ASX200 double topASX200 is at a double top, if momentum holds this would be a powerful breakout the chart lines up for a market exhaustion at tax time =)
Trade ideas
AUSTRALIA200 Formed Double BottomAUSTRALIA200 Formed Double Bottom in Daily Time frame.
The neckline of Double bottom structure has already been broken.
Now It is expected Buyers may push the market to the higher levels of 7600 and further.
It may be a good opportunity for the investors and traders to enter into the long position with a Averaging Cost method.
AU200AU LONGPossible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; accompanied by the loss of bearish strength indicated by the ADX rebounding towards the EMA . The MACD lines would be giving a possible buy signal soon. I think you could go looking for the previous high price zone when you see indications of a bounce move higher on the 4-hour chart. In 1 hour timeframes we see that it has broken the bearish structure, forming higher lows than the previous ones.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and makes a range, it will be better to close the operation in case it is possible.
2023-2024 Forecast - from Dow Jones 2000-2002 dot com RoadmapThis is a chart of the Dow Jones 2000-2002 dot com bubble market overlaid on the Australian share price index, but really, this Dow Jones market could be laid upon a number of U.S. indices and you would still find a high level of correlation.
The forecast dates are unlikely to align. The overlaid will need to be pushed and pulled forwards a backwards by a number of months to achieve 1, 2 or possibly 3 'best-fit' potential outcomes.
The major low is generally more likely to aligning with a secondary low (a low just before or after the major low), or possibly one of the highs between the lows.
ASX offers good risk/reward at market.ASX200 - 22h expiry - We look to Buy at 7468 (stop at 7411)
The medium term bias remains bullish.
Bespoke support is located at 7468.
This over-extended move shows no sign of slowing.
Preferred trade is to buy on dips.
Our profit targets will be 7588 and 7625
Resistance: 7531 / 7588 / 7620
Support: 7468 / 7447 / 7395
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AUS200Big short -New update it's looking good sell right now ( just my opinion ) Last AUS200 idea was taking SL but it's giong right way
the decrease in the price of the Australian dollarThis analysis is for those who work in Australian currency
AUS200 = pathway to 7080 from 7380 nowA possible 300 point correction - if that happens, this is how I see it unravel over the next 3 weeks
If there is a daily CLOSE > 7415 then this gets invalidated. Very close to that mark but that is where the best RISK v REWARD lies in going against this huge uptrend
(Not all levels can get hit on the given date/time but the overall path towards 7080 could see this projected patch )
ASX200 - Target still on its way to 7,814Target 1 remains at 7,814 for the ASX200 (AU200)
We based the decision on a large Rounding Bottom that formed in 2022.
Now we have a new Cup and Handle form.
7 >21 >200 MA
RSI >50 - Upward momentum - Bullish
Funny enough, the target remains at 7,814.
BULLISH
AUS200Dear friends, what we are going to see in this post is why I'm waiting to go long on AUS200.
Price was travelling in the downward direction in the 4h time frame and now it is the verge of a breakout. As it is a breakout for the first time from the downward parallel channel, price will reverse as there is a supply zone at 7146.00 to 7183.80. Even though price is near to the 8h supply zone still price is coming from the strong demand zone. Now you can see there is a heavy buying pressure. Whatever AUS200 goes towards the supply zone still it is coming from a strong demand zone. So, shorting at this time is little is a bit risky but small profit can be expected. Don't expect too much. Just book the profit if you are shorting and sit quietly for the price action. Because it is very important to stay protected our capital in the stock market.
If you look at this chart the price has a strong support to retest to go upside. Trend is down in the lower time frame, and it is up in the higher time frame. As we all know that higher time frame controls the lower time. So, if you want to go short, yes you can. But don't expect too much. Price may or may not go up quickly. But all I expect is that the price will go down to take a strong support and then go up. If you are a breakout trader and you're on the verge of the market high, then you can plan your risk accordingly.
The current supply zone will prevent the price from going up. The traders who have taken the long position entrap bulls. Everyone rushes to open a long position as the price is going up rapidly. But after opening the long position the price starts to fall after the frenzy that heats up our head. If the price of this script starts falling, then the best place to open a long position is at 7029.00 or 6921.00.
