The ASX200 has printed a Dark Cloud Cover visible on the weekly chart within the Potential Right Shoulder of a Head and Shoulders pattern as it breaks down below a Bearish Dragon Trend Line as the RSI enters the Bearish Control Zone. All of this data put together leads me to believe that it will experience some significant bearish price action in the future and...
ASX:STW sharing my view on the STW Track Record – launched in August 2001, STW was the very first exchange-traded fund listed in Australia. Core Index Exposure – a potential core Australian equity exposure for investors. Diversification – low-cost exposure to over 90%1 of the Australian equity market capitalisation in a single transaction. Capture Capital...
- Australian ASX200 is breaking down out of a bear flag - I will look for shorts on any pullbacks -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
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
Trading Methodology: 1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend. 2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point. 3. A trend-based...
Seems to me like Australia market is still in an uptrend. But be careful with the never recessing economy because housing market could be a problem. Good Luck