The ASX seeing a relief rally but I am looking to sell strength here
Bear Flag break down. Parabolic Sar of this dead cat bounce has flipped to sell. Momentum on Stoch RSI flipped downwards. SELL.
The asx200 can be seen to be mirroring its entry into the world With a gap between .786 and .618 in both cases, this is a bullish view
Idea for ASX Multiple ascending scallops using fibonacci spiral for a support which is also a .236 retracement from the top formed I've made a few ASX ideas lately but i'm Australian so i feel it suits. This is a very long term chart!
Showing the potential bearishness is an ascending scallop The leg of the scallop has been extended so far that momentum has decreased and bearish momentum has been engaged I am very bearish on Australian stocks. First time using fib circles :)
We have gone up 20%+ since 23 March, this is likely to be an oversold bounce or "dead cat bounce" in technical terms. Since 90% of Shops are still close, Corona Virus is still in the headlines around the world and death rates are not showing signs of slowing down. Therefore, it is very unlike that the bottom is in and we are exiting this bear market in the...
ASX 200 index (daily) testing resistance at the 20-day MA
Hello investors and traders, Warren Buffett famously said, "Be fearful when others are greedy and greedy when others are fearful." I have seen this quote everywhere on social media last few days/week. Retailer investors are being so GREEDY right now and buying stocks because it is cheap...This tells me we are nowhere near the bottom. Learning from bitcoin,...
Likely close below the 200MA on the weekly chart will lead to further downsides as the alligator indicator opens up bearishly. Also currently sitting under the ichimoku cloud, providing a resistance. We could be on the brink (early stages) of a recession.
Good morning, I want to show you an important trading indicator today and it is the 200 moving average low on the monthly. (currently at 4885) This indicator acted as major support during the GFC (Nov 2008, Mar 2009) and we tested this level last Friday and bounced strongly..... I will wait and watch the monthly close to see if this is an excellent buying...
Good Evening, investors and traders, the Asx200 $XJO went lower again due to market uncertainty with the coronavirus. Last week, I said if we breach the 50 moving average, the first level of support is around 6300-6400. The market went straight down to 6259.9 on Monday and traded sideways between 6259-6500 for a few days and eventually making a new low of 6216 at...
Potential short opportunity, can be seen to be hanging under the resistance line, with an immediate death cross on the daily chart in play, these are usually more effective on the weekly chart but we will see how it plays out. Aussies spending too much money on toilet paper..
6000 is the next level of support, if not we head straight into a bear market to 5400, which i think is a lower probability!
The retracement that I was waiting for came this week and we went down fast and hard. This has made me more bearish than before in the short term. We could see an "exit pump" in the next few trading sessions by big investors/institutions and have the price level jump back toward the 20 moving average before going down further like the past. Therefore, for me...
My forecast for the Hang Seng and Dow Jones are that a reversal back to the moving averages. Now we are likely to see the same for XJO towards mid February. The worst case scenario is we reversal back to the long term trendline support. At this stage, it is unlikely that would happen. Therefore, reversal back to 6800-7000 is more likely to me. I have...
Hello my dear You can find all details on the chart above. ASX:APT Entry: 28 - 28.5 Targets: First : 36.4 Second: 46.4 Stop: 25 ______