ASX 200 ~ Daily Swing Chart V2Chart mapping/technical analysis of CAPITALCOM:AU200 for developing med-long term Swing Trade strategies.
CAPITALCOM:AU200 ASX:XJO ASX:XVI
Asx200
XSO.AX ~ Snapshot TA / ASX Small Ordinaries IndexChart mapping/analysis for ASX Small Ordinaries Index ASX:XSO
ASX Small Ords ETFs:
- ASX:MVS ASX:SSO ASX:ISO ASX:SMLL
Constituents (aggregate ETF holdings):
- ASX:ANN ASX:AUB ASX:BPT ASX:CNU ASX:CSR ASX:FLT ASX:ILU ASX:JBH ASX:LTR ASX:MTS ASX:NHC ASX:NSR ASX:ORA ASX:PME ASX:QUB ASX:SFR ASX:TLX ASX:VEA
CAPITALCOM:AU200 ASX:XJO
XGD ~ Snapshot TA / ASX Gold Miners IndexASX All Ordinaries Gold Index
Constituents:
ASX:ALK ASX:EVN ASX:GOR ASX:NCM ASX:NST ASX:PRU ASX:RMS ASX:RSG ASX:SBM ASX:SLR ASX:WAF ASX:WGX
XBK.AX ~ Snapshot TA / ASX 200 Banks IndexChart mapping/analysis for ASX 200 Banks Index ASX:XBK
Constituents:
- Big 4 Banks = ASX:ANZ ASX:CBA ASX:NAB ASX:WBC
- Mid Tier = ASX:BEN ASX:BOQ ASX:JDO ASX:VUK
- Small Banks = ASX:ABA ASX:BBC ASX:BFL ASX:KSL ASX:MYS
Note: Macquarie Group Ltd classified as Diversified Financials but also facilitates Banking ASX:MQG
ASX ETFs
- Pure-Play Banks: ASX:MVB
- ASX Financials (Banks/Insurance Providers): ASX:OZF ASX:QFN
Global Banks ETF: ASX:BNKS
CAPITALCOM:AU200 ASX:XJO ASX:XFJ
CIA ~ Snapshot TA / Psychotic Yo-Yo YOLO (Weekly Chart)Title pretty much sums up Champion Iron's recent price action lol.
Reminds me of similar movements exhibited in Mineral Resources chart before getting pumped after diversifying into Lithium.
Held onto a trend-line that's been running since 2015, crazy.
Appears ~$8 is established resistance level, as it continues to put in Higher Lows off trend-line while 200DMA climbs higher to act as dynamic support/confluence..
ASX:CIA ASX:MIN
ASX200 Futures ~ Snapshot TA / 1hr Intraday ChartShort term 1hr Chart of ASX Futures for monitoring Intraday movements.
Useful for tracking high volatility fluctuations, especially during key economic announcements.
CAPITALCOM:AU200 ASX:XJO ASX:XVI
ASX200 Futures ~ Snapshot TA / Daily ChartMedium-Long term Daily Chart of ASX Futures for monitoring Swing Trades.
Useful for tracking overall trend movements.
CAPITALCOM:AU200 ASX:XJO ASX:XVI
Coal Futures ~ Snapshot TA / Neutral-Bullish AccumulationNewcastle Thermal Coal Futures breaking out of short-term downtrend + Neutral-Bullish Accumulation around 78.6% Fib Retracement.
Still within larger downtrend after steep sell-off through later half of 2022 into 2023.
(Coal) embers likely re-igniting due to recent China stimulus measures & other macro-economic influences, TBC.
Highlighted preliminary Trading Range 174.05-129.
On watch for further price action development &/or break out of range in either direction.
Boost/Follow appreciated, cheers.
Futures: ICEEUR:NCF1! ICEEUR:NCF2!
ASX: ASX:WHC ASX:NHC ASX:YAL ASX:SMR ASX:TER
Iron Ore Futures ~ Snapshot TA / Coiling like a Steel RollIron Ore Futures coiling like a steel roll in a series of Lower Highs & Higher Lows since October 2022.
Break above 116.60 = Bullish momentum towards 134.85 (38.2% Fib Retracement)
Break below 99.40 = Bearish momentum towards 77.60 (78.6% Fib Extension)
Seasonality typically favours the Bulls running strong into end of year - we'll see if it still rings true this year, given China's current economic woes..
Boost/Follow appreciated.
Futures: SGX:FEF1! SGX:FEF2! COMEX:TIO1! COMEX:TIO2!
ASX: ASX:BHP ASX:RIO ASX:FMG ASX:MIN ASX:CIA
NYSE: NYSE:VALE
Woodside Energy Running on FumesASX:WDS (NYSE: NYSE:WDS ) price action looks extended ahead of FY23 Interim Earnings tomorrow (Tues 22/08).
Notable Headwinds: threat of imminent Worker Strikes & CAPITALCOM:OIL_CRUDE / CAPITALCOM:NATURALGAS consolidating amidst Global Economic uncertainty.
Best-case Scenario: ASX:WDS also consolidates between 50-61.8% Fib + Supply/Demand confluence & stays within upward Price Channel.
Hub24 FY23 ShowdownHub24 closed out of its little Flag Pattern ahead of FY23 Earnings (Tues 21/08).
