ASX 200 Trading Idea
Updated
Hi everyone! Here's my review of ASX 200 Index for today.
A few days ago, in tandem with the global market selloff, it was extremely bearish for a few days. But starting two days ago, the buyers took control, as shown by the bullish candlestick. As annotated in the chart above, I include the support and resistance for buy/short entry.
Let's see what happens next whether it goes up, down, or between both support and resistance.
A few days ago, in tandem with the global market selloff, it was extremely bearish for a few days. But starting two days ago, the buyers took control, as shown by the bullish candlestick. As annotated in the chart above, I include the support and resistance for buy/short entry.
Let's see what happens next whether it goes up, down, or between both support and resistance.
Note
As promised yesterday, I'm going to tell you how I go long or short the indices.I use "STRUCTURED WARRANTS", or just warrants, to trade long or short not only indices but also equities, ETFs, etc.
It has almost similarities with options, but warrants (or structured products in Europe) listed on stock exchanges, just like shares.
You can find more information about warrants via Google search. Many choices of warrants listed in Hong Kong Exchange, Bursa Malaysia, Australian Securities Exchange, Frankfurt Stock Exchange, etc.
Note
Update: You might notice that both bullish candles are actually inside bars. :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.