ASX SPI 200

Given that we see downtrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.

Relative to other instruments in the equity indices asset class, asx 200 ranked 4th since the previous day in terms of percentage price change.

Out of the 14 instruments in the equity indices asset class, asx 200 ended up ranking 11th for the day in terms of price change relative to the day prior.

For additional context, note that price has gone down 7 out of the past 14 days.

It’s been a feast for bulls operating on an hourly timeframe, as asx spi 200 has now gone up 4 of the past 5 hours.

This is a reversal of the price action on the previous hour, in which price moved up.

This move is a reversal from the hour prior, which saw price move down.

This is a reversal of the price action on the previous hour, in which price moved up.

This is a reversal of the price action on the previous hour, in which price moved up.

Price action traders may also wish to note that we see a pin bar candlestick pattern on asx spi 200.