SPI200 trade ideas
au200A clear distribution situation is created in the AU200. This current model breaks the demand and creates an "LH" near the 0.618 axis. It clearly gives a hint that the price dump is about to happen. In addition, we can see that a death crossover is created during the daily time period
AUD200AUD currently in PullbackAfter breaking the weekly structure downward, AUD 200 has been in upward correction phase for a couple days while forming bearish Flag on 4hr TF. We can see downtrend continuation once it has retested the previous demand zone now turned supply zone as well as completing its 50% correction which also lies in that area. I will be looking for a Short Entry near the 0.5 Fib level.
AU200 - more selling to come....before the LONG....Let's begin with the monthly - we can see the market has aggressively rejected the top of trend line after creating new all-time high at 7600 zone.
The Strong support is down at 6800 zone - previous all time high.
The monthly suggests we may see more selling.
Bear markets outlawedEW perspective showing aus200 has upside targets of 10k, BRR season never stops
AUS200 Target Price 7271.58A close above 7126.85 exposed resistance level 7271.58 as a target. Watch for a bullish price action signal for a long entry.
Australia back to 2007 levels at lastIs this another sign that the global markets are at or near a peak, given that even AUSTRALIA has now returned to pre-2007 crash highs?
XJO on ASX has confirmation of upward movementThe RSI7 has now gone above the 30 line and the Stochastic39 has gone above the 27 line (127 on chart) and the EMA21 has confirmed by turning up making the upward movement of the XJO index strong. The larger caps will be the main participants in this initial phase because they dominate the index. Looking at the XJO heatmap, year to date, shows a good peppering of green and a good showing of grey meaning neutral/transition. The reds are retreating from view.
AUS200 - 3HR TF - predicted path after recovery of the last few Recently, I did a 2 week price pattern projection of BTCUSD which played out very similar to my expectations.
I have done the same for AUS200 now. Publishing this one here for record purposes only. No advice given.
(the BTCUSD predicted path given below - please replay the bars to see the new candles form after the path was projected)
ASX 200 daily chart forecast
The Index shows a similar trend as the US major Indices, pointing to a reversal after the recent sell-off, but there are major points to watch.
Major support around 6895, 6860, 6804, 6747, 6712
Resistance at 6952, 7044.
The Index needs to remain above 6804 to confirm a reversal to the upside.
The charts' estimates are automated through a system that predicts critical levels of future price movements.
ASX200 Meteo update following a rigorous analysis and a theory on volume
, I expect this scenario🕵️♂️🕵️♂️🕵️♂️
AU200 Analysis | Bears will be activeAU200 has made the top of 7650 and recently retest it, making double top pattern.
Double Top usually considered as a bearish sign and the said instrument shift its trend from bullish to bearish.
Currently AU200 is likely to be in distribution phase and its base support lie on 7130. If this horizontal level is taken out, bears will be active in it and the market will finds its next support on 6900.
To make the analysis more conclusive, the said instrument has already broken the bullish parallel channel support and testing the horizontal level.
Trade your levels accordinly.
Could be a slippery slide lower on the ASXThe ASX200 is under pressure as price falls into the weekend on stock market meltdown fears. US rate rises and inflation, along with other concerns, are weighing on bullish sentiment and testing the patients of buyers. Is this the calm before the inevitable storm?
To me, the 7175 level is the line in the sand after the recent RTF (Double Top) at 7625, and buyers will need to hold the line if we are to see higher prices. Price has extended into the level so may see a bounce on some bargain hunting in coming sessions although this will largely depend on how the US performs tonight.
US bonds are pointing to four rate rises this year which is more than expected and pressuring markets. There are some saying that the US Fed has made a mess of easing and have left it too late to contain inflation so will be chasing with faster tightening. If this is the case, I do not see traders wanting to add risk to portfolios or Funds willing to support price...so now is the time I am happy to be cautious hence the recent short on the ASX200 CFD.
Check out our website and follow us on social media.
AU200 Downside - House of cards.I lately published a SPDR500 short idea as interest rates and inflation are both on the rise in the US.
There is currently a knock on effect in global markets, and this textbook technical short trade exemplifies it.
ASX200 Meteo update following a rigorous analysis and a theory on volume
, I expect this scenario🕵️♂️🕵️♂️🕵️♂️
🎥ASX:XJO - Australia main headline index analysis video 🎥ASX:XJO
I am sharing with you video on quick XJO - Australia main headline index analysis video
Short AUS200After the Correction , it’s going to dive deep towards the support and trend line. Just wait for the reversal confirmation.
ASX - Trouble aheadBlue arrow = Double top
Red arrow = negative divergence
Green arrow = bounce from RSI
Things are starting to look dangerous here. We might get a bounce up to the descending RSI, but overall it is looking fragile. Won't short it until it breaks to the downside of the red horizontal channel
asx short term - Santa RallyAlot of market noise at the moment but I still think there is a Santa Rally just around the corner.
However, the Rally won't be a smooth sail up.
$AUD200 Long opp in the makingPrice has formed a nice double bottom setup and is positioned near an ATH ready to break higher. Good spot for a long pos. The trend is your friend and the trend is up. Always manage your risk
