AUS200 trade ideas
XJO, AUS200Daily down Trend Line was broken and upper Trend Line too, we need a retest on the upper tren line, so wait for longs on the Supply Zone using price action
ASX - Looking for a 5th wave in ending diagonal.Looking for a 50% pullback in an ending diagonal before another move down.
Neutral for now, patience is the key.
AUS200 Short - Stop Loss Moved to 2R @ Last Swing HighAUS200 Short - Stop Loss Moved to 2R @ Last Swing High
Breakdown of ASX200 bear market and key retracement levelsThe ASX200 could break below a key retracement level of the recent down trend. This would put it towards the 50% retracement of the GFC
AUS200 Short - Peak and Trough ProgressionTechnical Analysis - Using peak and trough progression, Wyckoff Method and chart pattern analysis
Short AUS200 Re-distribution Wyckoff - Intraday 15 minShort AUS200 Re-distribution Wyckoff - Intraday 15 min
AUS200, AU200, SPI200, ASX200 - 4 Hour Chart - WyckoffAUS200, AU200, SPI200, ASX200 - 4 Hour Chart - Wyckoff - Distribution (within a larger re-distribution trading range)
GET READY! Aussies may have a problem. Price is struggling below ATR line.
Probability south is 55% (45% for the north). How far south if it moves, is another matter.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile, and you lose your money, kindly sue yourself.
Bear Flag Break DownBear Flag break down.
Parabolic Sar of this dead cat bounce has flipped to sell.
Momentum on Stoch RSI flipped downwards.
SELL.
AUS200 ShortClean Break and Fib Pullback for Entry...with a trailing Stop, so Risk Reward is adjustable.
XJO Bearish Wedge PatternI haven't seen anyone else post it so thought I'd give it a go, the rising wedge pattern is a common formation in bear markets, the closer price moves within the formation to the apex point, the more likely a breakdown will occur and we are close this point as seen in the chart... We have been respecting this pattern really since the start of the rally which really seems to be looking like it has run out of steam (only slightly higher highs since the 31/03) we have only added on an extra 3% since 31/03.
Even after today's surge, which was looking very strong until it reached the top of the wedge range and acted as resistance.
SPX 500 also has the same pattern and I'm convinced that a big move down is coming perhaps near the end of the formation, which looks to be lining up with a challenge of the 50MA on the daily TF, which may eventuate next week or the week after.
Wait for confirmation of course before entering a position.
AUS200 Short Morning Friends,
As you know I am short on OIL ($10) also short on Gold and short on Stocks.
Have a great trading week ahead ...
AUS200 Resistance for the week aheadThe Fibs have worked perfectly in the last 4 weeks and it has provide some profit taking over the last week.
The coming week we see the following:
1. The buyers have broken the 0.38 fib resistance of 5497 but the sellers immediately took over avoiding the market to go any higher.
2. Monday is going to be an interesting trade day, as we are waiting for confirmation to eighter go higher or lower, but with all the good news on a possible vaccine and the Australia opening soon. My guess is that this market could go higher to the 50% Fib in the coming week.
3. Here are my trades for next week:
3.1 I will sell if the market dip below 5400 with SL at 5500 and TP at 5100
3.2 I will buy if the market goes higher than the higher high, that said my trade is set at 5600 with TP at 5770 and stop lost at 5480.
3.3 The sellers have taken control of the market the eight-time it has reached the 0.38 Fib forcing the market to retreat. Some big sellers around the
the world see this as an opportunity as most international markets(DIJ,SPY and SP500) have broken the 0.38 Fib
