Australian Stocks And Index ASX 200 Technical Analysis - Tuesday, Jan. 4

ASX 200 Index Overview:

  • Bullish Corrective pattern Wave (4)
  • ASX200 Elliott Wave: waiting to confirm wave structure, however if 7500 becomes the tested support then long trades are on.
  • ASX200 Trading Strategy: Neutral

Cutout paper illustration representing scheme and Stocks inscription

Image Source: Pexels

Australian ASX Stocks Elliott Wave Analysis:

  • CBA: Elliott Wave a) of B of (2)/(4)
  • ANZ: Elliott Wave (4) completed, requires confirmation
  • BHP FMG RIO Risk Off and stops moved to protect profits

Video Length: 00:31:05

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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