The trend is your friend, Go long until this breaks. It did $XJOWe closed below the trend line last week, can we get above it this week??? If we fail to do so, more selling will come and this could go for several days or weeks. The RSI indicator is still showing a downtrend and if we close below last week's low this week, (5893) it will trigger a sell signal with the TD sequential indicator. Furthermore, the MACD indicator is about to fire a sell signal... Therefore, be careful trading this week. Maybe, it is a good time to take some profits ... by johninvest179
Ascending triangle formation Account management? $500 upwards 50/50 profit sharing each week No scam zone by InvMubarak10
S&P ASX 200 crucial price points to watch for 3/8/2020S&P ASX 200 crucial price points to watch 3/8/2020 The Index closed Friday's session down more than 2% but managed to close just above a critical point at 5191.20, which was also in line with the bottom of the price channel, as indicated on the H 4 price chart. 5191.20 will be the first crucial point to watch on Monday's session; the Index will need to hold above this point to head back up. If successful, 5998.40 and 6046.70 could be its immediate targets. The Index could fall further down to 5870.88 and 5791.00 if it fails to hold above 5191.20by Rotuma668
AUS200 Potential longIf we see a risk on sentiment reflected in the Australian stock market today we could see the AUS200 push to new quarterly highs. This setup provides a risk/reward of 2, with a generous stop size.Longby ToniSignalsUpdated 4
LAST ROLL OF THE DICE...After burning thru a tonne of Money on Puts dated far too short since March 24th , I think I finally have it right since the Global "ROLLOUT" of the incredibly annoying campaign of concerted MARKET WIDE INTERFERENCE by 1st World Central Banks in what has amounted to the CIRCUS equivalent of an ' ALL BELLS, WHISTLES COMPLETE WITH STUPID HORNS' CLOWN PARADE PAR EXCELLENCE !!!' Whilst it was OK to kick the can down the road for many years, that required a fundamental prerequisite to continue; ..that there still was a road to kick it down !!! Unfortunately he Clown Car full of Central Bankers, Socialists and Keynesian Economists has failed to note the Skull and Crossbones sign screaming: "DANGER !!! ROAD ENDS !!! YOUR LIFE IS AT RISK !!! TURN BACK NOW !!!" As such, the Clown Car, full of CLOWNS falls off the cliff and begins tumbling into the abyss starting this Monday 27th July 2020 and we will see the start of the Elliot down in what will be devastating to MOST ASSET PRICES in a rampant continuation of the ANGRY Bear's RAMPAGE that was briefly put on hold ONLY via MASSIVE GLOBAL STIMULUS, STAGGERING MONEY PRINTING and HELICOPTER MONEY for ALL and ALL MANNER of stupid Central Bank Interference and an unprecedented 'propping up' of Zombie Consumers/Workers/Businesses and Investors to such an outlandish,unnecessary level I think even the dyed in the wool Socialist Maynard Keynes might have questioned as 'excessive' & 'inefficient'...how about 'not prudent' Maynard? Me thinks so very much! After a good amount of some well informed reading tonight I AM convinced that on Monday... the Levee breaks and OOOOOFFFFTTTT !!! Watch out below. To save writing an EPIC to justify my belief to you and largely plagiarising much of what others have written, I've included the links that confirmed and strengthened a view I already had to confidently call "TIME" on this Clown Parade anf for Fundamentals, Sanity and Truth to re-assert itself : The Music has stopped, Party is over, BULLS GO HOME or face nothing short of Financial Genocide. Wait until the Market assimilates the information contained in the links below. Sobering reading indeed... schiffgold.com schiffgold.com schiffgold.com schiffgold.com schiffgold.com schiffgold.com schiffgold.com schiffgold.com www.zerohedge.com I ALSO draw your attention to the Double top that was soundly rejected today as even Johnny Public has begun to ask the million dollar question: "How can the Stock Market be going up yet..?" The data, the data, data..? I note, interestingly, that next week's predicted Market Meltdown will just so happen to coincide with the Gold spot price making new ALL TIME HIGHS this weekend. I'll leave you to draw your own conclusions just from that KEY piece of information. Gold is still "the Canary in the Coalmine." Stay safe and God Bless. xCM @MystryBox & @Fractal777 > I think our time has arrived! Thank Christ for that as anymore of this Market Insanity I think I may have gone "Joker" and flipped ! ! ! Shortby craigemmUpdated 171715
Australia 200 ready for breakoutConsolidation finally looks complete and ready to breakout. Very bullish consolidating above the 20dma and just under the 200dma, should see considerable push up once 200dma is broken.Longby Yogigolf119
Aus200 - Long - 4hr TFAscending triangle pattern coming to completion. Bias is bullish. Two ways to play it - 1) Buy now and hold, hoping it breaks out (best profit potential) or: 2) Wait for breakout of triangle and then enter position. Stop if price breaks the triangle to the downside.Longby Michael_Blurry110
ASX 200 Index is expected to test 6046.70 Tuesday's tradesASX 200 Index is expected to test 6046.70 Tuesday's trades following the rise of US major Indices in Monday's session. Major support is at 5998.40 and resistance at 6046.70, 6077.60, 6094.60, and 6126.55 by Rotuma551
Back to the top...Entry: 6253.59 Maybe after breaking this level the market will come back to itˋs latest top...Longby mytrades245
ASX:XJO reclaiming the trend lineASX:XJO has had trouble in the last few days to keep the upward momentum(you can find more info in my last post about XJO). But in this simplified chart, it seems it is back to claim its original trend line. you can see the price is back up the blue trend line. it has come back to retest it and to keep the bullish sentiment it has to stay above this line and soon take over the 0.618 golden fib and the 200 SMA( the red line). Other bullish signals: - price above 50MA - velocity is positive - the acceleration has turned positive I will keep an eye on this chart and let you know where we stand. for the time being the trend is your friend. Stay safe and have a profitable week. dont forget to smash the likes. XTFLongby xtf_ze_trader223
AU200AUD_ Opportunity On LowerLowstrend line support and low on RSI. short time trade confirmed by a long candle breaking high.by bxolelo1
ASX forming a triangle ASX( XJO ) is forming a triangle, Need to watch the break!! Disclaimer: Not an advice to buy or sell!!by ehaarjeeUpdated 662
S&P ASX 200 Index struggles to hold above 6046.70S&P ASX 200 Index struggles to hold above 6046.70 The Index broke through critical resistance at 6046.70 in yesterday's session and reached another crucial level at 6077.60 but retreated and closed the session just above 6046.70. Today's opening trades, we saw the Index started the session above 6046.70 but drifted below this crucial level and down to 6028.50 at the time of writing. The Index needs to hold above 6046.70 to continue to the upside. It could continue down to the next crucial point at 5998.40 if it fails to get back above 6046.70 by Rotuma2
ASX200 Swing long This is a short term swing long trade idea. My technical opinion says that it'll be a choppy way back to 6120. If it breaks and hold below 5900 this will go down much deeper. All long positions around this level should be short keep. Longby trungle83Updated 3
ASX 200 (XJO) H2 support and resistance price chartThe Index could fall to around 5919.70 if it fails to hold above 5975.20. If it pulls through 5975.20, the next level is around 6065.00by Rotuma4