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ASX 200 XJO Elliott Wave Analysis 18 June 2018

ASX 200 XJO Elliott Wave Analysis 18 June 2018

ASX 200 XJO Elliott Wave Analysis 18 June 2018

Elliott Wave Count S&P/ASX200 (XJO) CFD Trading

I am looking at the 6100 as the resistance and also the ending of the corrective rally Wave (v of (c) of b) and of course a move lower through 6080 (SG2 trading levels) would help confirm this and also play out as the trigger for a short trade.

If the market moves lower, then the 6050 is the support which is the 61.8% retracement level. It doesn't mean the market will turn there, but will display a bounce of support. On the long side we will only turn long if the 6100 becomes the tested support and this will take two sessions.

Education: Elliott Wave Structures
Elliott degrees in order: Grand Super cycle wave, Super cycle wave, Cycle wave, Primary wave, Intermediate wave, Minor wave, Minute wave, Minuette wave and Subminuette wave.


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