NIFTY 50 ASX200 HANG SENG Technical Analysis Elliott Wave 24 January 2020
NIFTY 50 ASX200 HANG SENG Technical Analysis Elliott Wave 24 January 2020
ASX200
Overview: Only bullish if 7130 develops as support
Elliott Wave: The current intraday rally from 7060 needs to develop into an impulse wave, so far it can be counted as an abc, this is why a solid support on 7130 would change the abc corrective structure to an impulse wave
NIFTY 50
Overview: Looking for a rally around the 12,250 and are currently trading long to that price point.
Elliott Wave: I'm still working the main Elliott wave structure out, but the current move up can be a corrective rally an abc as Wave (ii) so the 12,250 zone is where to the market can fail and move lower swiftly. Support on 12,300 would have the main bullish trend back on track.
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.