ASX200 CBA IRON ORE NIFTY 50 Technical Analysis Elliott Wave 20 March 2019
ASX200 CBA IRON ORE NIFTY 50 Technical Analysis Elliott Wave
Australia: finance is bearish and resources are bullish, with the Commonwealth Bank (CBA) completing it's Elliott Wave 4 corrective rally and now heading lower, giving the resources a chance to move higher as we can see with Elliott Wave Iron Ore chart today.
ASX200 Elliott Wave: Wave b) completed at 6226 and Wave c) moving lower, that said, the 6200 must becomes the retested resistance to help confirm the direction and below 6172 will confirm the down trend
ASX200 TradingLevels: The Minor Level 6200 is viewed as the 61.8 so its a very important Trading Level and this level as support or resistance will give you the next trend direction. that said we refine the Minor Level 6200 with the levels of one degree smaller the Sub Level of Sub Group 1 and 2 See video for details
Trading Strategy: Long on support of 6230 and short 6172
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Markets covered in this video:
Elliott Wave Analysis Asian Indices CFD Day Trading
S&P/ASX 200 SPI Futures ASX: XJO News
NSE: NIFTY 50
This video uses Contracts for Difference (CFDs)
known as CFD Trading indices or Index trading.Technical Analysis Elliott wave, Trading Levels and CFD Day Trading.
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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