Get started

Asxshort

ASX Top HeavyLooking at the ASX on the monthly chart Seems like a never ending 10 year bull market *Years calculated since last retrace in 2008 to current 2019 is 11 years. We are coming to the end of another 10 year market cycle (or GFC) *I've added an AB=CD (in blue) to price to project where D will end. I've also cloned price for a better visual. *Target objective is showing to hit the 1.445 fib extension *I've cloned the 2008 GFC pull back and added it to the top of price for a projection of where price may pull back to. *The fibs from A to B retracement hit the 618 fib and with the clone setup from C to D also fit the 618 retracement which also happens to ling up perfectly with the trend line. *Volume has dropped off significantly *OBV has created a W indicating price wants to go higher *Bearish divergence in the Histogram *Will is embedded and stupidly over bought *RSI is also showing bearish divergence *VPVR is also showing that its in single ticks *The 200ma is also sitting around the POC of VPVR at $35 *With a GFC inevitably lurking around its only a matter of time before this bull comes to an end. * Don't forget to hit that like button and follow me on Trading View for more chart analysis :)
ASX:ASXShort
by Cryptonite_trader
ASX approaching support, potential bounce! ASX is approaching our first support at 5807 (61.8% fibonacci extension, 23.6% fibonacci retracement, horizontal pullback support) and a strong bounce might occur below this level pushing price up to our major resistance at 5928(61.8% fibonacci retracement, horizontal swing high resistance). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
OANDA:AU200AUDLong
by Tickmill
ASX approaching resistance, potential drop! ASX is approaching our first resistance at 5838 (100% fibonacci extension, 78.6% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 5601 (50% fibonacci retracement, 61.8% fibonacci extension). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
OANDA:AU200AUDShort
by Tickmill
SHORT ASX approaching resistance, potential drop!ASX is approaching our first resistance at 5788 (100% fibonacci extension , 50% fibonacci retracement , horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 5389 (100% fibonacci extension , 76.4% fibonacci retracement , horizontal swing low support). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
OANDA:AU200AUDShort
by Tickmill
ASX approaching resistance, potential drop!ASX is approaching our first resistance at 5788 (50% fibonacci retracement, 100% fibonacci extension, horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 5389 (100% fibonacci extension, 76.4% fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
OANDA:AU200AUDShort
by Tickmill
ASX approaching support, potential bounce! ASX is approaching our first support at 5314 (100% fibonacci extension, 78.6% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 5695 (100% fibonacci extension, 38.2% fibonacci retracement, horizontal swing high resistance). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:AU200AUDLong
by Tickmill
ASX approaching support, potential bounce! ASX is approaching our first support at 5516 (50% fibonacci retracement, 61.8% fibonacci extension, horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 5950 (100% Fibonacci extension , 50% fibonacci retracement, Horizontal overlap resistance). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
OANDA:AU200AUDLong
by Tickmill
ASX approaching support, potential bounce! ASX is approaching our first support at 5520 (61.8% fibonacci extension, 50% fibonacci retracement, Horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 5950 (100% Fibonacci extension, 50% fibonacci retracement, Horizontal overlap resistance). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
OANDA:AU200AUDLong
by Tickmill
ASX approaching support, potential bounce!ASX is approaching our first support at 5546 (61.8% fibonacci extension , 50% fibonacci retracement , Horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 5950 (100% Fibonacci extension , 50% fibonacci retracement , Horizontal overlap resistance). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
OANDA:AU200AUDLong
by FlowState
ASX approaching support, potential bounce! ASX is approaching our first support at 5546 (61.8% fibonacci extension, 50% fibonacci retracement, Horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 5950 (100% Fibonacci extension, 50% fibonacci retracement, Horizontal overlap resistance). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
OANDA:AU200AUDLong
by Tickmill
Hang Seng Index approaching resistance, potential drop! Hang Seng Index is approaching our first resistance at 28029.9 (horizontal swing high resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement where a strong drop might occur below this level pushing price down to our major support at 24437.6 (horizontal swing low support, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price below this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:HK33HKDShort
by FlowState
ASX approaching support, potential bounce!ASX is approaching our first support at 5586 (Horizontal overlap support 61.8%, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 5908 (horizontal swing high resistance, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:AU200AUDLong
by FlowState
ASX approaching support, potential bounce! ASX is approaching our first support at 5590 (100%, 61.8% fibonacci extension, 50% fibonacci retracement, Horizontal swing low support) and a strong drop might occur below this level pushing price up to our major resistance at 5949 (100% Fibonacci extension, 61.8% Fibonacci retracemen, Horizontal overlap resistance). Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
OANDA:AU200AUDLong
by Tickmill
ASX approaching support, potential bounce! ASX is approaching our first support at 5560 (61.8% fibonacci extension, 50% fibonacci retracement, Horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 5950 (100% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal overlap resistance). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:AU200AUDLong
by Tickmill