Austrian stock market crashed extremely hard in very short time.
All major indices crashed during last few weeks, but the ATX looks worse than then DAX, DJI and S&P500. It is a flash crash with extremely high bearish momentum, which broke through all major moving averages (50, 100 and even 200 monthly MA)! On the weekly time-frame a triple MA death cross is...
The Austrian stock index has trained a hammer candle with weekly closing.
That the c of the (4) could also have come to an end, that is for me a starting signal with the Target to reach the 3.280 point mark.
The SL is 2.839 and thus 2.5% resp. 73 points from the current price, which is at 2,912. So the CRV is at 5 to 1. If I go in here with 10% of the portfolio,...
The trend brocke out the short term channel to the upside so there is potential for a run to 34€. Downside risk is limited - SL is at 27,9€ (Reward/Risk about 2). Strong close today confirmed short term uptrend.
Austrian Traded Index (ATX) Technical Strategy : Hold until Triangle breakout
Elliottwave Count : Triangle
ATX (Austrian Traded Index) is in wave (B) which is in triangle formation. We are in last phase of triangle (wave e). We possibly see last pull leg up or in alternate scenario, we possibly see downtrend from current level. We...