AUS200 retraceafter a long awaited breakdown in bullish pressure, expect more downside as negative sentiment clouds the marketShortby MakalaMabotja4
XJO end of 13/06/2020. Opening green next weekFinally, a pullback we've been waiting for. XJO was running way too fast and pullbacks are healthy in the long term. The pullback came right at the 0.618 FIB level. Tested the 200MA and will be interesting to see if we hold the 200MA next week. RSI is still relatively overbought but as the pullback was so sharp, I expect a green day on 16/06/2020 Monday. Apart from the technicals, other reasons for the pullback include 1. Fears of 2nd wave 2. End of financial year profit-taking 3. Federal reserve grim outlook 4. Riots Next week will be a decisive week in determining which direction the market is headed. The overall sentiment is optimistic but the market does not care. Next bullish target is 6380 level. All the best if you went Long on Friday on short-medium term positions. Longby ashainp335
My Bearish view of ASX200 and When to enter for the Long Term.For those that use the "Fib Speed Resistance Fan", our XJO hit 0.25 and retraced. Could we retrace back to the 0.382 in the coming days/weeks? Also, I wish I have found this earlier!! This has correctly forecasted the support line during the March lows. Furthermore, a good entry point for investing in the long term is when the " William R" is below the yellow and is rising from the bottom. The last three times this has picked the bottom! I will be watching these indicators at the next sell-off. Shortby johninvest17Updated 229
ASX 200After smashing through resistance and the key 6000 level a few days ago, XJO touched the long term upward sloping trend line beginning March 2009, before quickly falling back below 6000 and back below support and subsequently bouncinb off 0.218 fib level Few key levels to watch but prefer a downside bias here.Shortby ASXcharts5
XJO ASX 200 - Taking a breather at 6000 XJO ASX 200 - Taking a breather at 6000 - Top of trend channel Rejecting 200 SMA Hitting 61.8 Fib retracement level Indicators looking to start turning down towards cycle low by NumlockaUpdated 3
Dow Jones Theory - ASX200Phases of the ASX200 Dow Jones Theory. Look Like heading into Phase 3.Longby TakeASideStep4
Dow Jones Theory of ASX200Different Phases of the Dow Jones Theory on the ASX200.Longby TakeASideStep4
The trend is your friend, Go Long until this breaks $XJO ASX200The trend is your friend, Our stock market dropped because we hit the top of this regression channel again. Yesterday, I said I am expecting a pullback back to 5700-5800. It happened. I am staying bullish until this channel fails. by johninvest1712
Trendline breaks on XJOPre-open XJO (12/6/2020). Trend lines in price and RSI (x2) broken yesterday. Not necessarily confirmed as we need to see structure and/or continuation below to know for sure, but if you're heavy in equities you might want to watch this closely..by ncorreia5
S&P 200 could complete the last leg up next week at 6030S&P 200 appears to be in a corrective ABC pattern. It has completed Waves A and B is currently moving upwards in Wave C. It has also completed four waves of Wave C and could move up next week to complete the fifth of the C wave around 6030. Calculation of the target Wave (v) could be equal in length to wave (i) or Wave C could be 0.613 times the length of Wave A. Interestingly, in both cases, the target is around 6030. PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.Shortby ndauUpdated 1112
AU200 Short Trade Setup! Welcome to Profitlio Trading! What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here on your Service, Also hit thumbs up 👍 and support the work AU200 showing a trend breakout which is a good sign for AUD pairs to crush. Expecting a nice sell on this index. Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move! ⭕️ ✅ Scroll Down 👇 ⬇️ to signature section for 📲 contact details 💰💰💰 Profitlio Trading ( Since 2014 in Financial Markets ) ________________________________________________ Traders Disclaimer: Non of our analysis or trade setups being shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements. Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only. Shortby Profitlio_Trading119
Risk Management - TD Red 9 (Sell Signal) 2 Day Chart ASX200 $XJOThe TD Sequential indicator is showing a red TD 9 (Sell Signal) and the RSI is showing the market is overbought and is due for a pullback. This is a healthy pullback, as long as ASX200 can stay above 5700 (5800* even better), I am expecting ASX200 to break out and keep going higher 6200+.by johninvest17Updated 7
Just a pullback? Or something moreQuick look at the ASX200 during the first red day in the last seven trading days... Price now seems to be at an area of importance on the 1hr which formed a small range the last time it was here, if it breaks 5945 easily then it could go into free fall. There is also a massive Morning Doji Star reversal pattern on the Daily and the problems in the economy and world in general are not improving as much as the market would suggest. Although i've taken profit on a short today and will be looking for another entry depending how today closes. I got burnt badly with this sort of trade the other week, but i'll follow what my technicals tell me as that's the only way to improve.Shortby BeerCanCapital7
How Much further can the ASX200 GO UP?We are priced in the area where I felt the ASX200 would hit. The daily chart showing RSI & StochRSI overbought. Yesterday and today the ASX200 touched the top of the Linear Regression. This is very crucial as the direction is down, it needs to close above it for a few days to have any chance of turning up longer term. But we are hitting resistance every move up it is making. It will be massive if that happens. If we look at the weekly chart 6325 is the mid-line, a weekly close above that and the Covid-19 drop will be over. Please note: The Treasurer has announce we are in recession, but technically that would be at the end of the month. Generally the Markets Bottom when recession is confirmed. But the question remains are we heading far worse? Shortby GlobalTrader_4
ASX200 Trend ContinuationLooking for a entry approx 5960-6000 Strong Trend, Looking to for a continuation. Daily RSI Oversold with 200MA just around the corner with a hidden divergence on RSI between ATH and current price level 4H RSi currently at 50% but would like to reach below 30% which will give a hidden divergence between previous price points. Major support level with a strong channel MA200 as channel's last line of defence. Needs to break internal trendline first. Target 6250 Longby trungle831
AU200| SELL TRADE📉| @MKT EXECUTION! - INTRADAY🌟Hypothetical scenario: ( 1) Entry @ 6093.5 (Sell MKT) (2) Stop Loss @ 6106.0 | 12.5 points (3) Target @ 6050.0 | 56 points (4) R:R = 1:4.48 Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.Shortby Aqua_TraderUpdated 16
Forecasting AU200 - 08/Junho/2020Ascending Channel within Ascending Channel: -Multi touch (3); -ARC; - 1H retrace candle; (Conditions for a risk entry) -Waiting a strong impulse; -Flat continuation: 6/8H correction; (Conditions for a reduced risk entry)Shortby AnaCatarinaPereira4
looking GOODBeen watching this for about a week and tbh, everything is looking too good to be true. Fibonacci holding up, moving average 200 in the right place, rsi ain't acting up with a divergence on D1. its an ideal trade. a few more confirmations and we good to go.Longby PassieFxUpdated 5
AUD200 Buy - Entry 5800Stop Loss = 5635 / Take Profit = 6000 > Coupled with a 1.5% risk and 1.9% reward. If you enjoy follow and like my ideas and if you have questions message me. Keep Chasing that Paper!!!Longby PaperChaser12Updated 3
The #steepening continuesSome thoughts on the S&P/ASX200 (XJO) for any Aussies out there. Looking at the daily chart. 1) Price and RSI trends seem to be intact currently (would take a big fall to break today). 2) MACD working on but has not confirmed a bearish divergence 3) Willy overbought 4) We are about 5% away from the 200sma. I recon this will act like a magnet to pull the XJO higher, but then once we reach it, I recon we'll see some resistance. Could that then turn to support? Only time will tell. by ncorreia3