We are oversold on the indices and will be looking for a bounce...dnt know if its just temporary relief or the bottom....I dnt care actually I will just carve up my piece of the meat:)... buy stop at 6475. . . . .(already pocketed gains from the short see attachment)
I won't say much here because I've narrated much of what I think is going on across several indices. These are very troubled and dangerous times in the markets. Some say it is not possible to time the markets. I disagree. Whilst death crosses come and go, the important contextual issue is when they happen. These death crosses have occurred after a most...
I don’t really like Mondays in trading. Will the market continue Friday bearish move? Or consolitate and try to go up to 20EMA? Based on technical analisys and indicators on 4hrs chart AUS200 is oversold, 50 EMA is holding a support, on the daily chart the market has room to go lower towards trent line to 7200 area. Does it happen tomorrow? Don’t think so....
Today AUS200 tried to break a stong resistance at 7620. The market is not ready to drop just yet. It could be here for a while, possibly trying to go up once again to 7595- I doubt it will go higher than 7620. The momentum is still there. On Monday is holiday in Australia and we expect some inflation news next week that might affect the market. I am planning to...
According to chart analysis, We can see a bullish trend and a double bottom but there is a resistance that needs to be broken, and make sure to ride the trend because there is a bearish divergence on RSI. Plan A: Long Entry: 7613.3 (Current) SL: 7524.6 TP: 7755.6 Plan B: Long Entry: 7663.4 SL: 7561.4 TP: 7904.3
AUS200 is kind of interesting to watch. We reached 7606 resistance, if we break it, we go to 7648. We def have enough momentum to go higher, inflations is a big problem, recession is about to start but it can take few months. We’re also in April- one of the most bulish month. I don’t recommend to follow it but behind saying ‘sell in May and go away’ is a lot of...
According to chart analysis, it is a bullish rectangle breakdown so it can be a bullish ride so we have a breakpoint at 7646.12 to make sure. If it did not test this point then strategy 2 will be short. Plan A: Long Entry: 7646.12 SL: 7567.88 TP: 7725.74 Plan B: Short Entry: 7510.22 SL: 7567.88 TP: 7414.14
Australia stocks were higher after the close on Thursday, as gains in the IT, Consumer Discretionary and Financials sectors led shares higher. At the close in Sydney, the S&P/ASX 200 rose 1.10%. The best performers of the session on the S&P/ASX 200 were Flight Centre Ltd (ASX:FLT), which rose 6.61% or 1.17 points to trade at 18.87 at the close. Meanwhile, Webjet...
Fundamental Insight: No hike and dovish RBA as expected, they use geopolitical risk as excuse. AUS200 slump after the announcement, good long here as there's easing tension on Ukraine crisis, and bullish on US indeces too as now market betting for 25bps hike only.
AUS200 we can see a detailed description of what's going on. - Head & Shoulders - Bear flag break - Neckline re - test - Double top
The Aussies are in trouble but they may not know it as yet. Caution : this is not a prediction that the AUS200 is about to crash, or will crash. All observations and comment are based on this snapshot in time. Next week this analysis may be irrelevant if the picture changes dramatically. Features on the chart: 1 - A clear sign of rebellion after panic...
AUS200 Entry Price 7243.15 Take Profit Price 7356.32
Better sentiment after Russia circus and all the geopolitical risk stop escalating. Room for AUS200 for rising. Good R:R
A close above 7126.85 exposed resistance level 7271.58 as a target. Watch for a bullish price action signal for a long entry.
Price closed above 6936.82. Watch for buying opportunities.
This is a theory of curves setup (TOCS) ; looking at the price action of the AUS200. In TOCS, thee is usually a 55% chance of movement in the leading half of the curve (based on personal experience). Better than 50% is good in finding entry points for trend following positions. Zoom into the chart if text overlaps candles. The AUS200 has been curving up...
Price Action Signal formed on Horizontal Resistance Level.
According to Resistance Level on 4H timeframe Divergence on 1h time frame Fibo retracement to 61% TP ans SL