NIFTY 50 ASX200 HANG SENG Technical Analysis Elliott Wave 17 January 2020
NIFTY 50 ASX200 HSI Technical Analysis Elliott Wave and TradingLevels
NIFTY 50
Overview: Today I take a look at the bigger picture using the Nifty Mid-Cap and we can clearly see that the Mid-Cap is just coming out of a long term correction Wave (4) and will continue to move higher through 2020, that means the Nifty 50 will also continue higher through 2020
Elliott Wave: Wave (v) higher
Trading Levels: Support on Minor Level 3 mTL3|12,300 this is also the top of Minor Group1 and important as it sets up the next target at 12,500
Trading Strategy: trade long on new highs
ASX200
Overview: Today I take a look at the bigger picture of the Elliott Wave Primary degree of structure and using this count we can see a bullish trend beyond 2020. I also take a look a CBA bigger picture Elliott wave count because we are currently long in this market
Elliott Wave: next level is 7,100 but the target is likely higher at 7200
Trading Levels: 7200 next critical level
ASX200 Trading Strategy: holding long, currency have positions just above 6900 with stop loss 7042
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.
ASX, ASX200, Nifty 50, Elliott Wave, technical analysis, ASX: XXJ, ASX200 Elliott Wave, ASX Elliott Wave, Nifty 50 Elliott Wave, Nifty Elliott Wave,
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About the Author
Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company. After learning Japanese analysis techniques, Peter moved to Sydney where he worked for various brokerage houses, furthering his practical knowledge of derivative markets.
Extending his passion overseas, Peter travelled to Britain where he studied both the UK and US markets. When Peter returned to Australia, he updated his qualifications and went on to write and deliver advanced trading workshops for global leaders in foreign exchange and derivative trading, including CMC Markets, City Index, Invast and others. As a well-seasoned trader, with an aptitude for investor education, Peter obtained the necessary licences to establish TradingLounge and offer education and trading support to traders and investors.