Au200AUD UPDATE the short brought in a few pip for profits. But this long Position is way more worth it. Hope everyone seen the switch up. Happy Trading day!
SPI200 trade ideas
The Aussies: Mind the Wedges!I show what happened after two wedge formations. Note carefully wedges do not rule the market. The create probabilities not predictions. Wedges do fail.
There is hardly ever a perfect wedge pattern. The most recent one doesn't look too great. Price can fall out of a wedge and rock back in as you will see. Therefore trendlines drawn have to be estimates.
From experience only, recovery from the base of wedges - when the happen tend to get closer to the notional apex of the wedge or exceed them. As I said, there is no rule - because these formations do not rule the markets.
Wedges often don't work. These descending wedges shown are in a bull market, hence the expectation is for price to recover. This market could be collapsing when looked at from a higher time frame. Therefore, I do not expect a good retracement up on the most recent wedge. But I'm always happy to be surprised. My strategy here, is to follow a 5 to 10 min trend up as far as it will go. That means, no targets.
I am aware of much that has been written about wedges out there by many a guru. I do my own thing with these formations. I also know that wedges go by different names. Call it what you want - the important issue is the general shape. I am not a wedge expert.
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Might Break the UptrendI feel like this beauty will break its UpTrend soon. If it slices through My charted zone, after the retest, im entering for shorts
AU200 Short and Long UpdateAll information given on chart. Please don't forget to like and follow for more setups.
Thank you and good luck
AUS200: SHORT Fibo RetracementWe can see on the daily chart that the RSI is above the 70 level and the minors charts are also going back below the 70 level showing it´s losing strenght to keep going higher. If we draw the fibo retracement it might have a retracement until the support line in yellow. I´m not gonna wait until the support because it´s below the 50% retracement level, so my take profit will be at 6300 level. Good lucky folks!
XJO Bullish Set-upXJO on the rise.
Bias 7388.0
Theoretical SL 6496.2
Tp 7064.2
K.
At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
$AUS200 is in the perfect bounce zone$AUS200 is getting ready for a new swing higher possibly within few days to target 7400 upside channel resistance.
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/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.
AU200AUD SHORT TRADE SETUP We have a possible break of structure and retest and 4h.
All information given on chart. If you agree, please give this a thumbs up and you can also follow me for more setups.
Thank you and good luck.
XJO slips below critical support levels at 6522.55The November run ended just below the 6522.55 support level after reaching the 6680.95 resistance level.
The Index could fall to the bottom of the price channel around 6443.30 if it fails to hold above 6522.55.
Critical support levels are estimated at 6443.35, 6364.00, 6284.95, and 6205.75
Risk Management - TD 9 (2 Day Chart) ASX200 $XJO We could see a pullback this week,
RSI are showing overbought, MACD and DMI are showing buyers are slowing down and seller are starting to take profits.
Last week, We failed to break 6713 and had a shooting star candle.
Therefore, if I was shorting this index, that's my stop loss area.
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.
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ETFs - compare strategies in Australia of MVE, VSO, IHD frm 2017ETF comparative strategies in Australia with MVE (VanEck Vectors S&P/ASX MidCap ETF), VSO (Vanguard MSCI Australian Small Companies Index ETF), and IHD (iShares S&P/ASX Dividend Opportunities ETF) - since 2017.
AU200AUD SHORT TRADE SETUP All information provided in the video.
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Thank you and good luck
Long ASX/200 Index The Australian Index continues to edge to the upside as China's economy returns to growth, increasing trade with the Asian region that is key to Australia's export market.
XJO transitioning into new rangeOverall, I believe 6200 is the most it can drop. Breakout next two days will confirm new range of 6400 - 6900. Expect resistance at 6900-7000 range
