ASX200,AUDUSD,CBA, BHP, RIO, FMG, Iron Ore Technical Analysis Elliott Wave 23 Feb 2021-Trading Lounge
ASX200,AUDUSD, BHP, RIO, FMG, Technical Analysis Elliott Wave
Overview: The ASX needs to develop support on 6800 otherwise a bearish pattern in line with Aus banks will emerge
Elliott Wave count: Wave (ii) completed but needs confirming with support on 6800 otherwise we have a larger bearish picture and the video explains this.
Trading Levels: Market Support 6800
ASX200 Trading Strategy: neutral, Support 6800 creates long trades
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The S&P/ASX200 index represents the 200 largest stocks on their weighted market capital in the Australian stock market "Australian Securities Exchange" (ASX). This ASX200 index represents 72% total market value of the stocks trading on the Australian Securities Exchange.
The Charts in this video are from a Contract For Difference (CFDs) perspective, meaning the data feed is partly from the ASX cash market and the SPI futures markets plus fair value as a CFD product for CFD Trading.
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