Elliott Wave Analysis: ASX200, CBA, BHP, FMG, RIO, NCM, AUDUSD

US Spot Gold is set for a larger move lower. The Australian market will see lower levels Friday and Monday as we are short.

person using MacBook Pro on table

Image Source: Unsplash

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)
  • Newcrest Mining NCM
  • VanEck Gold Miners ETF GDX

Technical Analysis Trading Strategies:

  • ASX200 Market Summary: back to bearish trends. Elliott Wave 3 is starting and we will look to build short trades. I'm also looking at Gold markets to head lower for the weeks ahead... 
  • Trading Strategy ASX 200 See video, however looking to short trade Elliott Wave (ii) on the corrective rally

Video Length: 00:39:47

Comments