Long on AUXAUD200 on the 4 hour chartI see a potential long term target of 5600 on the AUXAUD200 on the 4 hour chart.
Its broken the resistance at 5340 and above the 26 EMA which confirms the long trend.
Target: 5600 SL 5335
SPI200 trade ideas
ASX200 keeps rocking the cityXJO aka ASX200 keeps going high but what will be the potential targets before a pull-back? Can we expect a straight V-shape recovery with no looking back? Lets dive into the TA and analyze.
It seems ASX200 bounce from the 200Monthly MA last month has triggered a market recovery chain of events. But can we trust that? To me the real recovery would be confirmed if we close a weekly candle above 5800. Bulls can be happy that 0.382 fib milestone is reached, we have the price above LSMA line, the velocity is looking upwards
, but from the market structure point of view 5.8k needs to be taken, then 50MA and finally 0.618fib.
Keep an eye on this chart as a guide to whether you can invest in individual stocks. I will update you if anything changes.
Be safe.
XTF
Crash Continuation or Restoration?Over the last week or so we've seen all major indices rallying like crazy despite all the negative news and ongoing issues with covid-19. However, I think that the rally may be coming to a close shortly. As of today It's currently Easter Monday in Australia so the markets are closed. In this chart we can see:
- Potential bearish pennant coming to the apex
- convergence of price and H1 + H4 EMAs-
- Nearing closer to the Fibonacci Golden pocket which held us down recently.
What I am looking for in terms of entries:
I'm personally keeping an eye on the Golden Pocket for any chance of a rejection. Should we happen to get rejected again then we would be putting in a double top, (Bearish reversal pattern).
Important note:
BE CAREFUL. No matter how much TA or fundamental analysis you can bring to the table, we are in a completely different market situation where in a moments notice all that research could be thrown out the window. Any traditional fundamental trader can tell you that 16 MILLION jobless claims in the US alone is no reason for the markets to have one of the best weekly runs in history, so take all of this with a grain of salt and remember risk management is key. At the end of the day, you are NOT A TRADER, you are a RISK MANAGER, remember that if you want to remain profitable.
Let me know what you guys think and if you enjoyed then please consider liking and following, thanks!
OZ CENTRAL BANK ENGINEERS STUPIDEST RALLY I HAVE EVER SEEN! !! DEAD CAT BOUNCE NO. 1 ;
CREATED WHOLLY AND SOLELY BY OUR RESERVE BANK'S MORONIC QE free helicopter money for the Markets and consequently bolstering asset prices. I saf FK it, let it Rip. Let the Market decide how healthy it is on its OWN without massive interference WITH THE RBA as a MASSIVE MARKET WIDE Buyer.
... TBH the KILLJOYS have taken ALL THE FUN out of it! They have set effectively a floor under ANY downside moves...so Pitting your Bear Wits against those of the Bulls....well, down thew Memory Hole until they stop buying which they claim to be "open ended" ..?
WTFKNGF? !!!!
Surely the RBA know that unbridled Printing causes far more SERIOUS EXISTENTIAL PROBLEMS in the Real Economy than if poor, inflated, debt funded Asset prices of the upper income bracket percentile were to find the correct
unadulterated natural Equilibrium. No we couldn't possibly ALLOW THAT to happen !
FRRRROOT!!! THIS POLICY will bring about the end of the current World Financial Regime altogether...like I've consistently said ;
this IS the BIG ONE for Our Age.
How very exciting Life, All of a sudden, has become!
My Positions have not changed
Long Physical Au , long COVID DRIVEN DEMAND SPECCYS
SHORT XJO via Puts once this Dead Car is over. I predict Mkt on Wednesday I'll be slamming so more on early in the Session - fairly tight maybe a longer expiry this time...Strikes maybe 5200-4900??? Thoughts opinions, drivel...all welcome.
Happy Easter ALL and God Bless.
Always DYOR.
XJO "Dead Cat Bounce"outlined are major S/R levels, I am looking for a "dead cat bounce play if the down side momentum can reverse from this level over the next few weeks.
I would like to see either two scenarios play out rejection at 5980 or consolidation above 5980. Currently looking for longs if we can find a trend to the upside as a relief rally, entering short from this level is high risk as we may see a short squeeze if we do get a relief rally to R1.
ASX 200 leading diagonal for first corrective waveASX 200 looks to have put in a leading diagonal for the A wave. Looking for the B wave to retrace to the 0.618 fib (~$4800) where I'll open up new longs for the C wave. GL if you follow! :)
AU200 going up Ascending triangle breakout, similar to many other asset class at the moment, there's major shift of sentiment going on.
###This is not an investment advice, trade with care with your own risk!###
