ASX200 Nifty 50 Technical Analysis Elliott Wave 29 March 2019
ASX200 & Nifty 50 Technical Analysis Elliott Wave and Trading Levels
ASX200 Australia
ASX200 Elliott Wave: Wave v of (i) or (c) to 6220
TradingLevels: 6200 in Trading Levels terms is 62% (61.8%) so the 6200 as support or resistance is the catalyst for the next direction, this will take a good few sessions to unfold.
Trading Strategy: Allow the impulse wave up from 6100 to 6200 - 6220 zone to complete, the wait for the corrective phase the abc correction and if the 6200 becomes support after that, then trade long.
NIFTY 50 India
Elliott Wave:Wave (iv) unfolding across 11,500 Wave (v) can move to 11800
TradingLevels: The 11500 as support or resistance should influence the trading direction
Trading Strategy: The market is trading above 11500 but it hasn't retested it as the support, this needs to occur to confirm the direction.
Peter Mathers tradinglounge.com
Enjoy a 2O Day Trial here https://tradinglounge.com "If you are viewing this outside of our website then this is a delayed report.
TradingLounge website: https://tradinglounge.com
Social Media
YouTube https://www.youtube.com/TradingLounge...
LinkedIn https://au.linkedin.com/in/petermathers
New LinkedIn Group TradingLounge https://www.linkedin.com/groups/4198278
Facebook https://www.facebook.com/tradinglounge/
Education
CFD Trading and Elliott Wave Education Links Elliott Wave Basics https://tradinglounge.com/elliott-wave
Trading Levels Analysis https://tradinglounge.com/trading-levels
TradingLounge Services cover;
Indices Elliott Wave
Forex Elliott Wave
Gold and oil Elliott Wave
Stock CFD Trading Signals for the US and Australia
Plus; helping you personally with analysis and your own trades
