AUS200
Correlation & recent divergence of Australia & Hong KongInteresting divergence in the past few months in what are normally two highly correlated indexes (Hong Kong's HSI and the Australian index). Hong Kong is the red line, whereas Australia is the blue line. Note the stark divergence where HK is heading south, while Australia has yet to head downward.
Note that the lines represented here are the 100-day exponential moving averages of the index to smooth things out.
Watchlist : ASX 200 (AUSTRALIAN 200) Showing clear uptrendThis indices is looking good for a long, it needs to break above 6150 (red line) to confirm the bullish trend. The ASX joins FTSE, NASDAQ and russel that are leading the way as the potential for a risk on move continues, short term the yen pairs are heading lower so this may take more than a few days to become a trade.
I have given the pair a wave count but it is not a clear or standard one so may be ignored, however the trend is clear and one directional so I am keen to buy into it.
ASX 200 - Watch the Price Action in the Top Area.The Australian index could be building a top pattern.
Short AUS200 by butterfly pattern
Now, the Australian stock index is down on Monday, reminding me that the pattern may be formed. Now I will give you an analysis of how to look at this pattern and how to trade with it.
The butterfly has X A B and C D five points, enter the trade when these five points meet the fio ratio.The essence is form pattern recognition. Butterfly's B requires a 78.6% correction near the previous XA , and the B point in the figure is near 6028, which fits this ratio 78.6%. The point C cannot exceed AB, so the range is actually larger.The potential D points is determined by the ratio of the XA and BC.D is 1.272 or 1.618 times of XA, (in this case 1.618 times), while D point is between 1.618 and 2.618 times BC, now D is 2.24 times BC.
It can be said that BC's 2.24 times and XA's 1.618 times forms the potential reverse zone , which is near 6151
In this area, the confirmation of a candle signal is the icing on the cake and can be released.The usual signals are shooting stars, hanging necklines and so on
After short it , the target position of the short position is located near 38.2% of a-d, and 6064 of the figure
Thank you, good luck
AUS200Hello,
Aus200 opened strongly on Monday morning which broke through the significant barrier at 5790-5800 with ease.
the channel of 5650 - 5780 was trading since June 2017 and both bottom and the top of the channel got tested many times during the period of June and October as investors are also looking for new direction.
Finally, on 16Oct, it opened at 5831, 31 pips from the resistance level. It looks like we have got a new direction. Now, we are patiently waiting Aus200 to fill the gap 5800-5831 before going further again to 5880 and 5920.
Limit order set at 5801
SL at 5765 36pips
TP1 5880 79pips
TP2 5920 119pips
patience pays, happy trading!
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
P.S: If you follow my telegram channel (link in the description) make sure to like my idea so you stay updated..!
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 Long Idea - Wave 3 about to begin?AUS200 at a very important point in time.
Looks like a very strong impulsive move up is imminent.
Tight stop at 5723 or 5671 would make this a good risk\reward ratio.
channel resis meets time cycle on AUS200channel resis meets time cycle on AUS200. Looking to short a breach of channel then failure to hold above
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.
A big move will start here!Daily: Advanced pattern
1hr: just broke the consolidation!
Look forward to a big move on daily!
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 ...
