Thursday, October 15, 2026

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ASX200 forms Bullish Cypher Pattern, good to buy at dips

Harmonic Pattern - Bullish Cypher Pattern Potential Reversal Zone (PRZ) - 4850 The index has retreated till 4883 after making a high of 5035. It is currently trading around 4894. On the lower side major support is around…

By Lis Howell
1 min read
ASX200 forms Bullish Cypher Pattern, good to buy at dips
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  • Harmonic Pattern - Bullish Cypher Pattern 
     
  • Potential Reversal Zone (PRZ) - 4850
     
  • The index has retreated till 4883 after making a high of 5035. It is currently trading around 4894. 
     
  • On the lower side major support is around 4850 and any break below will drag the index down till 4815/4785.
     
  • Major resistance is around 4930 and any break above targets 4980/5020/5035.

It is good to buy at dips around 4850 with SL around 4815 for the TP of 4930/4980

 

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