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XAO trade ideas

Australian Stock Exchange (ASX) - Cycle Wave 5 Almost CompleteThis market just needs to make one more all time high to complete 5 Waves up since 1900. Cycle Wave 1 1900 - 1913 Cycle Wave 2 1913 - 1920 Cycle Wave 3 1920 - 1967 Cycle Wave 4 1967 - 2009 Cycle Wave 5 2009 - 2020\2021 Alternation between Wave 2 and 4: Wave 2 shallow sideways and short in duration. Wave 4 expanded to the upside and long in duration. Wave 5 is an ending diagonal which means that waves 2 and 4 can overlap. Please LIKE and FOLLOW to get notification of updates and future posts.
ASX:XAO
by AriasWave
ALL ORDINARIES – An Expected MoveBeen speaking about this Index Heavily, this movement is to be expected & I’ll explain why. - This Demand Zone that we are moving through today was a 4H Demand Zone, it was Low Quality, meaning there is levels underneath it that are formed on Market Pivots, which yield Higher Quality Demand Zones - There are a number of Levels in the way of the Main Demand Zone at 5700 - Most notably the 23.6% Fibonacci Level, this area lines up nicely with liquidity to the left where we have multiple respected daily candles & wicks - This would be the most logical High Timeframe level to look towards, which the 23.6% Fibonacci Level acting as nice support for XAO. - We’ve got a decent amount of room on the indicators, Steamroller, CCI & RSI to facilitate a move in that direction also. - Our in-house developed Unicon Indicator was telling us there was an increasing bearish bias forming at the 6250 level (Orange Arrow) and that is being maintained with this break of the Demand Level. Looking towards that 23.6% Fibonacci Level in the immediate term. GET INVOLVED ↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓
ASX:XAOShort
by Unity-Trading-Group
1
XAO - All Ordinaries - Bull Flag - Gold UpdateQuick update on XAO and the broader Aussie market. It seems that insanity is the path of least resistance and the major index is set to target the 61.8% fib level, around the 6,200 level. This measured move higher from the bull flag would als coincide with the 61.8% fib level. The combined 'big 4 banks' are also signaling that a potential move higher is on the cards, with a measured breakout from a symmetrical triangle pitched at the 50% fib retracement. I am also watching Aussie gold, looking for a pullback closer to the 2,500 price range. Although in fairness, an entry even at these levels would still be quite a nice initial entry point on the yellow metal, with the vast global QE efforts to reinflate global equity markets set to lead to higher inflation (or even just perceived higher inflation). Overall the Aussie equity markets look set to move higher, gold looks set to move slightly lower/ sideways and the real economy still looks battered and bruised. I am still on the lookout for the inevitable 2nd leg lower, but i am also keenly aware that throwing money at a short trade is not the best course of action in the face of global efforts to reflate the markets. -TradingEdge
ASX:XAO
by Profit_Link