Plan short Post US CPI to close this weekend (at US closes) Be wary of unexpected debt ceiling news So open/close at every 15 mins s/r levels
Whilst prices are expected to open lower, we’re on guard for a small countertrend bounce. A bullish hammer formed on the daily chart at the lower Bollinger band which found support at the 50% retracement level and 200-day EMA. A bullish divergence has formed on the RSI (2) within the overbought zone. A break above yesterday’s high could potentially see it retest...
Hello we are part of a new community called lucky trading club in tradingview so let's begin our first analysis. Asx200 will be crash, we have a eqh on 7600 with a lot of liquidity it was already taken last friday, also we have an harmonic pattern in the range of 7500-7650. This is asx200 ATH when all institution begin to sell gradually, inflation still growing...
A possible 300 point correction - if that happens, this is how I see it unravel over the next 3 weeks If there is a daily CLOSE > 7415 then this gets invalidated. Very close to that mark but that is where the best RISK v REWARD lies in going against this huge uptrend (Not all levels can get hit on the given date/time but the overall path towards 7080 could see...
XJO acting as an inflation hedge, except when recession kicks in, which will kill all demand. XJO or AUS200 is outperforming US indices coz in a high inflationary environment, a country producing a lot of commodities tend to do better. Another example is Brazil with ticker symbol EWZ, which is also a good inflation hedge if dont want to use PFIX to capture rising...
If we get a bullish run from here (@ 6670 now) for the next few days to see upwards of 6900 trade, then I see the following projected path all the way to Feb 2023 where the final hit of 6400 can happen and a sustained BULL run can start for the rest of the year Just putting it our here for now to follow it on the DAILY Timeframe
AUS200 made a low of 6401 on 3rd Oct 2022 & bounced up by more than 400 pts to print a high of 6811 on 5th Oct 2022 But what if this was just a dead cat bounce and not an actual reversal from the longer term downtrend? In that case, I see the next 2 weeks to trade as per the path shown in the chart - time frame is 4 HOURS and not all end points are supposed to be...
sharing my view on XJO , previous close above , i have been sharing my view earlier this week due to holidays sharing my brief view the trend is positive and moved above our previous swing high on weekly basis.
ASX:XJO I am sharing with you video on quick XJO - Australia main headline index analysis video
Introduction Date: 02/12/21 Time: 11:00 AEST Topic: Traditional markets bearish Forecast : A drop down to about to the red weekly supply zone (currently encroaching on it). Will be watching closely to see whether we reverse and gear up again, or are in for more prolonged pain Summary The traditional markets seem like they are experiencing some painful...
FLT is one of most populer Stock to trading, now we look at the chart the trend is bullish, how to catch the bottom? now i look you can have a plan buy on weakness at 17.65 area bottoming, if reverse, that will going up to close the gap at 35.50. Are you have a same idea? , Comment in below, The Story still good for FLT because Australia will be reopen flight for...
For the simple related fundamental reason : currency devaluation. One must remain structurally Bullish on Australian Dollar priced assets. Single stock selection can prove challenging in such conditions, makes life easier for the market to pick the winners. ASX:XJO OANDA:AU200AUD ASX:STW Detailed Chart's to follow below - XJO Zmm's STW : ASX200...
IZZ China ETF vs XJO (ASX 200) Relative performance looks to oscillate in a range. This could be a bottoming for China vs Australia.
The action has been very heavy this week and major indexes have been pressured lower. There is a lot for bulls to think about and many will be getting nervous. Will the FED come to the rescue again??....and will the Dip Buyers provide support again. In the video I take a look at my key markets and how I am approaching the current market action. I look at US...
Clear head and shoulders and in line with cycle count on SPX500. December target zone identified.
I note that there is a lot of noise in the financial media currently around potential collapses in the Chinese property market and various other factors, but let's screen that out and have a look at what the XJO chart is showing. From the chart, it looks reasonably apparent that a downtrend has started forming, starting from the most recent high of 13 August. The...
The XJO chart has a bearish rising wedge formation that is coming to a cross roads. Looks like a break to the downside is highly probable leading into the end of the 20/21 financial year.
I like the chart pattern here, technical indicators such as TD Sequential, RSI, MACD are showing signs that bulls are still in control and more upside to come in the coming days/weeks.