We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrichthe conversation
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically.
Use standard writing style. Include punctuation and upper and lower cases.
NOTE: Spam and/or promotional messages and links within a comment will be removed
Avoid profanity, slander or personal attacks directed at an author or another user.
Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
As per my post on the ASX200 yesterday, my daily dynamic cycles suggested we have entered a multi week stalling pattern so I expect market to continue sideways for at least another week. The pattern of the trend has shown 3 wave structure patterns in the last 2 up/down legs most likely forming into a flat or contracting triangle formation. Both these possible patterns imply ultimately further downside ahead. The Dynamic Cycle monthly analysis remains bearish))..https://invst.ly/45wcy
yes on my minor timing cycle on the hours the square of 90 cam at 5 pm last..So I took a long position from it.. Then added to it from the ascending wedge on the min 5 chart today..I have just closed out my remaining long positions as today price has hit my 45 timing cycle on the 1 hour ..That will do me for today.... . Oh JM, Maria over on the Dax forum was she referring to me on your post, I,e Dow timing cycles..As she related to me as a women lol..
Hi Ganntrader. I am stepping aside from trading ASX200 in the short term. Short term I find hard and instead I am suited more to medium to long term. I am expecting some sideways chop here in the next week ( although I prefer it to just keep falling!!) and as such see it is too much effort for too little gain in so far as my approach goes)). . I saw the post from Maria but was not sure to whom she was replying))
Yeah looking like a doji or spinning top day candlestick wise.. Meaning indecision on market direction.. All you can do is scalp trade with the range on the smaller time frames like 30min down to 2min chart
Please wait a minute before you try to comment again.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add Chart to Comment
Disclaimer:Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
