AUS200 forming a very neat H&S patternI am short on AUS200, H&S pattern spotted.
DOYR! This is not a financial advise.
AUS trade ideas
Steve's Gun2Head - Selling Australia 200 (AUS200AUD)Trade Idea: Sell Australia 200
Reasoning: Bearish engulfing forming on daily chart, Stalled at resistance and turned lower under Ichimoku cloud on 4-hour chart.
Entry Level: 6494.5
Take Profit Level: 6254.5
Stop Loss: 6554.5
Risk/Reward: 4:1
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Aust 200 Hi
Hope all are fine.
I feel that this setup haven't complete it's journey.
May you progress in life in bless.
How to catch a falling knife?!!!We are oversold on the indices and will be looking for a bounce...dnt know if its just temporary relief or the bottom....I dnt care actually I will just carve up my piece of the meat:)... buy stop at 6475. . . . .(already pocketed gains from the short see attachment)
ASX Extremely Oversold Friday Afternoon Short SqueezeLooking for sellers to take profit and bargain hunters to squeeze this heavily sold Australia stock index into the close Friday or for Pop higher Morning if US stocks can Bounce.
In large sell offs Friday are profit taking days for sellers and this naturally causing some buying as they close short positions and in the fallout there are some stocks that are bought on dips that help the whole index rally.
Some good news would help but technically its sets up some excellent 3-1 and 5-1 risk rewards.
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AU200 - Looking for a short term reversalAU200 has reached .382 from th large swing.
It looks oversold and has also reached a 1.272 ext and a 2 from previous swings.
The target would be the .382 of the last swing lower.
We can look for some buying that may be the beginning of a short reversal. There's not enough buying just yet but we should keep an eye on this.....
I am a bearThe markets arent looking healthy, too much cash rate pressure on risk on markets. I can't see the next 12-18 months being fruitful. In saying this I think that there will be some great buy opportunities as long as I have enough capital to take some positions. The ASX looks set to come down to 6400-6200 points. That monthly candle dipping in there would give me some confidence in averaging back into the markets.
The green trendline when touched has seen a bearish market take hold for that 12-18 month period. So there may be opportunities for me to short this market to build capital and buy at the bottom. DYOR NFA
AUS200 warning signs potentially From technical analysis point of view & doing our top down analysis shows buyers looking expensive.. aka weak. As well, there seems market makers could have region for taking profits in and around current prices..
Price action is building throughout other timeframes but no clear confirmation is visible on monthly yet. Sure price could simply "pause and refresh" and build new manual demand zone continue higher on, but we need discount prices to be had beforehand.. thats how supply and demand principles work.
How low will it drop? ASX 200 looking bearishMacro risks ahead, high inflation, rising rates and slowing economic growth. Portfolio allocations and cash will be vital in the next 12 months ahead.
au200audi think au200 index will rise soon and continue rising up in the futur let's wait and see what happens
AU200AUD High-risk Initial LongAU200AUD High Risk Initial Long. Targets and SL on chart. 10-20X leverage. Move SL on every TP.
RBA hikes rate by 50bp and turns hawkish amid soaring inflationRBA has announced the biggest single hike in the cash rate since 2000. Inflation in Australia has increased significantly and is expected to increase further. RBA wants to combat inflation before it gets out of control.
RBA expects to take further steps in the process of normalizing monetary policies over the months ahead.
ASX fell sharply, more than 1.5% decline, after the unexpected news as only 3 out of 29 economists predicted 50bp rise. Economists now expect today’s hike is a start of a series of aggressive rate hikes over the rest of this year, which will push borrowing costs higher across the economy.
Potential Bullish Momentum On the H4, with price moving above the ichimoku cloud and within the ascending trenddline, we have a bullish bias that price will rise from the buy entry at 7154.3 in line with the 61.8% fibonacci projection to the take profit at 7366 in line with the overlap resistance level and -27.2% fibonacci expansion. Alternatively, price may drop from the buy entry to the stop loss at 6996.2 in line with the swing low.
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AU200 2nd JUNE 2022Australian shares are expected to start the day lower tracking overnight losses on Wall Street. Energy crisis statement just released. Queensland businesses are calling for a state government rebate to offset surging power bills.
AU200 H4 Breakout
XJO - June Historical Performance is Consistent with RandomOver the past 22-years, the historical performance of the S&P ASX 200 Index for the month of June is more noise than signal & consistent with random. However, in each of the past 4-years, the month of June delivered a gain of over 2%.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the 'risk' expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.
XJO - Google search for the term "Bear Market" has halvedAccording to Google Trends, with regard to Australia, the interest in the search term "Bear Market" has approximately halved from the recent relative 1-year peak of 100 to just under 50. What does this portend for the S&P ASX 200 Index looking forward?
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.
S&P ASX 200 Index - Upside Tendency following 4 Down WeeksS&P ASX 200 Index has fallen for the 4th consecutive week. Since 2000, following 4 consecutive down weeks, the XJO had a tendency to reverse course, posting an average 20-day gain of 2.6% with a win rate of 18 from 24.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.
ASX200 support remains from 6910Hi all, this morning, it's hard not to notice 6910 support on the ASX200 daily chart. Sellers once again breached the level but have again been unable to hold the break with buying developing in today's cash session.
We see this level as key support as it has held firm since April 2021. Green circles show the amount of times sellers have been unable to break the level since April. Interestingly, we've seen four moves higher after a level test. Today's idea is not a buy or a sell, it's more of a heads up.
We will be watching this level to see if any further ideas develop.
XJO - Wyckoff Distribution My first go at doing at mapping out a Wyckoff distribution on an index. Was a bit tricky for me as couldn't find a really obvious end to phase A as the automatic reaction wasn't aligned with subsequent sign of weakness lows. Feedback welcome. Let me know what you think.
XJOHalfback rally for our index. Relief rally. All things considered, Monday should be a down day after most stocks on the NYSE took a beating.
AUS200 Forecast 25 April 2022I don’t really like Mondays in trading. Will the market continue Friday bearish move? Or consolitate and try to go up to 20EMA?
Based on technical analisys and indicators on 4hrs chart AUS200 is oversold, 50 EMA is holding a support, on the daily chart the market has room to go lower towards trent line to 7200 area.
Does it happen tomorrow? Don’t think so. Tomorrow is Bank Holiday in Australia and I don’t expect big movement either way. Momentum is definitely towards downside but these days anything can happen and markets often are unpredictable.
It’s not a trading advice, trade safe!
How does it look, well this is howThat's 4x top on 3M timeframe.
Correction to VPVR, -20%.
Good luck.
