##{"id":49687,"date":"2016-04-11T10:33:19","date_gmt":"2016-04-11T00:33:19","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2016\/04\/11\/asx200-medium-term-low-ahead\/"},"modified":"2016-04-11T10:33:19","modified_gmt":"2016-04-11T00:33:19","slug":"asx200-medium-term-low-ahead","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2016\/04\/11\/asx200-medium-term-low-ahead\/","title":{"rendered":"ASX200: Medium Term Low Ahead"},"content":{"rendered":"

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

Medium term low expected between 4820 and 4900 before heading north to 5400 <\/strong><\/p>\n

We suspect the ASX200 has or is close to completing a (B) wave lower from 5225. The implication is for a (C) wave rally towards 5400 over the next 2 months. View based on the following –<\/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 corrective rally should trace out a three legged structure (A.B.C)<\/li>\n
rally from 4700 to 5225 is wave (A) after tracing out five minor waves<\/li>\n
descent from 5225 is wave (B) which should complete between 4830 – 4900<\/li>\n
the 4830 – 4900 is the target range is derived from the break below the line around 5080<\/li>\n
(C) carries to 5350 – 5400 where (C) approximates (A)<\/li>\n<\/ul>\n
Two ways to trade our view –<\/p>\n
\n
Open longs with a break above 5000 placing stops below 4925<\/li>\n
Look for buy signals between 4820-4850 over the next week<\/li>\n<\/ol>\n
Trading below 4825 for 2-3 days negates our view and should set up a descent to 4700.<\/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 suggests the ASX200 could form a low under 4900 before being back on target for 5400.<\/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\/49687"}],"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=49687"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/49687\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=49687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=49687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=49687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}