ASX Focus: Financials 19/08
Domestic Issues unable to avoid the SPOTLIGHT: Banks suffer.
Notably: Aggressive Alpha Short Trade missed re: Uptrend Line Breach coincident @ 0.382% Retrace (16/08: circa 9,650) & then the momentary Underside Test & FAIL (some 2 Hours later & evident on a 60 Minute Chart.) An Aggressive Short BUT with clearly definable S/L > said previous Uptrend Support Line (9,650 & rising) acting as Resistance. S/L => 240m Close > Line.)
