ASX 200 Elliott Wave Analysis & Day Trading

By Peter Mathers of TradingLounge.com

Elliott Wave Analyst - tradinglounge • Oct 9, 2021 at 7:29 AM EDT

Technical anaysis covering ASX 200, iron ore, copper, crude oil, natgas, AUD/USD, Nifty 50.

S&P/ASX 200 (^AXJO) Technical Elliott Wave Analysis (c) of b) of Y of (4)
Plus CBA ANZ BHP RIO FMG, IRON ORE, COPPER, CRUDE, AUDUSD, GOLD, SILVER, DXY, NIFTY 50, CHINA

ASX 200 Index Overview: Bullish corrective pattern Wave (4)
ASX200 Elliott Wave (c) of b) of Y of (4)
Trading Levels: Currently in Minor Group 1 7300|7200|7100
ASX200 Trading Strategy: Neutral

Commodities
Copper Elliott Wave Triangle for Wave B
Crude Oil to $80
Natural Gas Elliott Wave 4 Expanded Flat
Iron Ore finding support 650 low in place CHINA CLOSED
US Spot Gold Elliott Wave has broken support, but still in the larger Elliott wave triangle pattern, move lower 1700 - 1720

Australian Stocks
Finance and Bank: Neutral
BHP RIO FMG lows not in place yet.
STO OSH WPL, prepare for corrective pullback

Trading Tips
"In trading, you have to be defensive and aggressive at the same time. If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep the money."

Video Chapters
00:00 ASX200 Banks XXJ,CBA & ANZ Elliott Wave Analysis
19:10 Nifty 50 & China A 50 Shanghai Comp SSEC Elliott Wave Analysis
20:21 Commodities Iron Ore Copper Crude Gas Gold Elliott Wave Analysis
31:12 AUDUSD & DXY Elliott Wave Analysis
34:04 ASX Resource Stocks NYSE BHP ASX BHP FMG Elliott Wave Analysis

Video length 00:36:49

Disclosure:

As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular 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, tradinglounge takes no responsibility whatsoever for your trading profits or losses. 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 in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.

STOCKS IN THIS ARTICLE

BHP FCX RIO EWA FXA

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