Look at the chart attached for a better clarity. Avoid buying in haste. Perhaps 7110.00 is a good place to buy this stock if it closes above 7200.00.
But it is wise to follow your risk management before taking entry.
I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways.
Thanks & Regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
FXOPEN:AUS200
ASX200 shaping up nicely for bullsThe ASX200 is bias up ahead of the CPI release today....into previous resistance and highs so may react lower again but for now is looking nicely supported.
AUS200AUD re-testing double top necklineTrade Idea: Selling AU200AUD
Reasoning: Double top formed in 1hr chart. Re-testing the neckline
Entry Level: 7097.6
Take Profit Level: 7006.7
Stop Loss: 7127.6
Risk/Reward: 3:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis, as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Buying ASX at market.ASX200 - 24h expiry - We look to Buy at 7105 (stop at 7065)
We are trading at overbought extremes.
A lower correction is expected.
Short term bias is bullish.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 7220 and 7280
Resistance: 7340 / 7590 / 7800
Support: 7140 / 6965 / 6860
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AUS200 trading at supportI would take a long position here but will be with smaller risk than usual because the market is at 4h resistance but there could be a chance for another push up.
Selling ASX into a rally.ASX200 - 24h expiry - We look to Sell at 7130 (stop at 7175)
We are trading at overbought extremes.
This is negative for sentiment and the downtrend has potential to return.
The hourly chart technicals suggests further upside before the downtrend returns.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 7005 and 6975
Resistance: 7140 / 7340 / 7590
Support: 6965 / 6860 / 6770
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Expecting AU200 to cheer up as US/EU re-opensTrade Idea: Buying AU200AUD
Reasoning: Reacted from 6860 looking to re-test break of support. Expecting prices to be dragged back up from US/Europe re-opening in the new year.
Entry Level: 6921.0
Take Profit Level: 7011.0
Stop Loss: 6891.0
Risk/Reward: 3:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis, as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
S&P ASX 200 Index - 15MGoing Short
Entry: 7070
SL: 7133.9
TP: 6992.2
Going short on S&P ASX 200 Index. Market moves bearish.
AUS200 LONG Leveraged products carry a high degree of risk to your capital and any forecasts given are not a reliable indicator of future performance.
Buying ASX at psychological level.ASX200 - 21h expiry - We look to Buy at 7000 (stop at 6960)
Selling pressure from 7171 resulted in all the initial daily gains being overturned.
The current move lower is expected to continue.
The medium term bias remains bullish.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 7115 and 7140
Resistance: 7140 / 7340 / 7590
Support: 6965 / 6860 / 6770
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
AUS200 forecast December/JanuaryWith holiday comes low volatility. I expect market to stay within 7080-7158. Very likely till first week of January.
This might play out two ways:
1. Bullish scenario:
- we break above 7158, and hit 7250. (Max 7400 to form double top on daily chart and then drop to 6500 or even new lows)
- looking into Elliott Waves strategy - we could face one more wave to the upside
2. Bearish scenario:
- not much movement until Jan, staying around 7080-7195.
- drop to 6500.
Long story short I expect going back towards 2022 lows in the next three months. It’s hard to say when exactly it’ll happen. Big move can be triggered by pretty much anything at this point (worse CPIs, new Russian sanctions, restrictions in China, new wave of Covid….).
This is a risky enviroment so trade carefully and always do your own analysis before opening the trade.
SPI200 - Sentiment remains negativeSPI200 - Intraday - We look to Sell at 7165 (stop at 7215)
Buying pressure from 7018 resulted in prices rejecting the dip. With the Ichimoku cloud resistance above we expect gains to be limited. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred trade is to sell into rallies.
Our profit targets will be 7025 and 6965
Resistance: 7140 / 7340 / 7590
Support: 6965 / 6860 / 6770
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Low confidence in ASX rally to lastThin Volumes, Heading into historical resistance are, MACD already flashing
Global risk landscape did not change significantly since the bottom
Getting close to all time high - just about 5% off, the closer we get the more attractive risk reward shorts have
What are the chances of breaking new highs during economic uncertainty and increased price for liquidity?
