ASX Midcap50

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ASX Midcap50: 0.618 Fibonacci Fan ($8499.36)

ASX Midcap50: The current Fibonacci Fan levels are: (23.61%) $8361.64: (38.2%) $8414.26: (50%) $8456.81: (61.8%) $8499.36The current support levels are: (78.6%) $8559.95: (100%) $8637.13: (138.2%) $8774.89: (161.8%) $8859.99: (261.8%) $9220.61: (423.61%) $9804.14

XMD Basic Candle: White Opening Marubozu

[BULLISH]: ASX Midcap50 has formed a White Opening Marubozu candlestick. This means, XMD has received strong buying confidence and upward price movement over the trading day with only a small upper shadow present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

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