XJO(ASX200) - 17 SEP, 2024 - Elliot Waves: The Bullish Market© Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M. Wave ((iii))-navy continues to push higher, targeting the nearest target at 8,409.4. While price must remain above 7,918.9 to maintain this view.Longby ShaneHua1
ASX200 eyes a fresh record high The ASX200 is set to open this morning at fresh record highs, seven weeks after striking its previous record high of 8148 back in early August. From here a sustained close above 8150 would open the way for the rally to extend towards weekly trend channel resistance at 8230/50ish. Conversely, a failure to sustain the break above 8150 would keep the ASX200 range bound with scope for a retest of last week's 7918 low. ASX futures closed 53 points (+0.65%) higher this morning at 8168, indicating the ASX200 should open higher at ~8175. by IG_com4
PREPARE TO SHORT AUS200 once the price confirmation.Good morning Everyone, look like the AUS200 trying to reach last Week (Friday High) that would be double top. But would doubted to break old time high 8166. We are going to set up a short position once it retest at the price 8131.6-8129.2 with Stop loss at 8173.6 Target 1 at 8089. Target 2 at 8055.8 Please note: we are not entering yet, until price confirmationShortby ActiveTraderRoom1
PREPARE TO SHORT AUS200Team, I am waiting for the AUS200 confirmation on shorting price will be looking at to short AUS200 at 8038.7 tight stop loss at 8062.8 target 7012.6 target 7993.3Shortby ActiveTraderRoom1
AUS200 - This is what I expect the trend for todayWe have review the market for the AUS200, but we are expecting further downtrend base on the chart which we have set up for AUS200. PLEASE NOTE: We are not enter this trade today. We would consider short at 8012.60, with stop loss either at 8030.40 or 8062.7 target would be 7973.60 and target 2 at 7941.50Shortby ActiveTraderRoom1
AUS 200 SHORT EXPECTACTIONSAfter in-depth analysis of "Trend", "Direction", and "Point of entry" I anticipate going short at the nearest "liquidity engineering" this however depicts the short term drops of Australian stock demand due to high inflation rate from data of fundamentalsShortby anoldmakala29041
Sell stop AUS200 at 7920.4 areaAUS200 is under pressure to the downside after failing to establish its upside momentum. The price also broke channel and trend line support indicating its strong bearish momentum. The price also failed to stay above moving averages, and seasonally, September is known as a bad month for the stock market as well. I set my sell stop below the swing slow to catch bearish momentum and set my stop loss above the swing high on a 4 h timeframe. Trade safe and manage your risk guys Happy tradingShortby aryoTraderXUpdated 2
AUS200 Risk On VS Risk Off (Trade Plans)AUS200 alike many equities has taken a hit and rebounded on calming sentiment pre US data. This sentiment can easily twist today, although price still seems reasonably weak. Maintaining short bias.by WillSebastian3
AUS200 in Bullish TrendAUS200 is in bullish trend making HHS and HLs. The chart is in upward trend on daily and hourly chart. I have chosen 4H time frame for analysis. There is a bearish divergence along with bullish hidden divergence and hidden divergence is stronger than regular divergence. Also for confluence sake, the SMA of 10, 20 and 50 are in the trend support and the static support is also very strong as it was a strong resistance and SR flip occurred. It is complimenting the trend line. The Fib retracement for downward trend has also exceeded 0.618 level considering the trend to be a weak one for downward movement. The Signal is: EP: 8124.86 SL: 7980.71 TP: 8269.01Longby MuhammadArif0392
ASX200 to finish the month higher as stunning rebound continuesThe ASX200 finished 26 pts (-0.33%) ⬇️ yesterday at 8045 after earnings reports at home, and the US missed the mark. However, in a repeat of Wednesday's price action, heavier losses were trimmed after month-end buying emerged around lunchtime. Watch today for more month-end buying, which will see the ASX200 likely finish the month in the green—a remarkable recovery after being down 5.7% in early August. ASX futures closed 46 points (0.57%) higher this morning at 8055, indicating the ASX200 cash will open higher at 8089.by IG_com2
SET UP SHORT FOR AUS200Good morning everyone, beautiful day in Melbourne after 6 months cold in winter. I have a set up short position for AUS200. STOP LOSS at 8075, target 1 at 8013- target 2 at 7989 and target 3 at 7973. Shortby ActiveTraderRoom1
AUS200/ASX200 - waiting for CPI come out soonIf the monthly consumer price index is 3.4%, as consensus, i think more room to go down. Please refer to the set up short position at 8029-30, with stop loss at 8060. with target at 8009-7989. Please be patience and wait for data come out. as it could volatile and trigger your stop loss. Shortby ActiveTraderRoom111
AUS200 - In bullish trendAUS200 is in bullish trend and my analysis is on an hourly chart. There is no divergence on 1H time frame. AXY (Australian Dollar Index) is falling hence giving a boost to AUS200. I have planned my entry after apply FIB @ 0.382 (Buy Limit Order). The Signal is: EP: 8088.10 SL: 8036.56 TP: 8139.60Longby MuhammadArif0390
AUS200 OR ASX200 continue bullish. AUS200 update. if you see a strong pullback in 5-15 minutes, 2 red candles continue and get out of the long position. Otherwise, targets 2 and 3 continue. Longby ActiveTraderRoom1
