weekend charting easter, page-8

Lucky ASX,

I have been a tad busy this week so I did not get a chance to take part in the action on this one, but I could not give up the chance of charting one of my old favorites. The 3 charts are intended to build up a picture.

First chart is a longer term view to show the trigger trend line that ASX has been trying unsuccessfully to break above, the trend channel that got it there, and the fact that it has clearly broken down from that channel



Second chart shows the short term picture in a blue fork where repeated attempts to break up have failed, and now it should have to test support to find out where that is


3rd chart adds the measured move tool to predict likely retrace extensions


I strongly recommend you add the EMA8 41 and 195 charts of this one to your collection at some stage, because they definitely add something to the story