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Gann Box

ASX200 - Breakout! Target 10800After the v-shaped recovery from the COVID-19 pandemic, we have seen a rally to the 7650 handle, where the market went sideways for the later 100-plus weeks. The accumulation stage is about to end as the 7650 resistance price was finally broken. The RSI is above 4o and moving above 60, which indicates bull market conditions. The composite index has shown a bullish divergence with price, also found in RSI. The Gann time count of 144 weeks from the prior high, is almost complete and should align will the Gann boxes count of 1 complete Octave. Furthermore, the 144-week bullish wedge formation forming in the chart. A calculation of a possible target is 10,000 points, using Fibonacci extensions, but more likely 10800 using Gann box techniques.
EIGHTCAP:ASX200Long
by TRADER-RI
AUDUSD HTF Retracement Idea LONGAfer big move yesterday during Asian session, a bit of accumulation on London and continuing to drop on New York, we saw how Asia again went to add more orders to their positions, but failing to break lows during London, gives me an insight that price might be loosing its downward pressure. Looking at HTF we can see a double top, that tells me there's liquidity there to be taken, before more positions can be added to last week's move. Now im looking for the price to take liquidity from early buyers around 0.65750 area, and reacting to range at 0.65650-0.65700 to continue going up filling the empty space towards 0.66500 area where I would be expecting a reaction. Upward move would be fueled by a DXY retracement to fill the gap around 102.280-102.380 area. That's my bias for today. although as always things could turn around and price could break Asia's low and move towards 0.65500 area
Long
by alessandrosalazarr
2
AUDUSD Technical Analysis After a big correction last week where we saw a big shift on AUDUSD´s direction, driven by market's realization of how actually the FED would cut rates at a much lower pace than expected by the market, we saw a correction on downside pressure on DXY, gaining strength as well by US strong economy data releases. I am expecting a continuation to the downside, just after maybe a liquidity grab at 0.66000-0.66100 area first, although increasing tensions on the Middle East Conflict disrupting supply chain, could drive the dollar further down as investors seek to put their money on o Oil and Gold, and that could change the sentiment on AUDUSD re-taking its way up again. Technical Analysis gives me a clear direction to the downside on the 15m/4h timeframe. We can see a double top on the 15m timeframe just at orange on th 4h timerframe which gives me the idea of liquidity to be taken before prices continues the move down, we can see a change on the 4h timeframe to the upside, and on the 15m to the downside. Im expecting the price to retrace further down to have a more clear view on the long run.
Short
by alessandrosalazarr
4