ASX200 recovery under review With two weeks left in August, the ASX200 is down 1.50% MTD after being down a hefty 5.7%. The ASX200’s rebound from the 7600/7500 support area which includes the 200 day ma highlights its importance as the downside level to watch going forward. While the focus has switched to the topside, a retest of the 7600/7500 support area before year end is a strong possibility with an eye on the seasonally challenging month of September. ASX futures closed 14 points (-0.18%) lower on Saturday morning at 7898, indicating the ASX200 cash will open lower at 7965.by IG_com2
AUS200 - In Bullish Trend (Multi Time Frame Analysis)This index is bullish on a daily time frame and a resistance and support level are drawn (purple rectangle). The bullish trend is also denoted by a purple trend line. There was a divergence on 1D time frame which resulted in a downward trend for few days but after that it again got back in bullish trend. On hourly chart there was a bullish diversion which reversed the trend back to bullish which can been seen from daily time frame. A trend line is also drawn on an hourly chart along with an ABCD bearish reversal harmonic. Currently there is no divergence on a hourly chart but there is one on 15m that would result in a form of correction in the trend on hourly chart. I have placed my order of Buy Stop on 15m time frame because the probability is high for an upward trend till it test the 1D resistance level. The Signal is: EP: 7966.60 SL: 7916.80 TP: 8016.40 RR: 0.25% Longby MuhammadArif039442
Strong Bullish Outlook Amid Potential 1W Support RetestHello Everyone, We’ve reached our previous target of 8123 for AUS200, and the price is once again testing the lows, preparing for another upward push. However, there’s currently a strong likelihood that the price may retest the 1-week support structure. Despite this, our long-term outlook remains strongly bullish! TradeWithTheTrend3344Longby TradeWithTheTrend3344113
Domino Effect -Australia's Exposure to a Sino-Taiwanese ConflictA potential armed conflict in the Taiwan Strait poses significant geopolitical risks with profound economic implications for Australia. As a key member of the Five Eyes intelligence alliance, Australia’s strategic interests are deeply intertwined with regional stability. The potential impact of such a conflict on the Australian economy. Economic Impact Assessment A Sino-Taiwanese conflict would likely trigger severe economic disruptions for Australia. The nation's reliance on China as a primary trading partner, particularly in the mining and agricultural sectors, would exacerbate the negative impacts. Key sectors and their potential implications are outlined below: Mining: As a dominant contributor to Australia's GDP and a significant component of the S&P/ASX 200, the mining sector would face substantial challenges. Disruptions to iron ore and coal exports to China would negatively impact major mining companies such as BHP Group and Rio Tinto, collectively representing approximately 5% of the index. Agriculture: Given China's status as a key market for Australian agricultural products, the sector would experience significant revenue losses. This would affect companies involved in grain, meat, and dairy production, although their overall weight in the S&P/ASX 200 is relatively smaller. Tourism: The tourism industry, still recovering from the COVID-19 pandemic, would face renewed challenges due to decreased international travel. Qantas Airways, a prominent component of the S&P/ASX 200, would be directly affected by declining passenger numbers. Financial Services: The broader financial system would likely experience increased volatility, credit rating downgrades, and elevated insurance claims. Australia's major banks, including Commonwealth Bank, Westpac, and ANZ, which collectively hold substantial weight in the S&P/ASX 200, would be exposed to these risks. Implications for the S&P/ASX 200 The S&P/ASX 200, as a market-capitalization-weighted index, would undoubtedly reflect the economic challenges posed by a Sino-Taiwanese conflict. Given the significant weightings of mining and financial services in the index, a sharp decline is highly probable. The severity and duration of the market downturn would depend on the scale and duration of the conflict. Historical Precedent While direct comparisons are limited due to evolving economic structures and geopolitical contexts, historical data from World War II and the Korean War provide valuable insights. Both periods were characterized by significant market volatility, with sharp declines followed by varying recovery periods. Conclusion A Sino-Taiwanese conflict presents substantial economic risks for Australia, with the S&P/ASX 200 serving as a barometer of these challenges. The potential impact on the Australian economy and financial markets underscores the importance of robust risk management strategies and contingency planning.Shortby signalmastermind3
AUS200 in Bullish TrendI have been monitoring this index for quite a while. It made a bearish flag on an hourly chart. There was a bullish divergence which propelled the chart to get bullish which resulted in the formation of a bearish flag. I was waiting for a breakout of a bearish flag to put a short trade for the index but the breakout turned out to be a false one. The trend is bullish now and I have marked a key support level. I have now placed a pending order of Buy Limit by using FIB. No divergence is noted on the current trend. The Signal is: EP: 7828.22 SL: 7765.61 TP: 7890.83 RR: 0.5%Longby MuhammadArif0390
AUS200 ANALYSIS AUS200 has formed a sweep of the previous high and then change of Character waiting for the retest of the the failed order block which will be my entry. Shortby successusd110
AUS----200-------Bearish there are series of lower low and low high and before there is bearish divergence and trend is retest the support becomes resistanceShortby ali110021