Bearish AUS200 provided 7320 is not brokenDue to prevailing market structure bearish continuation can be expected from AUS200 provided 7320 is not violated.
Hunting bearish entry structures to follow price short.
About S&P/ASX 200 Index
The S&P/ASX200 is an index that represents the 200 top stocks based on their weighted market capital in the Australian stock market "Australian Securities Exchange". The index represents 72% of the total market value of all the stocks traded in the Australian Securities Exchange. The trading hours for the ASX 200 index takes place from 10:00 a.m. to 4:00 p.m. Sydney time. This index was created back in 2000 and it started with a value of 3,133.3. The 2015 market capitalization of the index amounts to A$ 1.1 trillion, which sets it around the same market capitalization with some of the major indexes of Europe. The ASX200 is an indicator that gauges the performance of the Australian stock market and this indicator could be used as a guide by investors that want to understand how the biggest economy in Oceania is performing.
indices looks hot these days The inverse head and shoulders chart pattern is a bullish chart formation that signals a potential reversal of a downtrend. It is the opposite of the head and shoulders chart pattern, which is a bearish formation.2
The inverse head and shoulders chart pattern consists of three (3) troughs: the firs
longthe price came from weekly demand zone and in daily time frame is above 20 and 50 moving average, in 30 timeframe broken market structure and formed a new uptrend. and i think it will reach 7650 on the long run.
ASX/AUD is trendig bullish asxaud is looking great movement
buy long 7070
stop loss 7048
take profit 7084
ASX AU200 ~ Nov-Dec Snapshot (4H Intraday)CAPITALCOM:AU200 chart mapping/analysis for last week of November.
TBC further details/write-up via ideas section, cheers.
AUS200 has lost momentum and preparing for a downward week.AUS200 lost the momentum on the daily chart and confirmed the downtrend on the 1h chart.
It's expected to start falling.
China Property Stimulus to Boost Aus200 IndexThe recent announcement of a stimulus package by the Chinese government to boost the property sector is expected to have a positive impact on the Australian stock market, particularly the Aus200 index. The stimulus package includes measures such as lower down payments for home purchases and tax brea
7000 Break or Bounce?In our previous analysis we mentioned how 7000 was an important level in the ASX market and how the breach of the level could trigger a shift in the market sentiment to bearish and signal continuation of the overall downtrend. Round numbers are of significant psychological importance and act as a
AUSSIE To Go Under? With only 5 trading days left before the monthly close; 7000 will be an important psychological level to watch. A strong break and close below 7000 could potentially trigger shorts and the resumption of the overall down-trend which could see the Aussie sink lower between today`s session into ear
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