ASX 200Remains in consolidation range - with potential for bear flag to trigger. Demand turned to supply at the recent rebound to 6757.
AUS200 trade ideas
My Short Mid Long EMA Band + 3 Bar Turn + Last 3 Close AverageThe Green Line is 10 EMA (sema) and Red Line is 20 EMA (mema), when sema above mema, overall trend is up and when sema below mema, overall trend is down. The gap of sema and mema times 2,3,4,5 times to project the band of support and resistance. It is like Bollinger Band that expand and shrink to tell the market is trending or moving sideway with direction.
The Top and Bottom triangles are from the comparsion of sema (10 ema), mema (20 ema) and lema (60 ema) relative location and the change from last bar. e.g. sema above/below mema and current gap compare with last bar gap is expanding/shrinking to determine the color and location of the triangle.
The close price is plot with color by comparing current close against last two close, The color also determine by the close vs last three close average. Green is up and Red is down, in between is yellow.
The close color and location compare with the band and the top and bottom triangles might help to tell the next movement.
ASX 200 drills lower thanks to commodity stocksAustralia’s main share index, the ASX 200, closed lower on Wednesday by 0.5%. This fall could have been a lot worse If not for technology and financial stocks mitigating the rout in other major Australian sectors.
Australian Securities Exchange’s Metals & Mining Index fell by a massive 5.6%. Heavyweights in the mining sectors, Rio Tinto (ASX: RIO), Newcrest Mining (ASX: NCM), and Fortescue Metals Group (ASX: FMG) lead the way, falling by 7.4%, 6.6%, and 4.9%, respectively.
The ASX Energy Index also declined by 5.8% as crude oil prices plummeted 9% overnight Tuesday. Two of the most significant index drivers, Woodside Energy (ASX: WDS) and Whitehaven Coal (ASX: WHC), slumped by 6.9% and 3.7%, respectively.
Virus and lockdown concerns appear to be the main factors suppressing commodity and energy stocks in Australia.
Domestic tech stocks did briefly push the ASX 200 into green territory intraday but were ultimately overcome by the strong headwinds of commodity stocks. The big tech winner of the day was Zip Co (ASX: ZIP), rising by a phenomenal 12.8%. Financials were also up by 0.9% as three of the "Big-four" seek to benefit from the Reserve Bank of Australia lifting its benchmark interest rate by another 50-basis points.
On the technical side, we can see on the daily chart that the ASX200 has been on a clear downtrend since April.
The index is currently moving in a tight range between 6700 and 6560.
A break above the resistance at 6700 could potentially retest the 6810-level area, creating a lower high of the downtrend before continuing to the downside. In consideration of the long-term scenario, a close below 6560, depending on market sentiments, could eventually drive the index down to the 6000 psychological support level.
The ASX 200 might struggle to maintain short-term upside movements. At least until China moves past its Covid concerns and lockdowns in the country no longer threatens to sideline its commercial operations and consumer demand.
AUS200 : DOWNTREND | PRICE ACTION ANALYSIS | SHORT SETUP ⚡️Welcome back Traders,
Detailed analysis from INDEX_INSIDERS Team.
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Auzzie SELLRemember :
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Au200We still expecting price to fall to the downside untill the lower ranger is manipulated then we can now start expecting price to rise with the aim to make a new higher high
AU200AUD!There is a bearish setup on the AUSSIE index, a sign of sells to form.
Low risk entry setup.
Trade with care use a stop loss.
AUS200 turning bullish?I see very bullish signs on AUS200 chart. My only problem is: was it just Friday afternoon rally or beginning of bear rally for next week?
Overall it seems like a strong bullish move. Earning season Q2 is coming soon - but will it be good enough for the market to continue move upside?
One is certain - there is still a lot of volatility in the markets. Trade carefully.
This is not a trading advice. Trading is risky- do your own analysis.
AUS200 forming a very neat H&S patternI am short on AUS200, H&S pattern spotted.
