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AUS200

ridethepig | Opportunities in Hydrogen stocks📌 Another single stock opportunity... I will start posting a lot more of these as the feedback has shown it is working. For today we are tracking a very interesting flow that is finally coming into fruition. Australia, Japan are advancing talks on hydrogen and a deal is around the corner. The breakout of the highs shows flexibility required and is an example of how to look at the important aspects rather than political noise. Momentum players here wish to play down an extension of the range, they wish to create for themselves an advance with reason and presence from the PM visit to Japan to make it a celebration. Another 75% is necessary, despite the fact we are already up big. Buyers should continue to find the courage to resist taking profits and quietly continue loading. The target of 1.50 is possible here . Thanks as usual for keeping the feedback coming 👍or 👎
ASX:HZRLong
by ridethepig
5
ASX - Wave Revision - Ending Diagonal Wave VMapping out the exact waves in this ending diagonal in the Australian Stock Exchange. Wave v is breaking back into the AriasWave pitchfork channel and will soon retest in Wave E of Wave (B) of this Expanding Type-2 Zig-Zag. Once the final high is made just above the purple line and then dips back below it this should indicate a top. Once it breaks back down and out of the AriasWave pitchfork channel this should confirm a top is in place. Please LIKE and FOLLOW to get notification of updates and future posts.
ASX:XAO
by AriasWave
The Aussies: Mind the Wedges!I show what happened after two wedge formations. Note carefully wedges do not rule the market. The create probabilities not predictions. Wedges do fail. There is hardly ever a perfect wedge pattern. The most recent one doesn't look too great. Price can fall out of a wedge and rock back in as you will see. Therefore trendlines drawn have to be estimates. From experience only, recovery from the base of wedges - when the happen tend to get closer to the notional apex of the wedge or exceed them. As I said, there is no rule - because these formations do not rule the markets. Wedges often don't work. These descending wedges shown are in a bull market, hence the expectation is for price to recover. This market could be collapsing when looked at from a higher time frame. Therefore, I do not expect a good retracement up on the most recent wedge. But I'm always happy to be surprised. My strategy here, is to follow a 5 to 10 min trend up as far as it will go. That means, no targets. I am aware of much that has been written about wedges out there by many a guru. I do my own thing with these formations. I also know that wedges go by different names. Call it what you want - the important issue is the general shape. I am not a wedge expert. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FX:AUS200Long
by Captain_Walker
Candle and wedge pattern - Starring The Aussies! This is an interesting position. Anything is possible. No advice is given. New traders may need to study these patterns and practice on paper trading accounts. Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FX:AUS200
by Captain_Walker
THE AUSSIES: WAKE UP GET READY!This is a 12H setup - like the weather - showing the case for a potential reversal south. Features: 1 - zone of congestion in what looks like a PRZ 2 - an alternate ABCD pattern. 3 - price just below 12H ATR line. Contrary to the received wisdom ABCD patterns do not have to be a precise pattern with a 61.8 retracement of initial limb. It can be a 78.6. In fact there are a whole range of ABCD patterns. The important issue from my observations is that AB is roughly equal to CD. As prices on most tradingview charts are mid-point we can't expect high accuracy. As usual this setup does NOT mean that price has to reverse. There is about a 51% chance of reversal south in my estimation. That leaves 49% chance for continued movement north. Keep that in mind and remember that you can't win without risking a loss. Make it an affordable one. Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FX:AUS200
by Captain_Walker
1
POTENTIAL EXPLOIT: Aussies in trouble.The 4H position on the AUS200, could be an advantagious exploit for a controlled affordable loss. 1 - The Aussies tend to follow the DJI and USTech 100. 2 - But there is usually a time lag of between 30 mins and 2 hours. 3 - The DJI did a major leg down but the Aussies barley flinched after a major bull run yesterday. I've seen it many times, where they catch up after that delay. Then they panic. As the DJI could be moving south from the base of a head and shoulders pattern (see my posts), then if the Aussies follow south and panic - it could be a nice exploit. Remember your risk controls please. Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FX:AUS200
by Captain_Walker
Aussies not looking happyThe current picture on the 3D time frame shows the following: 1. Price has rebounded to a 61.8 fib and is struggling. 2. The market has disallowed 6200 on four occasions. 3. Price is flattening in a structure zone. 4. The rebellion to current level has taken 5 times what it took for price to crash. 5. This is still a bear market as price has not nearly challenged the 6620 level. None of each of the above means anything on it's own. But taken together the probability is for the south around this time. How far south - nobody knows! The probability can change as new information emerges. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
FX:AUS200Short
by Captain_Walker
1
Trend change is coming. Entry technicsThe Australian dollar rallied above 0.72 and was immediately rejected. But it still holds the above the daily trendline. Potentially this rally can be extended to 0.73. Buyers have to protect their positions with tight stops. Commercials (based on COT) keep adding to their short positions, the cycle is turning to the downside. That makes me believe a selloff is coming. Failure to make a new high or breakdown below the daily trendline is a sign of trend change.
Short
by UnknownUnicorn1156963
Will we see the Australian dollar gain strength vs the JPY?The monthly is looking interesting to me here. -Broken out of a possible demand zone -Clearly broken downtrend on the RSI and stoch 1M and starting to look positive for a swing I think its logical that AUD JPY has a attempt to go to 80 cents here at least. This is not a call to say buy now it will go up with a instant 10% increase lol.. It can pump but looks like it needs more retracement. IF we can find support on one of the blue order/demand zones and other technical analysis supports it then i will consider a trade at the moment i would prefer to get a good entry.
by Worth_The_Ri5k
1