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S&P/ASX 200 IndexS&P/ASX 200 IndexS&P/ASX 200 Index

S&P/ASX 200 Index

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XJO trade ideas

ASX200: Thoughts and AnalysisPattern – Continuation HL Support – 7035 Resistance – 7100 Hi, and thanks for checking out today's update. Today, we are looking at ASX200 on the daily chart. Today's video asks if the ASX200 will confirm a continuation price pattern we are watching develop on the daily price chart. Buyers look okay after holding support and forming a bullish bar in today's session. The worry is the fade we are seeing. If the price fails to hold above yesterday's open, that's also a worry. Other than that, we have the MA pointing up with an LH and a support hold after the new leg higher breakout, all showing buyer support. Let's see if we can see a confirmation bar on Monday if we get a trigger bar today. Good trading.
EIGHTCAP:ASX200Long
by Eightcap
RESISTANCE AT 7125?Since breaking below the 7125 zone on Sept the 21st; Price as now revisited the zone for the 2nd time, and again, failed to close above it creating what would seem to be a Double Top formation. As we slowly approach the end of the Month, it will be interesting to see if the bears will once again step in and drive the market lower with a red candle close for November. A bullish break and close above 7125 negates the bearish bias and potentially opens doors for long positions. Patience is a Position
PEPPERSTONE:AUS200Short
by Swiing
Lower High In?As price consolidates ahead of Employment Data this week, we can see that over the last few sessions, price has been hovering around the 7.000 area; an important level in the AUX Market. If the bearish forces remain dominant and price fails to break the previous Lower High; we could see a good set up for shorts over the next few trading days. However, if price remains is consolidation or breaks above the previous LH; this could indicate a shift in momentum to the upside; in that case, a fresh analysis would be required. Patience is a Position
PEPPERSTONE:AUS200Short
by Swiing
4
ASX200: Thoughts and AnalysisToday's focus: ASX200 Pattern – Support/ Regular Divergence Support – 6885 Resistance – 7000 - 7070 Thanks for checking out today’s update. Today, we have run over ASX200, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis. Interest today starts from the support hold we are watching from 6885. This lines up with the bottom of the overall range. We can also see regular divergence forming with price holding at this support point. This could set off a new rally that could get back up to test 7000. If this level of support breaks and price closes below, this could break the range and set off a new overall downtrend. Are stocks a bit oversold at this point? Keep in mind we have US employment data due out this Friday. Have a great day and good trading.
EIGHTCAP:ASX200Long
by Eightcap
Week 1OCT2023 AUS200 Sell Setup # Trading Checklist AUS200 - **Rule** Is there any setup? - NO Setup NO Trade - SBR - RBS - QML - QMTR - BLINDSPOT - Use a trend-following setup. - YES - I love Risky way - Analyze from a big time frame. Define the Entry Zone - 30M 4H - 15M, 1H - Is there any News (interest rate Decision) - Yes - No - Set both buy and sell zones on a higher timeframe such as 4H or Day for TP and Entry Area. - YES - No - Is it in Premium Zone? - FIBO 61.8 - FIBO 78.6 - FIBO 50 - Check Is in sideway? - YES Break Sideway - NO - Check Zone within Zone? - YES - NO - Is there Fake out zone - YES - No - The Risk-Reward (RR) ratio should be around 4 or more than 2. If there is an 80% chance of reaching the target, take it. - 1:3 - 1 :4-5 - More - Confirmation using Choch. - Risk Entry - Confirmation Entry
PEPPERSTONE:AUS200Short
by Pcockboxes
AUS200 ShortSKILLING:AUS200 Index: AUS200 (ASX 200) Entry Price (Short): 7051 Stop Loss: 7122 Take Profit: 6698 Risk-Reward Ratio: 5:1 (5 for profit and 1 for stop loss) Description of the short position: Short Entry: You open a short position on the AUS200 index (ASX 200) at a price of 7051, which means you are betting that the value of the index will decrease. In other words, you are selling the index with the expectation that its price will go down. Stop Loss: You place a stop loss at 7122, which means if the price rises to that level, the position will automatically close to limit your losses. This level is above your entry price and acts as a protective measure. Take Profit: You set a take profit at 6698, which means if the price falls to that level, the position will automatically close to secure your profits. This level is below your entry price and represents the point at which you want to realize gains. Risk-Reward Ratio: The risk-reward ratio is 5:1, which means you are willing to risk 1 unit of loss (if the price reaches the stop loss at 7122) to gain 5 units of profit (if the price reaches the take profit at 6698). Please keep in mind that trading in indices and financial markets carries risks, and it's important to have a solid risk management plan and closely monitor the market to adjust your positions if necessary. Additionally, the information provided is based on data up to my last update in September 2021, so you should consider the current market situation and any potential changes in the AUS200 index before making a trading decision.
SKILLING:AUS200Short
by subzerocapital
ASX 200 Index: Bullish Momentum Gains Ground After 4-DayIntroduction: After a four-day downward trend, the ASX 200 Index is showing signs of a bullish resurgence. In this article, we will analyze the recent price action, key technical indicators, and the potential factors driving the market as it attempts to break out of a crucial resistance level. Breaking the Red Streak: Following four consecutive days of declines, the ASX 200 Index has finally made an impressive upward move, finding strong support at the previous week's low price. This reversal has ignited hope among traders and investors, as it marks a crucial shift in sentiment. The next challenge on the horizon is the previous week's midpoint, currently positioned at 7239. Interestingly, this level coincides with several key moving averages, including the MA 50, MA 100, and MA 200. By this point, the MA 20 should ideally have already been surpassed, signifying further bullish momentum. Overcoming Resistance: Despite the recent gains, the market still faces a formidable obstacle in the form of an overhead trendline acting as resistance. However, the current setup suggests that this could be the moment when this resistance is successfully breached. The week ahead is expected to bring a deluge of economic news, which could act as a catalyst, increasing market volatility. This potential uptick in volatility is reflected in the Average True Range (ATR) indicator, which has started to point upward, indicating a potential new higher high. RSI and Momentum: The Relative Strength Index (RSI) is another critical indicator that has caught our attention. It exhibits a clear change in direction, now pointing upward. Importantly, the RSI is still some distance away from its overhead trendline resistance, leaving room for further bullish momentum to develop. Zooming Out: Taking a broader perspective by examining the weekly chart of the XJO, it appears that we may be in the midst of a Wyckoff accumulation phase, preparing for a breakout in Phase D. Confirmation of this pattern would come with the breakout of its macro channel. However, it's crucial to approach this potential breakout cautiously, taking things day by day and week by week, considering the evolving market dynamics. Conclusion: In conclusion, the ASX 200 Index has shown promising signs of recovery after a four-day decline. The recent breakout above the previous week's low, coupled with the convergence of key moving averages, suggests that the bullish momentum may continue. Traders should keep a close eye on the overhead trendline resistance and the impact of upcoming economic news on market volatility. The RSI and ATR indicators also provide valuable insights into the potential direction of the market. As we monitor these developments, it's important to remain cautious and vigilant in navigating the ever-changing landscape of the ASX 200 Index.
ASX:XJOLong
by ShiftSwings
1