Nice follow through to the down side from when I first posted it back on Oct 14
In the name of Allah, the Most Gracious, the Most Merciful AU200AUD Big Crash is Coming. Note: This is only for Educational Purpose this is not Investment advice. Thanks Adil Khan.
4H Chart Explanation: - Price bounced on the Support Zone. - Price broke the Descending Trendline. - Now, it has potential to move up towards the Resistance Zones. However, in the Long Term we have a short view. Take a look! Weekly Vision: Daily Vision: Updates coming soon!
Daily Chart Explanation: - Price is against the Weekly Ascending Trendline. - Price is on a Micro Ascending Trendline. - Bearish Divergence on MACD. - If price breaks the Ascending Channel at 6740, potential to move down towards the Support Zone at 6400 and, then, to the Bottom of the Ascending Trendline at 5620. Our Weekly View support this idea. Check it...
Australia 200 comes to strong 12-Years Historical Level! It can be a powerful bounce from it. We can open SELL after fake breakout and pullback to level. Potential profit will be in 5...10 times bigger than risk
It appears an entire impulse wave sequence is complete with a final fifth wave expanding diagonal and we are ready for a very substantial fall and entry into a bear market.
OANDA:AU200AUD ASX200 - Intraday - We look to Sell at 6693 (stop at 6713) The dip was bought and the rally sold resulting in the market posting little net change. An overnight positive theme in Equities has led to a higher open this morning. A bearish Head and Shoulders is forming. Trend line resistance is located at 6708. The previous swing high is located at...
Price is approaching to August 2018 High - that is power level. The huge chance that price will bounce from it. I wait on fake broke of 6381 Potential profit could be in 5 - 10 times bigger that a risk
After falls in the index in the last quarter of 2018, we have see a rally back into the sell zone(87.5% fib). My target would be around the 5000 handle, which is nearthe 75% fib level on the monthly chart . This area is where the bulls should turn up, as the index is in a very strong bullish trend on the monthly chart.
I will open buy near 5940 if there will be a pullback - Price broke up a powerful level - Daily candle close above it - The middle-term trend is bullish.
ASX is approaching our first resistance at 5927.6 (horizontal swing high resistance, 50% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 5694.0 (horizontal pullback support, 61.8% Fibonacci extension , 50% Fibonacci retracement . Stochastic (89,5,3) is also approaching resistance where we might...
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Possible Running Flat on AU200, I still think one more up is possible. On weekly this still has a lot of downside potential. I'll wait for a clear confirmation to keep adding. Really nice R:R opportunity
The hidden negative divergence on the daily is considerably more pronounced on the SPX but both of these indices seem to be showing a bit of weakness. It could just be healthy pullbacks, though. Everything about the Aussie pattern says head and shoulders bottom except the glaring lack of breakout volume, which is a requirement for the pattern. As long as the...
ASX bounced nicely off our first support level at 5390 (61.8% fibonacci extension , horizontal swing low support) where a further rise might occur above this level pushing price up to our major resistance at 5894 (50% fibonacci retracement, Horizontal swing high resistance). Stochastic (21,5,3) is also bounced off support where we might see a further rise in price.
ASX bounced nicely off our first support level at 5390 (61.8% fibonacci extension , horizontal swing low support) where a further rise might occur above this level pushing price up to our major resistance at 5861 (50% fibonacci retracement , Horizontal swing high resistance). Stochastic (21,5,3) is also bounced off support where we might see a further rise in price.