ASX 200 (^AXJO) Technical Analysis Elliott Wave Trading.

S&P/ASX 200 Index (^AXJO) Technical Analysis Elliott Wave Forecast. 
Plus CBA  ANZ BHP RIO FMG, IRON ORE, COPPER, CRUDE, AUDUSD, GOLD, SILVER, DXY, NIFTY 50, CHINA  A50 Shanghai Composite SSEC. 

ASX 200 Index Overview: Bullish corrective pattern Wave (4).
ASX200 Elliott Wave (c) of b) of Y of (4) or the Bullish count is Wave (5) started, needs confirmation.
Trading Levels: take profit at 7400 and wait for the next trade set up (Classic TradingLevel pattern).
ASX200 Trading Strategy: trade to 7400

Commodities:
Copper Elliott Wave iv) correction.
Crude Oil Wave 4.
Natural Gas Elliott Wave 4 Expanded Flat.
Iron Ore: bias is bearish.
US Spot Gold 1750 critical support, if breach then bearish count is in play.

Australian Stocks:
Finance and Bank: Bullish.
BHP RIO FMG trading long off the lows.
STO OSH WPL, prepare for corrective pullback.

Video Chapters:
00:00 ASX200 Banks XXJ,CBA  & ANZ Elliott Wave Analysis.
17:57 Nifty 50 & China A 50 Shanghai Comp SSEC Elliott Wave Analysis.
22:05 Commodities Iron Ore, Gold, Oil, Natural Gas and Copper Wave Analysis.
41:36 AUDUSD & DXY Elliott Wave Analysis.
49:04 ASX Resource Stocks NYSE BHP ASX BHP FMG Elliott Wave Analysis.
55:59 Thank you for watching ASX200 Elliott Wave Analysis.

Trading tips:
"Are you willing to lose money on a trade? If not, then don't take it. You can only win if you're not afraid to lose. And you can only do that if you truly accept the risks in front of you."

As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.

Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.

The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD climbs to 10-day highs above 1.0700

EUR/USD climbs to 10-day highs above 1.0700

EUR/USD gained traction and rose to its highest level in over a week above 1.0700 in the American session on Tuesday. The renewed US Dollar weakness following the disappointing PMI data helps the pair stretch higher.

EUR/USD News

GBP/USD surpasses 1.2400 on further Dollar selling

GBP/USD surpasses 1.2400 on further Dollar selling

Persistent bearish tone in the US Dollar lends support to the broad risk complex and bolsters the recovery in GBP/USD, which manages well to rise to fresh highs north of 1.2400 the figure post-US PMIs.

GBP/USD News

Gold trims losses on disappointing US PMIs

Gold trims losses on disappointing US PMIs

Gold (XAU/USD) reclaims part of the ground lost and pares initial losses on the back of further weakness in the Greenback following disheartening US PMIs prints.

Gold News

Here’s why Ondo price hit new ATH amid bearish market outlook Premium

Here’s why Ondo price hit new ATH amid bearish market outlook

Ondo price shows no signs of slowing down after setting up an all-time high (ATH) at $1.05 on March 31. This development is likely to be followed by a correction and ATH but not necessarily in that order.

Read more

Germany’s economic come back

Germany’s economic come back

Germany is the sick man of Europe no more. Thanks to its service sector, it now appears that it will exit recession, and the economic future could be bright. The PMI data for April surprised on the upside for Germany, led by the service sector.

Read more

Majors

Cryptocurrencies

Signatures