ASX 200 Financials

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ASX 200 Financials: 0.618 Fibonacci Fan ($9228.77)

ASX 200 Financials: The current Fibonacci Fan levels are: (23.61%) $10277.6: (38.2%) $9407.9: (50%) $9318.33: (61.8%) $9228.77The current support levels are: (78.6%) $9101.27: (100%) $8938.83: (138.2%) $8648.9: (161.8%) $8469.77: (261.8%) $7710.77: (423.61%) $6482.63

XFJ: Over the last 12 months there has been 2 trading days with the opening price in the upper shadow & the closing the price in the middle shadow

XFJ: Over the last 12 months there has been 2 trading days with the opening price in the upper shadow & the closing the price in the middle shadow

[BEARISH WEAK]: ASX 200 Financials opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 60.8%. This suggests the sellers have lost commitment. Over the last 12 months there has been 2 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 11.1%.

This quarter, the largest downswing rally has been 5 days giving a total rally downward movement of -16.1%

This quarter, the largest downswing rally has been 5 days giving a total rally downward movement of -16.1%

[BEARISH]: ASX 200 Financialssellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for XFJ adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -1.8 & the greatest daily negative change this year has been -14.3. The longest consecutive downswing rally over the last 12 months has been 8 days giving a total rally downward movement of -16.1%. This quarter, the largest downswing rally has been 5 days giving a total rally downward movement of -16.1%. The loss ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.8x. Over the last month the average daily downward movement has been -0.600000%

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