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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

ASX Consolidation Fluff,P Action Task For The Week = A DirectionLooking for some confidence or lack of, anything really, to move this market out of this range of chop. Price at Mondays open will be APEXing, so hopefully traders can push this in a direction up or down for some clear trading sentiment. If positive during the week an upward carrell channel could form for the following weeks to respect.Taking sentiment away from the charts and to the global economy there could be down side to come as it can’t keep being prop’d up considering this recession. A direction is needed shortly and the market will show that this week…. or next :P 📈Support & Resistance📉* Support Levels 1st Support Zone: 5283.0 2nd Support Zone: 5185.5 3rd Support Zone: 21718.4 Resistance Levels: 1st Resistance Zone: 5478.2 2nd Resistance Zone: 5624.5 3rd Resistance Zone: 5943.8 Price Level Consideration ATH: 7208.2 All Time High Half Way Point: 3604.1 Previous High: 5568.6 Previous Low: 4392.7 🐃 Bulls Verse Bears 🐻 🐃 Bullish above: 6880.9 🐻 Bearish below: 5397.8 Monthly & Weekly Opens Monthly Open: 5520.6 Weekly Open: 5386.9 If P action can break above the present consolidation it would still show strength to get caught up with this previous zone…
ASX:XJO
by LandenInternational
ASX200 daily- Rising Wedge+failed to break 38.2% Fib retracemASX200 daily- Rising Wedge + Failed to break 38.2% Fib retracement. According to Thomas Bulkowski "Rising Wedges, especially for downward breakouts, are some of the worst performing chart patterns. Downward breakouts have an unacceptably high failure rate and small post breakout declines. Also, throwbacks and pullbacks occur 72% of the time." Breakout for Rising Wedges: Can be in either direction, 60% of the time downwards.
ASX:XJOShort
by platinum_growth
Short Analysis on AU200 ( ASX ) 2 timeframes / By ThinkingAntsOk Main items we can see on the 4HS chart: a) From the Historical Higher High at 7200 the price made a bearish movement and found support at 4800 b) From there we observed a bullish movement towards the Broken ascending trendlines of the previous ascending motive waves c) The structure that we can see is a Wedge Pattern doing a pullback to the previous ascending trendline d) We saw a breakout of the wedge pattern and a corrective structure next to it e) Our Forecast is that there is a major resistance zone at 5600 -5650 and we will expect a bearish movement towards 4700-4800 WEEKLY CHART:
OANDA:AU200AUD
by ThinkingAntsOk
ASX200 Basing - Are We Getting Ready for a Breakout?- ASX 200 has not recovered as fast as the US Market but enjoyed strong gains today +1.6%. - Technically we have retraced to the 32% Fib level from our 52w Highs. We want to see a breakout from this level and a push past the 50% level. - From a Health perspective Australia has flattened the Covid19 curve but some of the biggest contributors to the ASX 200 such as the banks have reported bad losses this week. Overall we are bullish on this market over the longer term and want to see this basing pattern play out.
OANDA:AU200AUD
by Tuhi_Capital
AUS200 - Strong reboundASX200 - Intraday - We look to Buy at 5325 (stop at 5270) An Evening Star formation has been posted at the high. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. A possible AB=CD formation looks to target 5470. We look for a temporary move higher. Further upside is expected and we look to set longs in early trade. Our profit targets will be 5475 and 5560 Resistance: 5370 / 5475 / 5567 Support: 5325 / 5275 / 5200
FX:AUS200Long
by Signal_Centre
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