we have a reversal price pattern to the upside