There are no promises, guarantees or predictions in this.
The Aussies have been flattening out at a top - it appears - at this time. There are only two directions for price - nothing new in that.
What happens in situations like these is:
1 - either price collapses.
2 - it rockets north.
You can imagine what bulls and bears would say to each of the above....
No loss no gain. This is a risky position, obviously.
I do not know if it will fall or head north. My estimate is for the south.
Heavy losses may be involved.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown...
ASX200 - Intraday - We look to Buy at 5325 (stop at 5270)
An Evening Star formation has been posted at the high. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. A possible AB=CD formation looks to target 5470. We look for a temporary move higher. Further upside is expected and we look to set longs in...
Price is struggling below ATR line.
Probability south is 55% (45% for the north). How far south if it moves, is another matter.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make...
Hardly anyone looks at the Australian 200. It is one of the best indices to short.
The Aussies strangely went north at open of their market last night - when the rest of the world's indices were burning down. There is usually a significant lag between the AUS200 and the other indices, which I decided to exploit.
This morning 08:30AM 2020-04-01 it's struggling...
This is a key position. Shorting this means that one is willing to take a controlled affordable loss above the amber ATR line (there is no formula to work that out).
This is a trend following set up - so there are no targets.
- definite dip occuring
- seemed to have found minor support at previous
high, however previous candle indicates it could
dip down further as well as CCI
- either trendline or first zone may give the final
- the first zone falls on the 38% leg
- OVERALL GAMEPLAN: wait
- bearish bias clearer as opposed to weekly,
due to hangman and bearish engulifing
candles (the last two)
- a retracement is highly likely
- however index funds usually consolidate
before making a reversal, hardly ever
- hence the daily forecast having two
alternate playouts, either the broken
trendline or either of the two red
zones may be...
ASX200 - Intraday - We look to Sell at 6680 (stop at 6700)
Afternoon gains were sold into and follow through bearish momentum resulted in the market moving lower. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Previous support located at 6646. We look for a temporary...
Weekly – Bullish channel with bearish divergence
Daily – Bullish flag and overbought
4H - Breaking higher from bullish flag - looking for re-test to set longs
Buy AUS200 at 6560. Stop 6520. Target 6660
Overbought and bearish divergence on longer term charts could stifle this move
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