After 5,500 comes we have 5,570, 5667,5775, and ultimately 6,010.
There is a lot of room to move upward over the coming week or weeks.
Lotto
Sunday, October 25, 2015
ASX XJO - Daily Setup for the Week 26/10/2015
The Australian Index ( ASX) XJO is in a very strong bullish pattern. Started with the trendline break at 5,126 and then moved in consolidation holding pattern. Fridays strong breakout bar has signal a buy on everyone's charts. Monday should see a strong day up to 5,500 area.
After 5,500 comes we have 5,570, 5667,5775, and ultimately 6,010.
There is a lot of room to move upward over the coming week or weeks.
After 5,500 comes we have 5,570, 5667,5775, and ultimately 6,010.
There is a lot of room to move upward over the coming week or weeks.
DAX to the MAX
After the Dow 's big move on Thursday (319 points) I knew that the chances of further bullish momentum would be high.
So I set the following DAX trade with a tight stop of 10 points and a very large price target of 117 points.
The concept for the trade was simply a breakout of the last two highs and a move to the blue hour price target. The blue lines are my own propriety system.
News regarding China drop in interest rates lit the fuse and the DAX went nuts over three hours and hit our target. :>
This was a great end to a tough trading week as the beginning of the week the market went sideways without any direction.
So I set the following DAX trade with a tight stop of 10 points and a very large price target of 117 points.
The concept for the trade was simply a breakout of the last two highs and a move to the blue hour price target. The blue lines are my own propriety system.
News regarding China drop in interest rates lit the fuse and the DAX went nuts over three hours and hit our target. :>
This was a great end to a tough trading week as the beginning of the week the market went sideways without any direction.
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