S&P/ASX 200 Index (^AXJO) Technical Analysis Elliott Wave Forecast.
ASX 200 Index Overview: Bullish Impulse pattern Wave (5)
ASX200 Elliott Wave iii) of 3 of (5)
Trading Levels: take profit at 7400 and wait for the next trade set up (Classic TradingLevel pattern)
ASX200 Trading Strategy: trade to 7400 then look for tested support on this level for the next move higher
Commodities
Copper Elliott Wave bullish impulse wave higher
Crude Oil Wave 5
Natural Gas Elliott Wave 5 starting
Iron Ore: bias is bearish
US Spot Gold 1750 critical support, if breach then bearish count is in play
Australian Stocks
Finance and Bank: Bullish
BHP RIO FMG trading long off the lows
STO OSH WPL, prepare to buy
Video Length: 00:53:14
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 ...
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.
Peter Mathers started actively trading in 1982. He began his career at a Japanese futures trading company. After learning Japanese analysis techniques, Peter moved to Sydney where he worked for ...more
Peter Mathers started actively trading in 1982. He began his career at a Japanese futures trading company. After learning Japanese analysis techniques, Peter moved to Sydney where he worked for various brokering houses, furthering his practical knowledge of derivative markets. Extending his passion overseas, Peter travelled to Britain where he studied both the UK and US markets. When Peter returned to Australia, he updated his qualifications and went on to write and deliver advanced trading workshops for global leaders in foreign exchange and derivative trading, including CMC Markets, City Index, Invast and others. As a well-seasoned trader, with an aptitude for investor education, Peter obtained the necessary licences to establish TradingLounge and offer education and trading support to traders and investors.less