ASX 200 Nifty 50 XJO BHP Elliott Wave
The Australian financial sector that dominates the ASX 200 is on the weaker side whereas the materials / resources are on the stronger side.
The ASX200 is also at a Fibonacci resistance zone and so we are seeing weakness in the trend at 5900. If the 5900 becomes the support then new highs can be made.
Being long in gold stocks, BHP and RIO etc and short in the banks appears to be the leading trades.
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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
ASX: XXJ
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, XJO, China A50, HSI, NI225, N225, NIFTY50, Elliott Wave, technical analysis, ASX: XXJ
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