S&P/ASX 200

Ok, so this is my first post on TradingView Ideas. I prefer to use trend line and 20-day exponential moving average for my technical analysis. So based on the ASX 200 chart, it seems bearish, so I put short on the chart, and I'll see how it goes. Tell me what you guys think..

XJO PATTERN TRADING. COULD BE A REVERSAL OR A CONTINUATION - ABLE TO TRADE EITHER WAY

Looks like the ASX 200 is currently trending downwards trading within a channel with good upper and lower range. Short-term rebound is expected towards the channel ceiling, however with bearish pressure towards a strong support at around 5635. Additional shorting opportunity "may arise" when a downward break through the upward trending RSI (from 06/06/17 05;00 to ...

ASX weekly is testing resistance. Changes to retirement fund contribution rules are likely seeing inflows into managed funds in order to beat the mid year deadline.

LONG WITH PREVIUS IDEA ON CHART U CAN SEE NICE PRICE ACTION EVERY TIME WITH TRENDLINE STILL OPEN,

GOOD STRUCTURE WITH FIBB RETRACEMENT GOOD PRICE ACTION GO LONG, SWING =) GL

Bearish AB=CD worked with shallow ABC retracement of around 30% worked .

XJO is continuing its bear trend. It has been retracing since the morning. My prediction is that it's getting ready for sell.

Detail is within the Chart. As usual the XJO is pre-empting the SPY and the AUD Our market is not big enough to have its own ideas.

Bearish shark emerged. Looks quite harmonic , i will short it.

ASX 200 on support. Will be a confirmed weekly lower high lower low.

I'm not normally one for pointing out patterns before they're close to trigger, but this ASX (XJO, AUS200 whichever you follow) has a beautiful H&S pattern emerging having now made a distinct lower high from the 5600 area. It will be interesting to see how it handles the overhead resistance this week but I'll be watching this like a hawk if we see further downside ...

My thoughts

Bubbles in the stock market

Correction.

We seem to be in a wave 3 rise or wave C rise of an extended zigzag. Wave 3/C has reached 161.8% FE of 1/A. Thus, at least a short term pullback should come, at least till 38.2%.