From the first chart, if target 1 and 2 is reached.. It will potentially complete a C Leg for two potential patterns to form. If so, then I would look for evidence for a reversal back up and confirm if price completes the D Leg to complete the pattern. If the two patterns complete, then i will look to enter short.
From the first chart, if target 1 and 2 is reached.. It will potentially complete a C Leg for two potential patterns to form. If so, then I would look for evidence for a reversal back up and confirm if price completes the D Leg to complete the pattern. If the two patterns complete, then i will look to enter short.
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This chart is a little confusing but I'm attempting to show two sets of evidence that build the case for a drop in the ASX200 of 160 points to the support of ~5368 as a minimum movement. The first set of information includes the blue arrows and the black resistance line at 58 points above the zero line on the MACD signal chart and the green text boxes. We can see...
Advanced Semiconductor Engineering appears to be trading within a rising wedge as recent supply levels are being tested. If the current situation continues, its reasonable to assume that a drop in price to the 4.65-4.50 range may occur before demand levels are once again met. Any break below this results in demand levels at 4.00-3.50.
The ASX 200 Australian Index (S&P/ASX 200) Daily Diagram Technical Analysis Training shows the following: The ASX200 declined in last week's sell off towards to KUMO. So the first think in mind is the KUMO and EMA200 Support. MACD is bearish and RSI too. We have no special candlestick pattern except the long red candlestick of -1.34% like a week before. The...
The ASX 200 Australian Index (S&P/ASX 200) Daily Diagram Technical Analysis Training shows the following: The ASX200 index has made a bullish reaction exactly above the KUMO cloud last week. This is a new effort for uptrend between 5374 and 5523 that index consolidates from April 2014 until now. The daily diagram shows bullish trend. On the other hand the 5536.70...
The ASX 200 Australian Index (S&P/ASX 200) Daily Diagram Technical Analysis Training shows the following: The ASX200 index has made a short term bullish development above the KUMO cloud last week. Now the resistance has been broken. The daily diagram shows bullish trend. On the other hand the 5536.70 resistance level has tested 3 times before. So the first...