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Au200

AU200 Analysis | Bears will be activeAU200 has made the top of 7650 and recently retest it, making double top pattern. Double Top usually considered as a bearish sign and the said instrument shift its trend from bullish to bearish. Currently AU200 is likely to be in distribution phase and its base support lie on 7130. If this horizontal level is taken out, bears will be active in it and the market will finds its next support on 6900. To make the analysis more conclusive, the said instrument has already broken the bullish parallel channel support and testing the horizontal level. Trade your levels accordinly.
OANDA:AU200AUDShort
by JustTradeSignals
AU200 - SHORT > LONGAny form of support is greatly appreciated and helps motivate to publish more ideas for the community. OANDA:AU200AUD Important Price: 7040.6 We want to see price move away from this, confirming our move down to 7005.5 . After we see this move happen, purely from a price action perspective we're able to determine a further sell off or SHORT. What do we need to keep an eye on? Pay close attention between 7040.6 and 7005.5 as these prices will help us in staying in a short until Target #1 and Target #2. Target #1 6918.8 Target #2 6818.9
OANDA:AU200AUDShort
by UnknownUnicorn21108119
Australia 200 Index - Convergence sell trade using price actionTaking a look at the Australian 200 Index, we have seen a good potential short term trading opportunity for a Sell. As you can see from the 15 Minute chart we were watching to see what price did if it reached the 6000.0 level as this could potentially show a rejection here because its a psychological level in general. This alone is not going to present a high probability trading opportunity so we look to the price action and the structure of the movement getting there that can help give us a clue. Price was in an ascending channel on the way up which then turned into a more tighter ascending channel inside the larger one. This structure in price showed 3 hits on both of the channels topsides (marked with blue and pink arrows) creating two bearish 3 drive patterns in the process. What increases the probability here is that both of these patterns also converged and lined up with the 6000.0 level. Once we saw price start to show signs of weakness and move lower we just had to be patient and use the lower inner trend line of the smaller channel as our trigger for the short trade if this trend line gets broken to the downside which occurred nicely. For trade management we want to place a stop just above the 6000.0 level and the highest high and live with the result while taking profits along the way as price keeps going lower.
OANDA:AU200AUD
by DavidVillagra
AU200Welcome to this analysis on AU200. Australian stocks have been in a bullish trend since March. Looking at the 12HR chart, It looks like it just broke out of a month-long symmetrical triangle consolidation which should act as a continuation pattern in this case. The target of the pattern is around 6380$ as long as the price holds above the support of the pattern. There is a long term horizontal resistance and an Order Block around the target zone in the 6300$ to 6400$ which has confluence with the patterns target. The price can get to those levels as long as it stays above 5900$. This trade idea has 4.5 Rewards to the Risk ratio. Good luck trading.
OANDA:AU200AUDLong
by Trader_Shayan
4
Trade Idea on AU200 (ASX) by ThinkingAntsOkMain items we can see on the chart a) The price is on an ascending Wedge b) Currently, we can observe a clear corrective Structure (Yellow lines) c) The next resistance zone we have is a weekly one (light blue rectangle) d) Based on the technical elements we have our conclusion is: If the price breaks above the corrective Structure, that will give us a high-quality scenario for long trades towards the next resistance zone e) The Risk-Reward Ratio of this trade is 1 : 2 f) We will move our stop to break even at 6200.00 WEEKLY CHART: (Understanding why we choose that target)
OANDA:AU200AUD
by ThinkingAntsOk
1
Short Analysis on AU200 ( ASX ) 2 timeframes / By ThinkingAntsOk Main items we can see on the 4HS chart: a) From the Historical Higher High at 7200 the price made a bearish movement and found support at 4800 b) From there we observed a bullish movement towards the Broken ascending trendlines of the previous ascending motive waves c) The structure that we can see is a Wedge Pattern doing a pullback to the previous ascending trendline d) We saw a breakout of the wedge pattern and a corrective structure next to it e) Our Forecast is that there is a major resistance zone at 5600 -5650 and we will expect a bearish movement towards 4700-4800 WEEKLY CHART:
OANDA:AU200AUD
by ThinkingAntsOk
Daily Analysis on AU200 ( ASX ) by ThinkingAntsOkUse this as a guide to develop your view of the chart. Main items we can see on the Daily Chart: a) The main structure is an ascending channel b) After the price reached the Weekly resistance zone, we saw a huge sell-off on the index. c) Currently, the price is on a massive support zone d) From there we expect a pullback to the broken ascending channel e) From an Elliott Wave perspective, the movement we are expecting is a B wave (correction)
OANDA:AU200AUD
by ThinkingAntsOk
1
Weekly Analysis on AU200AUD / ASX 200 by ThinkingAntsOkUse this as a guide to develop your setup. Main Items we can see on the Weekly Chart: a)The price is against a significant reversal zone with the possibility of making a double top pattern. b)At the same time, the price is inside an ascending channel since 2009 and currently is against the upper trendline. c)If these two technical points work as resistance for the price, we expect a bearish movement towards the lower trendline of the ascending channel. d)This Chart works with an analysis purpose only. If you want to develop a setup based on this, you should go to lower timeframes such as one day / 4hs and define your Entry filters there.
OANDA:AU200AUDShort
by ThinkingAntsOk