A strong selling opportunity is imminent on the Australian index.

The Australian Dollar 200 index is moving within a strong overall upward trend.

The index is currently moving within a narrow price channel.

Weak signals of upward momentum have recently begun to emerge,

 which may indicate an imminent reversal.

The emergence of these weakness signals coincides 

with the approach of strong supply areas on the daily chart, 

which are currently considered the best areas for selling the index.

However, it is preferable to wait for any selling action when entering supply areas.

Otherwise, it is preferable to wait for a breakout of the ascending price channel and a close below it.

To sell, target the indicated levels of 8290 and 8131, respectively.