Elliott Wave analysis: ASX200, CBA, BHP, FMG, RIO, gold, NCM, WPL, STO, AUD/USD [Video]

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!

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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