ASX 200 Elliott Wave Analysis & Day Trading


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 ...

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