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ATX

ATEX Resources running out of sources. ATXGoals 0.51, 0.44. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
TSXV:ATXShort
by Rykin_Capital
Austrian Economy SHOCK (ATX) - Recession / depressionAustrian stock market crashed extremely hard in very short time. All major indices crashed during last few weeks, but the ATX looks worse than then DAX, DJI and S&P500. It is a flash crash with extremely high bearish momentum, which broke through all major moving averages (50, 100 and even 200 monthly MA)! On the weekly time-frame a triple MA death cross is nearing and is only a few weeks away. We have weekly and monthly bearish engulfing candles. The first Coopock Curve sell signal triggered on Dec. 3th 2018 (COPP curve crossed below ZERO line) and since then the ATX generated lower highs. Between 2018 - 2020 the 50 monthly MA hold support, but due to weakening economic growth, increasing toxic depth, more and more leverage and derivates the market got very fragile. Ever increasing government spending, more and more bureaucracy, increasing taxes and negative EU sanctions for big Austrian businesses forced investors to leave the market. This already fragile market only needed a black swan event to trigger the END GAME. There is not only one black swan, the Coronavirus which is causing worldwide supply chain disruptions (= supply shock)! There is another black swan, which will have severe impact on the world economy which is the oil conflict between Russia, Saudi and USA! Currently the ATX is testing its long-term support trend-line (red) which will get broken soon due to a bearish crossover on the wave trend oscillator on the monthly TF. But maybe ECB can pump the markets up artificially!? If this support line breaks, it looks very bad for the ATX. Now the ECB will print more and more fake money and may even consider a negative interest rate with the Coronavirus as official main reason. In approximately 18 months most fiat currencies will weaken drastically because new printed fake money will trickle down into the real economy and dilute purchasing power even more, which is like a hidden tax for savers. I recommend withdrawing your funds from your bank and convert it into real money like gold, silver and Bitcoin before this Ponzi system breaks down completely. I´m not a financial adviser. For educational purpose only!
A
by PatMoar
ATX - Long EntryThe Austrian stock index has trained a hammer candle with weekly closing. That the c of the (4) could also have come to an end, that is for me a starting signal with the Target to reach the 3.280 point mark. The SL is 2.839 and thus 2.5% resp. 73 points from the current price, which is at 2,912. So the CRV is at 5 to 1. If I go in here with 10% of the portfolio, that means for me a max. total loss on the portfolio, reaching the SL, of 0.25%. If the Target is in, then I have achieved a yield on the deposit of 1.25%.
ALong
by StefanBode
Austrian Traded Index Analysis: Triangle scenario played well, nTalking Points: Austrian Traded Index (ATX) Technical Strategy : Hold until Triangle breakout Elliottwave Count : Triangle Analysis ATX (Austrian Traded Index) is in wave (B) which is in triangle formation. We are in last phase of triangle (wave e). We possibly see last pull leg up or in alternate scenario, we possibly see downtrend from current level. We might mark this move as confirmed after 2092 level breakout which is drawn from wave (c) to wave (d). Each leg of triangle retraced 76.4% of fibbo, with same analogy we can target wave (e) to 2502.26 or at-least 2390 (already reached 2390). Action We are bullish on AUD basket in short term and same time we need to put caution on every AUD pairs. As those pairs are on bearish view for longer time frame. Once ATX confirm it's triangle breakout, we can expect impulse bear move on AUD pairs. -- By @Hoagtrading (Hoagtrading.com)
AShort
by Hoag