AUSTRALIA200CFD trade ideas
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.
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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!
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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+.
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.
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?
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
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.
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*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of investment / trading advice.
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.
AUS200| SELL TRADE📉| INTRADAY SCALP| VWAP FADE🚨Hypothetical scenario:
(1) Entry @ 6019.0 (Sell LMT )
(2) Stop Loss @ 6029.0 | 10 points
(3) Target @ 5990.5 | 28.5 pips
(4) R:R = 1:2.85
Stay tuned for the updates.
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*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of investment / trading advice.
4H ASX200 short strategyhi tradingview
ASX200 is reaching top of the upward channel
potential end of wave 5 is around 6060 and after that there will be a correction witch at least corrects the trend to 50 Fibonacci level or more
1st target around 5760 and 2nd target would be below 5700
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AUSTRALIA200| INTRADAY BUY TRADE📈| VWAP BOUNCEHypothetical scenario:
Entry = White line (@MKT)
Stop = Red Line
Target = Green Line
Stay tuned for the updates.
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*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of investment / trading advice.
ASX200 Trend is about to endAs i draw above we can see, ASX200 Down trend is about to be finished within the next few weeks.
if you want to catch the last part of this correction just buy at near of the bottom channel level and wait for the correction to end at 0.618 level of Fibonacci retracement
hope you all profit
ASX - Bullish Scenario - Let's Play Devils AdvocateThe bullish scenario here is the same as the Dow and Nasdaq.
The ASX is not as big but the same waves apply in this instant.
If we are in Green Wave 3 of Wave (C) then a break of the magenta line would be confirmation.
Entry: 5937
Target: 6463
Stop: 5634
S&P ASX 200 Index price chart analysisS&P ASX 200 Index closed Friday's session at 5755.70 -95.4 down 1.63%. The Index was dragged down by the Major banks following a three day surged, which saw the big four banks share prices rose more than 20%.
The Index broke through a significant price point around 5865.00 at the end of last week's session but failed to hold and retreated, closing the trading week at 5755.70. 5865.00 is the crucial resistance point to watch in the future sessions; it is more likely to correlate to the break-out point in February 2019. The primary support levels are estimated at 5735.00, 5660.00, 5534.00