S&P/ASX Index FX:​AUS200

Already in this one but looking to trade the volatile bounce higher, have to be mindful of the volatility coming from the US though US Indices do not look good on the macro timeframes, this months close will be important as most of the US indices show very ugly divergences and reversal patterns Watch gold monthly as well... could be a nice bounce trade coming...!

Greetings Traders! I thought I would try something new this time. After analyzing this chart, I was able to identify an upside down flag that will eventually become a short trend. There's potential to make some pips on the uptrend before it reverses: Stop Loss - 6152 Take Profit - 6223 Once the target has been hit you should get ready to trade a short. HAPPY ...

#ASX200 $XJO testing broken uptrend line

waiting for signal

Big drop is coming, short!

It's been a good ride for the ASX200, they've been licking the punch bowl dry down-under. But based on how I see the economic narrative evolving both Internationally and Domestically and the subsequent realizations that will likely weave their way into imaginations, I am bearish and hunting for good short entry points.

Interesting divergence in the past few months in what are normally two highly correlated indexes (Hong Kong's HSI and the Australian index). Hong Kong is the red line, whereas Australia is the blue line. Note the stark divergence where HK is heading south, while Australia has yet to head downward. Note that the lines represented here are the 100-day exponential ...

Continuation pattern has just been broken out.

This is a very long term trade, its more investing than trading. A wave, B wave seems to be completed, divergence and waiting for C wave to unfold.

We bounced from from low BB band. Enough said.

Price reached resistance on the weekly and daily timeframe + overbought + fundamental conditions are in favour of downside (US 10y yields, geopolitics, etc). These are all the reasons why I am short on this one

up to top

#ASX in USD has a solid support...but most Mov avgs looking lower

The B wave of the this unfolding zig zag looks complete. A bullish engulfing candle on the hourly chart is a confirming signal that the 5 wave C wave is complete. This next move up should be a nice trade.

long

Here's the SPI on a four hour chart. Tricky bull trap and new high on no volume. Target is only a suggestion. Should be a LOT of selling on Monday

Hello guys hope y'all are doing good. I posted this chart a very long time ago when this was in the middle of the correction and now it almost looks like that the correction will be end soon. Current;y its in a weekly big corrective structure so one more down is possible before the next upside. So this will be a nice sell setup. Wait for a breakout and a proper ...

A technician will tell me if these are genuine cup and handle patterns but with all the talk out there of tops and over stretched markets there might still be reasons to be super bullish in some markets. Of course. plenty of technical patterns fail miserably.....