NAB Monthly Long term structureElliotticians, don't crucify me... I'm no expert in EW theory!
But I believe we are seeing a super high level double or triple three pattern emerging in NAB
Long term it appears that NAB was in a trending pattern till 2009
Currently we are in a long term corrective phase, which consists of large Flat corrections and zigzags or triangles
Overall we just completed a large Flat 3-3-5 wave pattern and likely to see a fall into an ABC correction (zigzag) to start a new corrective phase or possibly create a large long term triangle
What this suggests is that this is in a large ranging pattern... so trading in and selling out at long term resistances would be the smart play until such time as the longer term structure becomes clear and builds a completed base to start a trending move outside of this structure
Ranging markets chew up time to create the base for the next long term trend and in this case we are likely to see the range continue until we see some completed structure
Some beginners sometimes do not understand ranging markets as they are harder to understand than trends... but if you get the overall grasp of them you can differentiate the difference between a real buying opportunity that have completed ranging structures within it and a short term buying opportunity and position yourself accordingly
I've posted a few on the ASX over the years and each time the moves out of these tend to be strong and persistent
Finer Market Points: ASX Top 10 Momentum Stocks: 13 Mar 2025XETR:FRS MIL:EGN AMEX:CVR ASX:NC6 GETTEX:WOA NYSE:BNL EURONEXT:EGR LSE:SPA NYSE:BSX ASX:NSM Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list. The Launch Pad List is shared on Thursdays and the video interview published after market close on Fridays. Today's ASX's Top 10 Quarterly Momentum Stocks are: Forrestania Resources Limited (FRS) Engenco Limited (EGN) Cavalier Resources Limited (CVR) Nanollose Limited (NC6) Wide Open Agriculture Limited (WOA) Blue Star Helium Limited (BNL) Ecograf Ltd (EGR) Spacetalk Limited (SPA) Blackstone Minerals Limited (BSX) North Stawell Minerals Limited (NSM)
Finer Market Points: ASX Top 10 Momentum Stocks: 12 Mar 2025 XETR:FRS LSE:SPA NYSE:BNL ASX:AQD NYSE:BSX ASX:NC6 PSE:IND AMEX:CVR GETTEX:PNT ASX:ORD Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list. The Launch Pad List is shared on Thursdays and the video interview published after market close on Fridays. Today's ASX's Top 10 Quarterly Momentum Stocks are: Forrestania Resources Limited (FRS) Spacetalk Limited (SPA) Blue Star Helium Limited (BNL) AusQuest Limited (AQD) Blackstone Minerals Limited (BSX) Nanollose Limited (NC6) Industrial Minerals Ltd (IND) Cavalier Resources Limited (CVR) Panther Metals Ltd (PNT) Ordell Minerals Limited (ORD)
Overall Bullish on NXT ASX Currently in PubllBack phase overall im Bullish on NXT. i mainly trade forex using IMB'S on timeframes such as monthly weekly daily 4h and 1H. but nxt we need to look at longer term time frames like 12months, 6 months and 3 months. and i potentially see we are pulling back to the break of the 6month and 12month
once we tap these areas of interest we go down even lower to see a shift in market structure and Order flow. i dont really see price going lower then $12.53. we have just over 3 months left until a new 6 month candle is created which is when we could possibly see bullishness kick in again
Finer Market Points: ASX Top 10 Momentum Stocks: 5 Mar 2025 ASX:ORD EURONEXT:EVS NYSE:BSX NYSE:CRS EURONEXT:DHG NYSE:SGI ASX:DRE LSE:MYX NYSE:NAN ASX:EOL Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list. The Launch Pad List is shared on Thursdays and the video interview published after market close on Fridays. Today's ASX's Top 10 Quarterly Momentum Stocks are: Ordell Minerals Limited (ORD) Envirosuite Limited (EVS) Blackstone Minerals Limited (BSX) Caprice Resources Limited (CRS) Domain Holdings Australia Limited (DHG) Stealth Global Holdings Limited (SGI) Dreadnought Resources Ltd (DRE) Mayne Pharma Group Limited (MYX) Nanosonics Limited (NAN) Energy One Limited (EOL)
Is the ZIP DIP OVER? Is it a suitable time to Buy?Is the Base solid enough to drive the price to 3 OR will it require a manipulation below the base to test key support "2"?
THIS IS ONLY AN IDEA AND COULD BE RIGHT...
For the Fundamental lovers:
Also keep in mind:
Dow Jones Newswires:
"Zip Price Target Raised 5.9% to A$3.60/Share by Ord Minnett"
Potential outside week and bullish potential for OCCEntry conditions:
(i) higher share price for ASX:OCC above the level of the potential outside week noted on 23rd January (i.e.: above the level of $1.635).
Stop loss for the trade would be:
(i) below the low of the outside week on 20th January (i.e.: below $1.27), should the trade activate.
Bullish potential detected for QUBEntry conditions:
(i) breach of the upper confines of the Darvas box formation for ASX:QUB
- i.e.: above high of $4.04 of 28th November (most conservative entry), or
(ii) swing up of indicators such as DMI/RSI along with a test of prior level of $4.00 from 25th November.
Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 13th December (i.e.: below $3.80).
Potential outside week and bullish potential for OPTEntry conditions:
(i) higher share price for ASX:OPT above the level of the potential outside week noted on 17th January (i.e.: above the level of $0.85).
Stop loss for the trade would be:
(i) below the low of the outside week on 13th/16th January (i.e.: below $0.725), should the trade activate.
Potential outside week and bullish potential for AMIEntry conditions:
(i) higher share price for ASX:AMI above the level of the potential outside week noted on 30th/31st January (i.e.: above the level of $0.20).
Stop loss for the trade would be:
(i) below the low of the outside week on 29th January (i.e.: below $0.17), should the trade activate.
FFM Targeting 1.5??Hi dear trading lovers and FFM buyers...
PLEASE NOTE THAT THIS IS ONLY AN ANALYSIS AND COULD BE WRONG...
Chart and lines are explaining my idea...
SEEMS FFM is in a uptrend targeting 1.5 and finally 1.7...
Also note that:
"Macquarie has initiated coverage of FireFly Metals with an Outperform rating and set a price target of A$1.50"
Do you think IGO has come to the end of its downtrend?BUYERS still looking for a possible TRADING RANGE or a REVERSE Point...
After a Spike and a clean Channel, getting close to 4 (Root of breakout of previous Major Move, and also 3rd hit to Monthly uptrend, makes this point a remarkable and hopeful point for all the buyers... In addition to these we can say that last days sharp fall can be an Exhaustion gap of downtrend and also a magnet to monthly uptrend....
#IGO #ASX #Analysis #Trend #Channel #Spike #Trading
Finer Market Points: ASX Top 10 Momentum Stocks: 25 Feb 2025 EURONEXT:DHG MIL:CLE LSE:CLA NYSE:NAN LSE:MYX ASX:MP1 ASX:AQD MIL:ARN NYSE:ALC MIL:WLD Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list. The Launch Pad List is shared on Thursdays and the video interview published after market close on Fridays. Today's ASX's Top 10 Quarterly Momentum Stocks are: Domain Holdings Australia Limited (DHG) Cyclone Metals Limited (CLE) Celsius Resources Limited (CLA) Nanosonics Limited (NAN) Mayne Pharma Group Limited (MYX) Megaport Limited (MP1) AusQuest Limited (AQD) Aldoro Resources Limited (ARN) Alcidion Group Limited (ALC) Wellard Limited (WLD)