XJO 2020-May-04XJO is running support on a very shallow growth trend on the short term trend. Patience is the play here; with the downside risk being higher than the reward of a rally back to the resistance. Wait for a breakout.
AUS200 trade ideas
The downtrend pattern is forming?This week will be the super slides downturn? Seen a lots of indices are getting downward momentum.
Will AUS200 Bounce Back?
OANDA:AU200AUD CURRENCYCOM:US500 CURRENCYCOM:US100
As you can see the indexes mimicking each other, AUS200 index was higher before the Covid-19 Bear market, but strugles to recover as fast as de US500 and US100 indexes. Will it grow faster on the upcoming weeks?
ASX - Downward Pressure Resumes - Look Out BelowDue to a decisive break out of the channel it can be assumed that the wave II correction is over and we should expect wave III to commence.
It appears that the ending diagonal in wave II ended on the 17th of April.
A break below the start of wave i or 5070 should confirm this.
A stop should be placed above 5599.
ASX200 Daily fails twice to clear 38.2% Fib Retracement.ASX200 Daily fails twice to clear 38.2% Fib Retracement.
Also, only completed 1 of three parts of 1-2-3 trend reversal requirement. Time will tell if the 2 and 3 will be completed.
AXS200 possible set up.Failed to make a HH here so far and also a bearish daily candle here, wait for a new HL to form before considering entry. Macd losing momentum as well.
Looks Bearish to meI am new to this but today it broke through all the support. I could be wrong but trace back to 5074.1 level seems very likely at this stage. If it break through 5074.1 level, it might find a new low. Finger crossed.
Waiting to enter SHORT at around 5630if it is going this way, below 4000 is minium --- sounds scary, and it is with HIGH risk!
AU200 is a bearish movement coming? by ThinkingAntsOkUse this as a guide for developing your view of the situation:
Main items we can see on the 4HS chart
a) The price made a pullback on the broken weekly Chanel
b) The Pull-back structure is broken
c) Currently, the price is on a flag pattern
d) We expect a bearish movement towards the next Support zone if the price breaks with a clear candlestick the Flag Pattern
XJO and the BOTH SITES.As we can see, we don't have a really clear entry yet, but anyway we will wait for it! if this wedge decides to break for downside we will wait the retest in the demand zone to make the best entry, the same in the topside so be focused and put some alarms in the both possibilities
XJO, AUS200Daily down Trend Line was broken and upper Trend Line too, we need a retest on the upper tren line, so wait for longs on the Supply Zone using price action
ASX - Looking for a 5th wave in ending diagonal.Looking for a 50% pullback in an ending diagonal before another move down.
Neutral for now, patience is the key.
AUS200 Short - Stop Loss Moved to 2R @ Last Swing HighAUS200 Short - Stop Loss Moved to 2R @ Last Swing High
Breakdown of ASX200 bear market and key retracement levelsThe ASX200 could break below a key retracement level of the recent down trend. This would put it towards the 50% retracement of the GFC
