Market Analysis On ASX 200, AUD, Gas, Oil, Gold & Iron Ore - Tuesday, Oct. 19

ASX 200 (^AXJO) Technical Analysis Elliott Wave Trading 

  • ASX 200 Index Overview: Bullish corrective pattern Wave (4)
  • ASX200 Elliott Wave (c) of b) of Y of (4) or the Bullish count is Wave (5) started, needs confirmation
  • Trading Levels: take profit at 7400 and wait for the next trade set up (Classic TradingLevel pattern)
  • ASX200 Trading Strategy: trade to 7400


  • Copper Elliott Wave iv) correction
  • Crude Oil Wave 4
  • Natural Gas Elliott Wave 4 Expanded Flat
  • 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 for corrective pullback

Video Length: 00:55:59

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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