S&P/ASX 200 Index ASX:​XJO

Hi All, Perhaps a controversial post but will share the idea nevertheless for posterity. This is not meant to be an alarmists post simply a technical analysis with possible graver implications. Before we get into the TA lets provide some background first. Black Tuesday 1987. The market crashes 50% from its all time high. It takes 9 years and 1 month to...

Not much evidence to suggest we can break above these ranges. Could be trading within them for several months.

The ASX has created a head and shoulders pattern and is capped by a negative trend line. This provides opportunity to sell with a stop loss above 6210 and the target area of 6140.

It has completed a retracement back up to 6274 (0.886% fib level) of the move down from 30/08/2018 to 21/12/2018. It is now forming a H & S pattern on the 4 hour chart. Watch for a break of the neckline on bearish sentiment or a bounce back up if the neckline holds. Current RSI below 50

Sell

The ASX has formed a shooting star on the weekly candles. We are now awaiting confirmation, this weeks candle will need to decline and close below last weeks candle. We can then look for targets of 6100 and 6000.

Completion of reporting season which followed after the financial sector royal commission. Will start to see profits taken from this months small rally before a second chance of accumulation will present to target the prior top

Rising Peaks and Troughs clearly defining the long term trend of ASX 200,XJO. One may also use 45 degree trendlines, if they can construct it with the software. Completed base and clear long term count with a bullish price objective as shown. This bullish objective/forecast is still in effect, until a new low lower than that of 4750 is registered by 53.2...

Australia 200 trend line might act as a resistance. RSI hidden divergence for a correction. HANG SENG having the same pattern. Be aware. Good Luck

Much better and different to AUS200 which is supposed to be a close facsimile of the XJO. It's not. The price action is way different - and not so nice to analyse. XJO shown here shows where supply may come in. The trend is showing signs of weakness with smaller high end closes. I don't predict - as no one can, but we are in an area where price may start to go...

Three levels of accumulation and a retail traders fantasy an ascending triangle. price should go past the perceived resistance, maybe stay there for a while and then drop.

wxyxz pattern formed and after you see a pulse to the downside

The Index is currently up by 0.30% in the first 30 minutes of today's trades 14/1/2019; however critical resistance lies ahead at 5809.40. The Index needs to break and remain above 5809.40 to proceed further to its next challenge at around 5844.40. The Index could retreat to its next support at 5753.20 if it fails at 5789.30

Hello Traders, XJO is pushing for the down side with aggressive waves, With the uncertainty about the trade war and with the strong interest rate of the US dollar, it will be hard for the bull to take in charge the market during 2019. This is for educational purpose, not an investment advice. Never expose more than 1% of your captital to the market. Best Regards

ASX200 hits 50% fibo on Daily chart, closes right above the trend line on pitch fork and sits right on 200 SMA. year end 6000 level forecast!!

Trade Set Up – We would be looking to enter on a daily close above 5780 with stops confirmed once entered, and a target level of 5980-6000. Why we like this trade – Whilst history is no guarantee of future price action it is important to note that a correlation in a Dec move over the past 10 years has yielded an average of +2.74%, all of which starts from the...

Hey guys, I have a trade idea currently for the end of the year, it is very possible to have one wave further down (to at worst I predict the 5550 mark) then a gradual buy for the start of the year up until 6000. Watch for flags to buy 15m.

In today's video update, we take a look at the AUD index as we see price start to accumulate at the key weekly support. If we see price turn bullish here on our trading timeframe we can look for long opportunities.