AUS200
AUS200: Nice Buy OpportunityClearly in an uptrend, price has retraced a a support zone created by the sliding parallels of teh upsloping median line. Most likely this retracement is about to be over and price will head north once again. Going long from current level is what I am planning to do
Entry: 5731
Stoploss: 5719
Profit target: 5765
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AUS200 - short for the firstgood morning australia. we make a short call for the first to get a better position for buy. it's possible that we buy the aus200 at 5600 or lower. look on the green and red lines to buy or sell the aus200. but understand that we sell a bull-flag.target is 6700!!! good luck
AUS200 'The Big Aussie Short' Gartley patternDon't mind the title.. it was just a little fun and a laugh :)
I've posted this privately several months ago and for the last week there has been crazy activities in the Aussie stock market.
The recent rally and broke through the highest since 2015.
Aussie dollars plummet last week and finally finding some grounds again
I am seeing an alignment between AUDCAD, AUDJPY & AUS200 in price movements.
If Prices aligned at the pattern completion.. I will look to short all 3.
Aus200 H4 Swing TradeD1 we can see that the last recent wave just barely scrap a New High.
H4 We can see a recent Uptrend Channel formed with price potentially respecting the extreme of the channels and carry on with the trend.
2 Targets for this trade with no pending orders.
Will look for appropriate candles to confirm entry.
Also to note, there is a Harmonic pattern if it completes around the 5815 mark which will also fall into a respective structure.
(This is my own analysis for my personal development. Feel free to comment - I welcome all views.)
ASX STO Oil Play LongFeb 12: 23.00 AEDT
Ok here is one for the oil bulls.
This stock has been beaten up recently,
but the falling wedge and solid volume support
at $3.60 and $3.90 suggests ST potential.
Weekly Support is rising underneath, but at $3.50+
Ok the Trade:
Buy now on the bullish gap bar at $3.90 SL $3.80 TP#1 $4.10 TP#2 $4.40
RR := 50/10
If it fails - re-enter at the bottom of the body gap/Weekly support.
Buy $3.60 SL $3.50 Tgt $4.40
Profit less our loss above RR 70/10
Tgt is the upper body gap during WTI push higher and the rising tide.
Warnings:
It has not broken downtrend;
There is a 13m short position overhang;
The body gap under;
Positives:
Oil and USD rising - good for the bottom line;
Bullish last 3 bars and its above the T-Line;
Indicators and BBs (not shown) are positive.
My position: Break out (fake) then pull back to lower gap
then rally - but it depends upon Oil, $US an the S&P500
:= Quick long, short, long
This is an opinion not a guarantee and
... just my 2c worth ...
AUS200 WES D ShortWES is ex dividend Mon 20 Feb by $1.03 so $43.09 - $1.03 := $42+/-.
Allowing for slippage, it could trade down to $41.85 Monday
before attempting to rally back to support at $42.
But over the next few days I believe it will drift lower
towards old resistance now support at $41.50
There is also that break away body gap at $40.98-41.18
which needs to fill.
The keys will be XJO and AUS200 Futures prices and the bears.
So my thoughts are to stay short until I get a candle(s) or indicator(s)
or gut feel its time to close and reverse.
I will continue to post on this chart and others (STO, Oil, Banks, reader interest etc)
... for just my 2c worth