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Australia 200 Index

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AUS200 trade ideas

ASX - Australian Stock Exchange - The Final Wave Is In ProgressIt is the clear that this final move in the ASX is an Expanded Type-2 Zig-Zag Wave v. I have linked the bigger picture below in related ideas. White Wave 4 ended at 6,644 and is critical support for a long trade. White Wave 5 will likely terminate at the highs marked in the green area. White Wave 5 must make one final all-time-high in order to complete the move. Please LIKE and FOLLOW to get notification of updates and future posts.
FX:AUS200Long
by AriasWave
The Aussies: Mind the Wedges!I show what happened after two wedge formations. Note carefully wedges do not rule the market. The create probabilities not predictions. Wedges do fail. There is hardly ever a perfect wedge pattern. The most recent one doesn't look too great. Price can fall out of a wedge and rock back in as you will see. Therefore trendlines drawn have to be estimates. From experience only, recovery from the base of wedges - when the happen tend to get closer to the notional apex of the wedge or exceed them. As I said, there is no rule - because these formations do not rule the markets. Wedges often don't work. These descending wedges shown are in a bull market, hence the expectation is for price to recover. This market could be collapsing when looked at from a higher time frame. Therefore, I do not expect a good retracement up on the most recent wedge. But I'm always happy to be surprised. My strategy here, is to follow a 5 to 10 min trend up as far as it will go. That means, no targets. I am aware of much that has been written about wedges out there by many a guru. I do my own thing with these formations. I also know that wedges go by different names. Call it what you want - the important issue is the general shape. I am not a wedge expert. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FX:AUS200Long
by Captain_Walker
XJO going to drop like a falling stone?👹🚨🚨👿XJO aka ASX is showing a particularly dangerously bearish pattern. Are we gonna see a revit to 5900$ levels ? Are the bulls gonna dump their positions and run? Lets dive into this chart and analyse. The chart is depicting one of the patterns that is known to be bearish. That patter in a bearish divergence. We have higher highs on price but lower highs on RSI. Shown by 2 blue lines on the chart. If this plays out where does the TA leaves us? To me 6413$ level will be a place to keep an eye on and if it is broken, 6200$ is the level to watch. I am not short yet and I am waiting for 6500$ to be broken before considering this. I will keep this post brief as I am still waiting for a few catalyst to happen then I will update you as days go by. If you like this TA please give a thumbs up. Have a great weekend ahead.
ASX:XJO
by xtf_ze_trader
2
ASX/200 - Buy Update The Australian Stock Market Index continues to recover from the Covid-19 sell off in the early part of 2020. Growth in China is helping Australia's index recover as Asia is Australia's Main trading hub and demand for Australian exports is increasing as Asia recovers at a faster pace than Europe and North America from the Pandemic. We look at buying this Index now as the Index prior to the sell off in march has been rising for 11 straight years coming out of the financial crash of 2007-2008 We look at entry price and stop-loss using ATR One month volatility.
ASX:XJOLong
by KayansMarkets