Looks incredibly Bullish, but extrapolating the "Flag Pole" presents equal case for Supply/Demand zone in either direction.
Will be interesting to see which way Traders decide to take it...good luck to anyone who took the HUB punt.
AU200 Short-Med Term OutlookAnticipating short-term bounce to fill gaps, re-test 23.6% Fib zone & create opportunities for Short positions.
Selling 'should' re-commence in September to test lower range re: parallel channel, in-line with Market Seasonality.
Over-extension into Golden Fib Range could signal warning of more extreme market capitulation (~6400).
Depends on break-outs either side of current indecision candle/price action, TBC.
CXO ReversalNot looking good for CXO -
On the daily chart, a double top has formed with a measured move down to 82c on the cards.
Zooming out on the weekly log chart, another double top is forming with a measured move to 40c.
Fortescue Fortescue is showing signs of weakness after failing to break out from last month's IHS/cup formation.
There's potential for a drop to $15.
Stock Index Review...Key Levels you need to watch!!We take a look at the Daily charts and price action on our Key Indexes.
It is important to have a longer term view of the price action and risk levels on the key markets so we will discuss our major markets and what we are looking for in the video.
We take a look at the following Key Indexes:-
Nasdaq, DOW, DAX, FTSE, ASX200, Hang Seng and the Nikkei.
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*** Please Leave a Like and Comment if you enjoyed this video ***
Stock Index Review - Key Markets and levels to watchWe take a look at the Daily charts and price action on our Key Indexes.
It is important to have a longer term view of the price action and risk levels on the key markets so we will discuss our major markets and what we are looking for in the video.
We take a look at the following Key Indexes:-
SP500, Nasdaq, DOW, DAX, FTSE, ASX200, Hang Seng and the Nikkei.
*** Feel free to take a look at our profile page and Please Follow for more content ***
*** Pleas Leave a Like and Comment if you enjoyed this video ***
ASX200 Review...Where to from here?A look at the price action for the Australian ASX200 Index.
The recent price action has been very choppy and directionless leaving both bulls and bears scratching their heads. I expect that this uncertain theme will continue in the short term with the mid to longer term action largely range bound.
In the short term, I expect to see a swing lower and if recent price action is any indication, we will see the recent low taken out. This suggests a 4% move lower from current levels around 7260.
If we see the Global macro environment deteriorate, I expect to see share prices across the board come under pressure.
ASXA new day .. new analysis .. right?
Today we look at ASX, which is in the Australian market index.
Price was moving inside his trading range, but recently, there has been a strong candle in the downward movement.
Look how easily the price is coming down but going up takes some time.
Now the price broke the support, but we are in the sold area in RSI .. so the price has to come up and acquire more liquidity and then continue going down. Here is what we can expect.
PS - price choose the second scenario, and now we are waiting for the signal to enter sell positions ..leave your thoughts and comments and let's see your opinion.
COH - ascending triangleCochlear recently broke down from range highs/distribution. It appears to be printing an ascending triangle, a continuation pattern suggesting further downside ahead. I am looking to fill a short around 232 or on the breakdown.
Nikkei 225: Bearish Divergence at Bearish Butterfly PCZThere is Bearish Divergence on both the RSI and MACD at the PCZ of a Bearish Butterfly, and there will hardly be any support until we reach the 1.618 Fibonacci Extension down at 18627JPY, but from the looks of it, it will likely be a very fast drop followed by an even faster recovery, but in the meantime the JPY could gain some strength.
ASX-200: Weekly Dark Cloud Cover and Head and ShouldersThe ASX200 has printed a Dark Cloud Cover visible on the weekly chart within the Potential Right Shoulder of a Head and Shoulders pattern as it breaks down below a Bearish Dragon Trend Line as the RSI enters the Bearish Control Zone. All of this data put together leads me to believe that it will experience some significant bearish price action in the future and that it could go all the way down to the 800-Week EMA.
What goes up comes downI am just not sure what has caused this extraordinary price drop, when apparently it was looking like it was just recovering from down trend - if anyone knows please comment .
May be it’s just natural price correction in market, looking at today’s price action, buyers were able to take it up in first two hours up to $125.84, till that time it’s was all buyers hardly any sellers but later it’s was all sellers and price couldn’t hold and closed below opening price altogether 18.40% down.
If this is just some weird correction without any fundamentals changing, then I think price should come down to round $105 range.
Keeping a watch on this stock, leaving my notes here for community discussion.
Please note it’s not a trading advise by any means, please do your own research.
The swing low could be in for the ASX 200 (XJO)The ASX 200 suffered its worst day in 10-week on the final day of May, thanks to weak China PMIs and month-end flows. The first day of June posted a very minor (almost sheepish) gain, but with a positive lead from Wall Street and SPI futures higher by ~0.66% overnight, the ASX is expected to extend its rise from the lows.
The fact that the lows formed around a 61.8% Fibonacci ratio 7070 support level alongside a bullish RSI divergence could bode well for bulls over the near-term. From here the bias is bullish above last week's low and for a move to the 7200 area, within the channel. But as the channel appears to be corrective in nature then we also see the potential for it to head for (and break above) the 7300 highs.
But as we're a period of the year notorious for fickle price action and lower trading volumes, traders might be wise to remain nimble and seek smaller moves unless a large macro theme arrives worthy of expecting broad-range expansion for global markets.
