MIN Fibonacci, prepare entranceWe are at the end of L2, if tomorrow or after the trend turns, it will be time to buy ...
Asxlong
ASX Approaching Support, Potential Bounce!ASX is approaching its support at 6242 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support, channel support) where it could potentially rise to its resistance at 6289 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) bounced off its support at 6% where a corresponding rise could occur.
ORIGIN ENE FPO 1D ASX - ORG can go close the GAPWell, I start by saying that the "STOP" should be just under 9.36. The last candle is low, but did not break the "STOP" so there are great chances to open, fall and come back to break what might be the Point of Entry at 9.45. Occurring this and breaking the Average of 9, the target will be the closure of the GAP at 9.72. And for this to occur the low channel will be broken. #luizdenot #xbroker #energy #ASX
S&P ASX 200 Australian index longs at demand zonesS&P ASX 200 Australian index long bias.
Previous strong weekly demand level in control from around 5720. New very strong weekly demand created at 5804
Waiting for weekly highs to be solidly broken before going long again. Longs lower at weekly demand imbalance or new
daily and weekly demand zones if weekly highs are broken
ASX being held up by ascending support lines!ASX is being held up by ascending support lines where it a potential bounce on weakness at 6009 (23.6% Fibonacci retracement) could occur. This could cause price to rise to its resistance at 6112 (100% Fibonacci extension, horizontal swing high resistance).
RSI (55) is being held up by a corresponding ascending support line and the ichimoku cloud is showing signs of bullish pressure which contributes to our bullish bias.
ASX testing resistance, potential drop! ASX is testing our first resistance at 5989.2 (horizontal swing high resistance, 76.4% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 5871.9 (horizontal swing low support, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also seeing a bearish divergence and is approaching our major resistance where a reaction off this level might be a good precursor for a potential drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
ASX approaching resistance, potential drop! ASX is approaching our first resistance at 5989.2 (horizontal swing high resistance, 76.4% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 5871.9 (horizontal swing low support, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also seeing a bearish divergence and is approaching our major resistance where a reaction off this level might be a good precursor for a potential drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
ASX approaching its resistance, potential reversal!ASX is approaching its resistance area between 5851 to 5885 (50% Fibonacci retracement, 38.2% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback resistance) where it could potentially react off it, causing price to fall to its support at 5692 (horizontal swing low support). We have also identified another resistance at 5960 (horizontal swing high resistance, 76.4% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reaction could occur.
