##{"id":50606,"date":"2016-10-04T10:28:13","date_gmt":"2016-10-03T23:28:13","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2016\/10\/04\/asx200-top-out-below-5600\/"},"modified":"2016-10-04T10:28:13","modified_gmt":"2016-10-03T23:28:13","slug":"asx200-top-out-below-5600","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2016\/10\/04\/asx200-top-out-below-5600\/","title":{"rendered":"ASX200: Top Out Below 5600"},"content":{"rendered":"

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

Top expected to form below 5600<\/strong><\/p>\n

Our view is based on the assumption that after forming five waves from 4700 to 5600 the ASX200 will trace out a three legged sideways correction.<\/p>\n

Given we are marking the descent from 5600 to 5150 as the wave ‘A’  we are expecting the current rally (wave ‘B’) to complete its move below 5600 over the next 5-10 days.<\/p>\n

If a top does form below 5600 we will be looking for another leg south towards 5050\/5100 over a period of 5-7 weeks. Trading above 5600 for more than 3 days negates our view.<\/p>\n

\n\"\"<\/p>\n

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 suggests the ASX200 will likely form a top below 5600 before trading lower once more.<\/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\/50606"}],"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=50606"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/50606\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=50606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=50606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=50606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}