d.vezeris
Short

S&P/ASX 200 Daily (30.08.2014) Technical Analysis Training

ASX:XJO   S&P/ASX 200
127 1 3
The ASX 200             Australian Index (S&P/ASX 200) Daily Diagram Technical Analysis Training shows the following:

The ASX200             extended the uptrend movement last week but it declined last Thursday making a local top exactly at the top level of the uptrend channel like before.

So the first think in mind is the case of the KUMO approaching correction like before. .

We have no special candlestick pattern except the long red candlestick of last Thursday. The index is above the KUMO and above the Kijun Sen (blue line) and the Tenkan Sen (green line).

There is no special pattern.

There is a divergence on MACD in process. If the divergence confirmed on Monday, then short for Kijun Sen first (blue line). Stop loss above the channel.
Definitely agree with this one. Also considering the low iron ore price and earning season wrapping up, should see this one play out. Good job.
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out