Australian Stock Market Elliott Wave Analysis Trading Levels ASX 200 Index (XJO), Forex AUDUSD, Commonwealth Bank CBA, BHP Group (BHP), Rio Tinto (RIO), Fortescue Metals Group (FMG),Woodside (WPL) Stantos (STO), Newcrest Mining NCM, VanEck Gold Miners ETF GDX, Technical Analysis Trading Strategies.
ASX200 Market Summary ASX200: a) b) c) as Minor Wave 2 Correctie rally. Another session for the upside before the turn lower. This corrective rally is in line with US markets, however we still need to confirm the move up as a corrective rally.
ASX200 Trading Strategy: Once the five waves as c) of 2 is completed, we can then start to look at being long or short, the bias is short.
Video Chapters:
00:00 ASX 200 SPI XJO
11:43 Commonwealth Bank CBA
13:48 Iron Ore BHP RIO FMG
7:28 WPL STO
19:55 US Spot GOLD, GDX, NCM
23:02 Forex AUDUSD
24:59 Thanks for watching!
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