ASX forming a triangle ASX( XJO ) is forming a triangle, Need to watch the break!! Disclaimer: Not an advice to buy or sell!!by ehaarjeeUpdated 662
S&P ASX 200 Index struggles to hold above 6046.70S&P ASX 200 Index struggles to hold above 6046.70 The Index broke through critical resistance at 6046.70 in yesterday's session and reached another crucial level at 6077.60 but retreated and closed the session just above 6046.70. Today's opening trades, we saw the Index started the session above 6046.70 but drifted below this crucial level and down to 6028.50 at the time of writing. The Index needs to hold above 6046.70 to continue to the upside. It could continue down to the next crucial point at 5998.40 if it fails to get back above 6046.70 by Rotuma2
ASX200 Swing long This is a short term swing long trade idea. My technical opinion says that it'll be a choppy way back to 6120. If it breaks and hold below 5900 this will go down much deeper. All long positions around this level should be short keep. Longby trungle83Updated 3
ASX 200 (XJO) H2 support and resistance price chartThe Index could fall to around 5919.70 if it fails to hold above 5975.20. If it pulls through 5975.20, the next level is around 6065.00by Rotuma4
#BearishBat #Australia 200 #Index #ShortWe have a bearish bat pattern near-completion on the 60 minute Australian 200 index. Entry @pprox 6038.5 S.L. @pprox 6069.2 T.P. 1 @pprox 5984.4 T.P. 2 @pprox 5929.2Shortby JayStieren4
XJO parabolic move XJO start of another potential parabolic uptrend if 5900 holdsLongby Trader_for_funUpdated 4
XJO aka ASX200 closing with a bearish signal 🚨👹👿🚨ASX200 closes the week below the uptrend line. Is this going to be the end of the bull market as we know it and be the the start of a long waited bear market? Lets dig deep and analyze. XJO aka ASX200 has been struggling for the last few days to maintain the upward momentum. However, the chart shows a weak and tired bullish actions. But what are the indicators saying? Lets compare bulls and bears case. Bulls: Daily and weekly Momentum positives Price above 50MA Bears: Price below 200MA Price below historic resistance at 5960 Price below the uptrend line QLSMA pointing down Price below Golden fib To me bears are back in action. In order to keep the bullish sentiment, bulls need to take back the lost uptrend line and push quickly towards the 0.618 fib. This will make the recent days price actions like a pennant and the upward move can lead to higher price towards the 7k. I will keep an eye on this index for you so that you do not miss any single price action. Stay safe and have a great weekend. Dont miss my stock of the week episode in Sunday. And keep smashing the likes. by xtf_ze_trader6
AUS200 Accumulation At Key levelHello Trader! AUS200 index is in accumulation at 0.618% Fibonacci Level which is a Key level in Fibonacci retracement. If it breaks this pattern upside it will hit 0.786% Fibonacci Level and if it break it downside it will hit the next support area. Don't Forget to Hit the like button if you find it helpful and informative and follow to catch every wave correctly and remember to share ideas. by Aadil1000x16
XJO - Weekly closeI am hoping for a weekly close that the W formation neckline. Hopefully a drop tomorrow around -0.60%. Before the next couple of weeks we can see a push higher to previous highs. Will update as the environment changes, DYOR, all IMO.Longby camb0_1233
ASX 200 Index support and resistance price chart analysisThe Index spends the end of last week and early this week attempting to break out at the major resistance level at 6065.00 but failed. In yesterday's session, we saw the Index fell to the critical support level at 5919.70 but managed to hold and closed the trading session above this significant point. Today's opening trades, we saw the Index bounced off at 5919.70 and headed towards 5976.20 at the time of writing. The Index could continue to retest the major resistance at 6065.00 if it holds 5976.20 Major critical price points to watch are estimated at 6065.00 resistance and 5919.70 support.by Rotuma3
AUSTRALIA 200 SELLStock market crash. Everything is in the price chart, sooner economic media claim that the reason of the crash is 2nd wave of coronavirus but it's not, it has technical reason. You can predict what news will be released by predicting the direction of market trend. If you found this analysis useful, please like it and share it with others so they can benefit from it too. Shortby MiladNaseh223
Trade is still on !!!Reversal can still happen from this resistance !!! Place your Stop Loss just slightly above this resitance....Shortby TradingistanUpdated 5
NenStar Pattern FormationNenStar Pattern Formed in AUS200 TP 1 -- 5900.13 TP 2 -- 5918.03 SL -- 6199.72Shortby TradingistanUpdated 5
AUS200 ShortPotential Short for AUS200 based on trendline and support and resistance. Wait for a strong impulse to the downside to enter using a 4HR entry. Use proper risk and be reactive to the market not proactive.Shortby emmanuelcooke6
AU200Welcome to this analysis on AU200. Australian stocks have been in a bullish trend since March. Looking at the 12HR chart, It looks like it just broke out of a month-long symmetrical triangle consolidation which should act as a continuation pattern in this case. The target of the pattern is around 6380$ as long as the price holds above the support of the pattern. There is a long term horizontal resistance and an Order Block around the target zone in the 6300$ to 6400$ which has confluence with the patterns target. The price can get to those levels as long as it stays above 5900$. This trade idea has 4.5 Rewards to the Risk ratio. Good luck trading.Longby Trader_ShayanUpdated 446
Seriously, wtf is going on. I'll take it but...Stocks only go up - GOAT 2020 trader Dave Portnoyby tbone1one1337
XJO - Retrace, impulseI am unsure if we will see a nice retrace to the 0.618 FIB before we see one final push to a double bottom, creating a M formation on the weekly before we can hopefully see a great start to the 2020 FY. I will be watching the environment around the 0.618 FIB to see if it will continue up or impulse down for a new leg. A market scare will be needed to see a strong impulse down. Shortby camb0_1238