ASX200 keeps rocking the city
XJO aka ASX200 keeps going high but what will be the potential targets before a pull-back? Can we expect a straight V-shape recovery with no looking back? Lets dive into the TA and analyze.
It seems ASX200 bounce from the 200Monthly MA last month has triggered a market recovery chain of events. But can we trust that? To me the real recovery would be confirmed if we close a weekly candle above 5800. Bulls can be happy that 0.382 fib milestone is reached, we have the price above LSMA line, the velocity is looking upwards
, but from the market structure point of view 5.8k needs to be taken, then 50MA and finally 0.618fib.
Keep an eye on this chart as a guide to whether you can invest in individual stocks. I will update you if anything changes.
Be safe.
XTF
It seems ASX200 bounce from the 200Monthly MA last month has triggered a market recovery chain of events. But can we trust that? To me the real recovery would be confirmed if we close a weekly candle above 5800. Bulls can be happy that 0.382 fib milestone is reached, we have the price above LSMA line, the velocity is looking upwards
, but from the market structure point of view 5.8k needs to be taken, then 50MA and finally 0.618fib.
Keep an eye on this chart as a guide to whether you can invest in individual stocks. I will update you if anything changes.
Be safe.
XTF
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.