DOYR! This is not a financial advise.
Steve's Gun2Head - Selling Australia 200 (AUS200AUD)Trade Idea: Sell Australia 200
Reasoning: Bearish engulfing forming on daily chart, Stalled at resistance and turned lower under Ichimoku cloud on 4-hour chart.
Entry Level: 6494.5
Take Profit Level: 6254.5
Stop Loss: 6554.5
Risk/Reward: 4:1
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Aust 200 Hi
Hope all are fine.
I feel that this setup haven't complete it's journey.
May you progress in life in bless.
How to catch a falling knife?!!!We are oversold on the indices and will be looking for a bounce...dnt know if its just temporary relief or the bottom....I dnt care actually I will just carve up my piece of the meat:)... buy stop at 6475. . . . .(already pocketed gains from the short see attachment)
ASX Extremely Oversold Friday Afternoon Short SqueezeLooking for sellers to take profit and bargain hunters to squeeze this heavily sold Australia stock index into the close Friday or for Pop higher Morning if US stocks can Bounce.
In large sell offs Friday are profit taking days for sellers and this naturally causing some buying as they close short positions and in the fallout there are some stocks that are bought on dips that help the whole index rally.
Some good news would help but technically its sets up some excellent 3-1 and 5-1 risk rewards.
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AU200 - Looking for a short term reversalAU200 has reached .382 from th large swing.
It looks oversold and has also reached a 1.272 ext and a 2 from previous swings.
The target would be the .382 of the last swing lower.
We can look for some buying that may be the beginning of a short reversal. There's not enough buying just yet but we should keep an eye on this.....
I am a bearThe markets arent looking healthy, too much cash rate pressure on risk on markets. I can't see the next 12-18 months being fruitful. In saying this I think that there will be some great buy opportunities as long as I have enough capital to take some positions. The ASX looks set to come down to 6400-6200 points. That monthly candle dipping in there would give me some confidence in averaging back into the markets.
The green trendline when touched has seen a bearish market take hold for that 12-18 month period. So there may be opportunities for me to short this market to build capital and buy at the bottom. DYOR NFA
AUS200 warning signs potentially From technical analysis point of view & doing our top down analysis shows buyers looking expensive.. aka weak. As well, there seems market makers could have region for taking profits in and around current prices..
Price action is building throughout other timeframes but no clear confirmation is visible on monthly yet. Sure price could simply "pause and refresh" and build new manual demand zone continue higher on, but we need discount prices to be had beforehand.. thats how supply and demand principles work.
How low will it drop? ASX 200 looking bearishMacro risks ahead, high inflation, rising rates and slowing economic growth. Portfolio allocations and cash will be vital in the next 12 months ahead.
au200audi think au200 index will rise soon and continue rising up in the futur let's wait and see what happens
AU200AUD High-risk Initial LongAU200AUD High Risk Initial Long. Targets and SL on chart. 10-20X leverage. Move SL on every TP.
RBA hikes rate by 50bp and turns hawkish amid soaring inflationRBA has announced the biggest single hike in the cash rate since 2000. Inflation in Australia has increased significantly and is expected to increase further. RBA wants to combat inflation before it gets out of control.
RBA expects to take further steps in the process of normalizing monetary policies over the months ahead.
ASX fell sharply, more than 1.5% decline, after the unexpected news as only 3 out of 29 economists predicted 50bp rise. Economists now expect today’s hike is a start of a series of aggressive rate hikes over the rest of this year, which will push borrowing costs higher across the economy.
Potential Bullish Momentum On the H4, with price moving above the ichimoku cloud and within the ascending trenddline, we have a bullish bias that price will rise from the buy entry at 7154.3 in line with the 61.8% fibonacci projection to the take profit at 7366 in line with the overlap resistance level and -27.2% fibonacci expansion. Alternatively, price may drop from the buy entry to the stop loss at 6996.2 in line with the swing low.
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