Australian Stock Index ASX (Aug 2018) *PULLBack time!

This will be my views of Australian Stock Index ASX (Aug 2018)
Please make sure to read the "update" comment as there will be changes along the way.


Cheers.

S0nic

Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Comment:

Update on ASX 23 Aug 2018

As Australia is in political turmoil, the stock market looks primed a decent pullback.

As long as the price is below 6300 and 6390, it can drop further.

I am expecting 6125 regions as TP1. I am BEAR bias for now.

Comment:

Updated View on ASX Aussie Index (30 Aug 2018)

We are in still in strong UP trend and it is still yet to show the bearishness.
It shall more apparent in a few days time.

Do not sell aggressively yet but it is worth to put some short positions.

6,290 will be a nice support as TP1 and 6,120 as TP2.

Let's see.

Trade closed: target reached:

Updated View On ASX Stock Index (5 Sept 2018)

It just hit our TP1 and it almost hit TP2.
It shall retest 6140 again.

Get ready to take some profit, now.