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AUSTRALIA 200

ASX Consolidation Fluff,P Action Task For The Week = A DirectionLooking for some confidence or lack of, anything really, to move this market out of this range of chop. Price at Mondays open will be APEXing, so hopefully traders can push this in a direction up or down for some clear trading sentiment. If positive during the week an upward carrell channel could form for the following weeks to respect.Taking sentiment away from the charts and to the global economy there could be down side to come as it can’t keep being prop’d up considering this recession. A direction is needed shortly and the market will show that this week…. or next :P 📈Support & Resistance📉* Support Levels 1st Support Zone: 5283.0 2nd Support Zone: 5185.5 3rd Support Zone: 21718.4 Resistance Levels: 1st Resistance Zone: 5478.2 2nd Resistance Zone: 5624.5 3rd Resistance Zone: 5943.8 Price Level Consideration ATH: 7208.2 All Time High Half Way Point: 3604.1 Previous High: 5568.6 Previous Low: 4392.7 🐃 Bulls Verse Bears 🐻 🐃 Bullish above: 6880.9 🐻 Bearish below: 5397.8 Monthly & Weekly Opens Monthly Open: 5520.6 Weekly Open: 5386.9 If P action can break above the present consolidation it would still show strength to get caught up with this previous zone…
ASX:XJO
by LandenInternational
Australia! A Bogans ParadiseHello Traders, Looking at the chart we can see price has been in a well defined channel for the last 10 years. It has taken that long for the price to crawl back up to the previous 2007 top and I mean crawl. From an Elliot Wave perspective these are some unhealthy looking waves with deep retracements each time basically invalidating the EW principle. Either way, you can see some kind of 5 waves impulse pattern. The price reached the previous market top which just so happened to coincide with the top of the channel. The price has tried again to push higher but failed and now looks like a double top and is printing bearish divergence on the RSI. Can they just keep pushing this with QE? I think we all know by now the economy is floating on a debt time bomb. Australia's housing market is one of the biggest bubbles out there which has been fueled through terrible financial practices. I think this economy is going Down Under! Bearish on stralia.
OANDA:AU200AUDShort
by WickHunter
AU200AUD: BEARISH MOVE IS COMING.In the name of Allah, the Most Gracious, the Most Merciful. AU200AUD: BEARISH MOVE IS COMING. Market following Ascending channel pattern Plus major trend is also bearish. IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY. HOW TO TRADE ON OUR SIGNALS. We Explain above you use that lot size whatever Capital you have. Let say, for example; you have 4000 Dollars Capital. We Posted Trade which has 4 Take Profit. We will use 0.20 Total lot size We will divide it in 4 Orders. 0.20 lot Divided by 4 Take profit = 0.05 Lot size. So we will open 4 Trade with 0.05 Lot size for each trade. Let See How We will do. 1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target. 2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target. 3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target. 4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target. Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry. If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target. If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On. Note: This is only for Educational purposes; this is not investment advice. Thanks Adil Khan.
OANDA:AU200AUDShort
by Make_Money_Guru_Bitcoin
ASX - Limitedupside with Head and ShouldersOANDA:AU200AUD ASX200 - Intraday - We look to Sell at 6693 (stop at 6713) The dip was bought and the rally sold resulting in the market posting little net change. An overnight positive theme in Equities has led to a higher open this morning. A bearish Head and Shoulders is forming. Trend line resistance is located at 6708. The previous swing high is located at 6705. Bespoke resistance is located at 6993. The formation has a measured move target of 6460. Our profit targets will be 6490 and 6460 Resistance: 6673 / 6693 / 6760 Support: 6611 / 6490 / 6460
OANDA:AU200AUDShort
by Signal_Centre
2
AU200AUD/SPX500USDThe hidden negative divergence on the daily is considerably more pronounced on the SPX but both of these indices seem to be showing a bit of weakness. It could just be healthy pullbacks, though. Everything about the Aussie pattern says head and shoulders bottom except the glaring lack of breakout volume, which is a requirement for the pattern. As long as the neckline holds on a pullback it can be viewed as still bullish imo. Incidentally, the head measurement from the neckline lands exactly on the .618 retrace of the last swing high, which is interesting. Regarding the SPX, all eyes are on that 2700 level, which is also the .618 of last spill, and would be quite the hurdle if we even get there. Yesterday's whipsaw action on the SPX didn't give a whole lot of clues as to its direction. With a gun to my head I would have to say these indices are headed down for now but kinda seems like we're in a no trade zone at the moment. My current plan is to watch SPX for a break over 2700 for a long or to go short on a rejection of that level. I also think a good play could be to short a break of support. I see support down to the mid 2500s on the SPX weekly, so it would probably take a break of that for me to consider a positional short. As much as I hate to say it, I feel like back and forth news headlines are dominating the price action recently but hopefully we will get a better idea of direction soon.
OANDA:AU200AUD
by jthrasher
3