ASX 200 Elliott Wave Forecast

Elliott Wave Analyst - tradinglounge • Aug 17, 2021 at 4:03 AM EDT

No Change. The ASX200 bullish trend to the end of August and being driven by the ASX finance sector has further highs to make, we will tie the CBA wave count into the ASX200.

(Video length 00:38:35)

S&P/ASX 200 Index (^AXJO) Technical Analysis Elliott Wave Forecast. Plus $CBA $ANZ $BHP $RIO $FMG, IRON ORE, COPPER, CRUDE, AUDUSD, GOLD, DXY, NIFTY 50, CHINA A50.
ASX 200 Index Overview: No Change The ASX200 bullish trend to the end of August and being driven by the ASX finance sector has further highs to make, we will tie the CBA wave count into the ASX200.
Australian Stocks: Current Long trades for CBA and ANZ. Resource stocks BHP, RIO, FMG etc trending lower
Trading Levels: ASX200 Classic Trading Levels pattern across 7600
ASX200 Elliott Wave: v of (iii) of v) of 5 of (3)
ASX: XJO Trade Ideas
ASX200 Trading Strategy: Holding long through the 7600 however expect a Classic Trading levels pattern across this level as Wave iv and now entering Wave v of (iii) of v) of 5 of (3)

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.