XJO AUS200 rising resistance incoming - short or long possibleXJO AUS200 rising resistance incoming - short or long possible
If Daily bounces of resistence for 1-3 days, short, finishes above for 1-3 days, LONG!!!
ASXAUD trade ideas
XJO range boundThe XJO has had a weak bounce compared to its big brother the S&P, its now consolidating ready for its next move a potential double top I have been in and out short on this one and with all the government stimulus I have played this one wrong. Maybe I should have focus my shorts on the Aussie banks and flipped the XJO as a long.
As 1.9T of stimulus rolls out in the US economy and if the market deicides to play drunk and push the S&P higher we should see a nice rally on the XJO making new highs.
6260 would be an invalidation and you should then look for shorts.
ASX200 Supercycle end?A potential scenario for XJO using Elliott Wave. Some other scenarios include an alternate placement of (IV) and an extension of (V) but this one has the best fit.
I go into more detail in this video:
www.youtube.com
Not financial advice, DYOR.
AUS 200 IS RIDING INSIDE CHANNELAUS 200 IS RIDING INSIDE CHANNEL .
WE ARE WAITING HERE FOR DECISION :-
IF MARKET SHOWS SOME REJECTION WE WILL DECIDE TO SELL 🍅
AND IF IT BREAK THE CHANNEL THEN GO FOR LONG.🥦
📢IF YOU LIKE MY IDEA HIT LIKE BUTTON👍 AND REMEMBER TO FOLLOW FOR MORE UPDATES⏳
XJO ASX200 will bounce off upper resistance and go lowerXJO ASX200 will bounce off upper resistance and go lower
Risk Management - ASX200What a close for Australia ASX200,
closed below 20 MA and 50 MA.
If we gap down and not close above 6586 early next week then support will turn to resistance.
This would indicate a pullback or correction is very likely...
Cycle of 5 x 60I believe we are going to see another flash crash here, price has progressed for 2 units of time (120days) declined for 1 unit of time (60days) and gone up another 2 units (120days) signalling a change in trend. :) Good luck :)
AUS 200 dump, and the sweet little bear flagWe've a good short opportunity here. I'm in at the top of flag.
What is happening here? What is giving us clues here?
Let's chat further about this in the network.
Cheers and trade safe
Dale
Where to from here for the ASX200Is the pullback today the start of something more sinister or just another flush lower to clear out some of the weak hands before having a run on new highs. We can see that the momentum is fading as we run up into previous highs but we have seen this action prior to making new all time highs that start of last year. For now, the 6585 area is key to hold to support the bulls. We will see in the follow few sessions whether the market is flushing lows prior to a run at highs or whether there is more downside to come.
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AUS200, sellHow to use TP!
When the order price breaks down Tp1,
you wait for Tp2 and SL moves to Tp1,
so as to secure earnings.
So with Tp2 to Tp3.
When we publish the closing of a position, you close it.
When the order comes to SL, always
consult with us, do not close the order.
Follow your open positions!
Bearish on XJOWhile noting a flatline on the candlesticks with a dropping momentum, we are inclined to believe that the Aussie fund will drop down. Currently we are looking at 65k, 64k, 63k projected levels. Fractally, it looks we are just due for a bit of a pullback anyway. Fractal analysis is not just a science, but a whole artform as well.
ASX - Wave Revision - Wave E In ProgressUnlike the Dow Jones it appears that the ASX has seen the end of Wave D.
We are dealing with an ending diagonal Wave E.
We have already seen Wave i and it appears Wave ii is almost complete.
Resistance is 6775 so this would be a good stop level.
I am shorting this from the highs until I see a completed Wave iii Zig-Zag to the downside.
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Buy AUS200Buy AUS200. There is a trend reveal to the upside because it created a higher high and a higher low. Stop loss 6617.96, take profit 6708.52
AUS200 - ASX - Long Trade Idea - Wave 5See related idea below to understand what we are trading and why.
We are targeting all time highs.
Entry: 6681.73
Stop: 6623.45
Target: 7200.00
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AU200AUD SHORT TRADE SETUP Possible Daily Head & ShouldersPossible head and shoulders on daily chart
All information given on chart. Please don't forget to like and follow for more setups.
Thank you and good luck
You can watch video as well for a better explanation
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.
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AU200AUD SHORT TRADE SETUP All information given on chart. Please don't forget to like and follow for more setups.
Thank you and good luck
Previous Video where I called out this setup
