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...
ASX:STW
sharing my view on the STW
Track Record – launched in August 2001, STW was the very first exchange-traded fund listed in Australia.
Core Index Exposure – a potential core Australian equity exposure for investors.
Diversification – low-cost exposure to over 90%1 of the Australian equity market capitalisation in a single transaction.
Capture Capital...
Hey trader,
please see my current idea on AUDUSD. Based on my Elliot Wave count, we have high chances of seeing bullish momentum in order to play a 50-61.8% retrace to the upside.
Please trade with caution and with proper risk management. A lot of people have been liquidated with longs on AUDUSD.
This is no financial advice, only my opinion.
RT
Comparable points in green
Extremely similar, the only difference I can spot is the second one is above the 200MA
while the first is below
I do expect upsides as it moves out of the circle
Key Technicals - High probability trade here with the REA chart showing a Cup & handle pattern. Looking to buy on breakout (top of cup) with above average volume or on the breakout retest as resistance becomes support.
Key Fundamentals - Governments likely make sure housing recovery keeps on keeping on.
Quick Trading Journal Entry:
Uptrend expected, to the upper line on the orange rectangle-condensed trading zone (resistance at the blue horizontal line, 0.76417 ).
Major resistance at red horizontal line (0.78422).
Expected peak of the uptrend, around: October 31st , with the relative strength index peaking at the 80% marker. The R.S.I also broke out of a long...
As you can see on the chart;
We have to break 1.8265 to move upside
Then you can see my targets on the chart.
My system is complicated to show here I just simplfy my strategy to give a clear outlook.
Haven't posted an analysis in months... but posting this to prove that I am still in the game.
Anticipating 0.73620 for Australian Dollar, and than seeing a more meaningful continuation lower into 0.73250.
Good luck!
Expecting major positvity fundamentally to act as a catalyst to the anticipated bullish reversal within our current descending channel.
We would wait for BAR (Breakout and Retest) before scaling in with heavy lot sizes
I've created a list of companies to represent the price of Cobalt Mining Stocks on the Australian Stock Exchange, similar to an ETF.
Cobalt appears to be in early stages of a market cycle with utility across high-growth technology/industrial sectors: electric vehicles (lithium-ion batteries), semiconductors, renewable energy, etc.
Please do your own research...
Regaining the 200D MA after a slow bleed may signal the over-extended first wave has been flushed out. DYODD.
I have a position @~.81 which may show that I have been following this for some time.
This could be a 5x, but will monitor the connection and correction at the top of the monthly channel for weakness/follow through.
Just an idea, not advice, crypto...
On this one, we saw that last week the price went into a bearish movement then it bounced back up. This time will the bears win the battle ? If they do, it means that our trendline shall be retested as the price is sitting around a resistance and we will sell it on it's break downward.
What will happen in the week ahead for Z1P ? My guess is as good as yours, although I am leaning slightly to Z1P validating a counter trendline break as the money rotation slows.
The 0.618 retracement has been respected as resistance a number of times inside the falling wedge, as a result the $8.50 - $8.70 is worth watching closely. Additionally, Z1P at the...
I am sure this is not the best time to make stock pick. But the market is actually not as bad as it may seems. If I look at my recent pick, actually only the china related stocks like BEKE/YSG are down because of the downtrend sentiment with nasdaq. If you look at my pick in ASX, all of the are still up since my recommendation, actually way up.
One of the...
