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Australia 200 Index Cash

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AUS200 trade ideas

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
ASX200 extending into key resistance..is the party ending?!The ASX200 has had a strong run up after breaking through 6200 earlier in the month off a higher low. Price is getting extended and we expect a further push from the bulls and reaction around the 6845 area. For further bullish action price will need to consolidate a pullback below the level before a thrust up and through to new highs. The previous move to 7200 before the Feb selloff was an extension of the highs so we may see some profit taking at this level again. Either way, a pullback should be deemed as healthy to reset for continuation...nothing keeps going up in a straight line and it may be getting to the end of the party in the near term. ------------------------------------------------------------- WE TRADE WHAT WE TEACH Check out our recent Live Streams from our profile page!! ------------------------------------------------------------- ** If you enjoy our free content, please support and follow our profile, by hitting the Follow button to get further high quality ideas. ** ** If you are following our ideas any comments and likes are most welcome and will be greatly appreciated ** ** With quality alerts and correct Risk Management, you can learn consistency and grow your account ** ** With quality portfolio management and defined risk levels to help your account grow and achieve steady profit targets while increasing your trading edge. **
ASX:XJOLong
by TradeTheStructure
Candle and wedge pattern - Starring The Aussies! This is an interesting position. Anything is possible. No advice is given. New traders may need to study these patterns and practice on paper trading accounts. Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. 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:AUS200
by Captain_Walker