Asx200long
ASX approaching support, potential bounce!ASX is approaching our first support at 5546 (61.8% fibonacci extension , 50% fibonacci retracement , Horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 5950 (100% Fibonacci extension , 50% fibonacci retracement , Horizontal overlap resistance).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
ASX approaching support, potential bounceASX is approaching our first support level at 5550 (61.8% fibonacci extension, 50% fibonacci retracement, Horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 5960 (61.8% Fibonacci extension, 50% Fibonacci retracement, Horizontal overlap resistance).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
ASX approaching support, potential bounce! ASX is approaching our first support at 5546 (61.8% fibonacci extension, 50% fibonacci retracement, Horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 5950 (100% Fibonacci extension, 50% fibonacci retracement, Horizontal overlap resistance).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
ASX approaching support, potential bounce! ASX is approaching our first support at 5590 (100%, 61.8% fibonacci extension, 50% fibonacci retracement, Horizontal swing low support) and a strong drop might occur below this level pushing price up to our major resistance at 5949 (100% Fibonacci extension, 61.8% Fibonacci retracemen, Horizontal overlap resistance).
Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
ASX approaching support, potential bounce! ASX is approaching our first support at 5560 (61.8% fibonacci extension, 50% fibonacci retracement, Horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 5950 (100% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal overlap resistance).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
ASX:XJO 6300 by December
Chris Moody's MacD indicator showing buy signal right now
Squeeze Momentum showing it's in the good deal territory
Candles are below the Chris Moody's MA
As soon as you see 2 consecutive red candles on the 1 DAY Heikin Ashi chart for ASX:XJO, that's your stop loss, get out.
...otherwise I don't see why it can't hit 6300 even with one pullback.
ASX is approaching resistance, potential drop! ASX is approaching our first major resistance at 5885.8 (horizontal pullback resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension). A strong drop might occur below this level, pushing price down to our major support at 5692.5 (horizontal swing low support).
Stochastic (89,5,3) is also approaching our major resistance and is seeing a bearish divergence where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
