AUSTRALIA 200 index is going upthere are some confirmation
1. Bullish divergence
2. Bullish candle formed
we will take entry after breaking the high of bullish candle
set buy stop order at the entry
About S&P/ASX 200 Index
FIGI
BBG000GVFS05
The S&P/ASX200 is an index that represents the 200 top stocks based on their weighted market capital in the Australian stock market "Australian Securities Exchange". The index represents 72% of the total market value of all the stocks traded in the Australian Securities Exchange. The trading hours for the ASX 200 index takes place from 10:00 a.m. to 4:00 p.m. Sydney time. This index was created back in 2000 and it started with a value of 3,133.3. The 2015 market capitalization of the index amounts to A$ 1.1 trillion, which sets it around the same market capitalization with some of the major indexes of Europe. The ASX200 is an indicator that gauges the performance of the Australian stock market and this indicator could be used as a guide by investors that want to understand how the biggest economy in Oceania is performing.
AUS20010th Nov 2022 - We have tapped into bearish Oderblock on daily timeframe, wait for a CHoCH to the downside before looking at shorts
ASX 200 short term analysis with Elliott WaveOm Namah Shivay
The Index looks going sideways
to make up the leg 4,
The triangle 4 formation, could be
invalidated if price goes down150
points or more.
Current structure gives an upside
target of 7040.
Om Namah Shivay
Aus200 Index Forecast We see Aus200 sell come in upcoming events. We think Aus200 6850/6909 price touch and going down 6790~6769 price come. If Aus200 price broke (6790~6769) then it going down 6650~6599 price come.
Hope Our Idea Help You Trading.
AU200AUD UptrendShares in Wall Street rally on optimism over the resumption of economic activity in the United States.
AUXAUD triangle breakout or breakdownAUXAUD triangle breakout or breakdown
Follow Entry,Exit and SL as per tradesetup
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Frequently Asked Questions
S&P/ASX 200 Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy S&P/ASX 200 Index futures or funds or invest in its components.
The lowest ever quote of S&P/ASX 200 Index is 443.10 AUD. It was reached on Jul 8, 1982.
S&P/ASX 200 Index reached its highest quote on Apr 2, 2024 — 7910.50 AUD.