##{"id":49587,"date":"2016-03-29T10:28:02","date_gmt":"2016-03-28T23:28:02","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2016\/03\/29\/asx200-5400-still-in-play\/"},"modified":"2016-03-29T10:28:02","modified_gmt":"2016-03-28T23:28:02","slug":"asx200-5400-still-in-play","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2016\/03\/29\/asx200-5400-still-in-play\/","title":{"rendered":"ASX200: 5400 Still In Play"},"content":{"rendered":"

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

Our 5400 target remains in play while support around 5050 holds<\/strong><\/p>\n

We suspect the ASX200 will trade between 5050 and 5225 over the next 3-5 days before heading towards 5400. From there we will be looking for a 2-3 week pull back to 5100 before another leg higher towards 5700-5800 over a period of two months.<\/p>\n

Our view is based on the following assumptions –<\/p>\n

\n
completion of five major waves down from 6000 implies a bounce to the top of wave (4) around 5400<\/li>\n
the rally from 4700 to 5225 has traced out three minor waves within a suspected five wave rally to 5400 to complete (A)<\/li>\n
once five waves are complete within (A) we will be looking for pull back towards 5100 to complete (B)<\/li>\n
from there (C) carries to 5700-5800 which is the 12 month trend line break target range (i.e height of the channel added to 5225 break point).<\/li>\n<\/ul>\n
Our view will negated after 2-3 days trading below 5000. Such a move would imply a dip to 4800.<\/p>\n
\n $\"\"$ <\/p>\n
\nAnother 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 is maintaining a 5400 target for the ASX200 as long as 5050 holds.<\/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\/49587"}],"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=49587"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/49587\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=49587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=49587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=49587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}