ASX200 and Nifty Bullish Trends [Video]

Peter Mathers TradingLounge

NIFTY 50 ASX200 HANG SENG Technical Analysis Elliott Wave 17 January 2020

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NIFTY 50 Overview: Today I take a look at the bigger picture using the Nifty Mid-Cap and we can clearly see that the Mid-Cap is just coming out of a long term correction Wave (4) and will continue to move higher through 2020, that means the Nifty 50 will also continue higher through 2020

NIFTY Elliott Wave: Wave (v) higher

NIFTY Trading Levels: Support on Minor Level 3 mTL3|12,300 this is also the top of Minor Group1 and important as it sets up the next target at 12,500

NIFTY Trading Strategy: trade long on new highs

ASX200 Overview: Today I take a look at the bigger picture the Elliott Wave Primary degree of structure and using this count we can see a bullish beyond 2020. I also take a look a CBA bigger picture Elliott wave count because we are currently long in this market

ASX200 Elliott Wave: next level is 7,100 but the target is likely higher at 7200

Trading Levels: 7200 next critical level

ASX200 Trading Strategy: holding long, currency have positions just abo

ve 6900 with stop loss 7042

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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