##{"id":49329,"date":"2016-02-08T10:31:14","date_gmt":"2016-02-07T23:31:14","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2016\/02\/08\/asx200-levels-to-watch\/"},"modified":"2016-02-08T10:31:14","modified_gmt":"2016-02-07T23:31:14","slug":"asx200-levels-to-watch","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2016\/02\/08\/asx200-levels-to-watch\/","title":{"rendered":"ASX200: Levels To Watch"},"content":{"rendered":"

By Nick Linton-Ffrost<\/p>\n

ASX200 levels to watch over the next 3-5 days<\/strong><\/p>\n

Upside<\/strong><\/p>\n

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Assumes five count down from 6000 to 4750 where wave ‘5’ = timing and length of wave ‘1’ (top chart)<\/li>\n
implies a medium term low is in place 4750 based on 5th completion. Bounce targets at 5400 and 5700<\/li>\n
5400 is top of 4th (i.e. 5th completion rule) and 5700 is the trend line break target (line not drawn on chart)<\/li>\n
trading above 5000 indicates a higher low at 4820 (wave 2) has formed and a move above 5000 triggers a buy<\/li>\n
contingent of XJO holding above 4800 and trading above 5000 within the next 2-3 days<\/li>\n<\/ul>\n
Downside<\/strong><\/p>\n
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6000 to 4750 is an ‘A’ wave in a larger downside move between 4750 and 5400 (bottom chart) where wave ‘B’ is the 4 mth range<\/li>\n
4200 target is where A=C and the 4300 target is height of 4 mth pattern subtracted from 4570 break point<\/li>\n
trading between 4850 and 4925 for more than 3 days increases downside risk while trading below 4750 triggers a sell signal<\/li>\n<\/ul>\n
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Another trading idea from<\/strong><\/p>\n
Fifth Wave |<\/strong> fwtc.com.au<\/strong><\/a> <\/p>\n
FW generates over 150 Trading Alerts on the ASX100 each year. We are a subscription service specialising in short term technical strategies based on 27 years experience<\/strong>.<\/strong><\/p>\n
AFSL 319830 |<\/strong> Disclaimer<\/strong><\/a><\/p>\n
Reprinted with permission of the publisher.<\/em> Content included in this article is not by association the view of FNArena (see our disclaimer<\/a>).<\/em><\/p>\n
Technical limitations <\/strong><\/em><\/p>\n
If you are reading this story through a third party distribution channel and you cannot see charts included, we apologise, but technical limitations are to blame.<\/strong><\/em><\/p>\n
Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Nick Linton-Ffrost of Fifth Wave outlines the technical levels which may come into play for the ASX200 over the next week.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/49329"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=49329"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/49329\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=49329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=49329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=49329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}