AUS2001) Range breakout
2) Aus200 Printing HH and HL
Move your Stop Loss to the Entry Point when TP 1 get hit.
About S&P/ASX Index
The S&P/ASX 200 index (also known as the XJO) is the main benchmark for the Australian equity market (replacing the venerable All Ords as the industry standard). The index is made up of 200 of the top stocks, which boast a total value of around $1.1 billion (end of March 2010).
Is it over for AUS200 bulls? The Australian Stock Market Index ended last week with a powerful breakout from a 107-day-old triangle pattern. Despite corrections this pattern remains valid as long as the index stays above the breakout candle low of 7795. Between 7902 and 7795, traders are likely to seek buying opportunities on d
XJO (ASX200): 19 JUL, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M (Master's Designation).
Forecast: Bullish
Position: Fourth Wave
Wave (iii)-orange is opening up to push higher, it is subdividing into wave iv-gray. The fourth wave will push down a bit and soon expire, then the gray v-wave will return t
Cypher to Break Aussie FlagASX200 is in a Bullish Flag configuration, as this equity index (as with many others) is in
a corrective mode.
Within this pattern, a Harmonic may also be in the making. Specifically, a Cypher Pattern with
a 1.41 extension.
Keeping a watch on this index for a move towards 7825-7850.
In a larger
Aussie Flag BreakoutThe ASX 200 on the intraday chart has formed a Pole and Flag Pattern. It appears there maybe a breakout to the upside.
The long trade is on chart
1. Enter - at breakout of 8050
2. Stop - if this is a valid breakout, then 1/3 the flag consolidation should be sufficient.
3. Target - Either a measu
AUS---200-----Bullishthere is no divergence in H4 when see round shape make a entry and there is break of resistance
AUS200-----Bearishthere is price rejection at resistance with divergence also there is cross of 20ema with 50 ema
ASX rally to stall at market price?ASX200 - 24h expiry
Indecisive price action has resulted in sideways congestion on the daily chart.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
We expect a reversal in this move.
Risk/Reward would be poor to call
ASX AUD- Long Set UpLooks like reversal on 1H TF. Have my buy stop / entry at 7762.
Entry - 7762
Stoploss - 7672.5
TP-1 - 7852.2
TP-2 - 7942.8
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Frequently Asked Questions
S&P/ASX Index reached its highest quote on Jul 17, 2024 — 8,104.19 USD. See more data on the S&P/ASX Index chart.
The lowest ever quote of S&P/ASX Index is 1,358.50 USD. It was reached on Nov 17, 1992. See more data on the S&P/ASX Index chart.
S&P/ASX Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy S&P/ASX Index futures or funds or invest in its components.