##{"id":50637,"date":"2016-10-10T10:29:27","date_gmt":"2016-10-09T23:29:27","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2016\/10\/10\/asx200-medium-term-high-ahead\/"},"modified":"2016-10-10T10:29:27","modified_gmt":"2016-10-09T23:29:27","slug":"asx200-medium-term-high-ahead","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2016\/10\/10\/asx200-medium-term-high-ahead\/","title":{"rendered":"ASX200: Medium Term High Ahead"},"content":{"rendered":"

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

Medium term high expected to form below 5600 over the next week<\/strong><\/p>\n

Our view remains unchanged from last week and is based on the assumption that after forming five waves from 4700 to 5600 the ASX200 (XJO) 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 week.<\/p>\n

If a top does form below 5600 we will be looking for another leg south towards 5100 over a period of 5-7 weeks.<\/p>\n

Trading above 5600 for more than 2 days negates our view and if the XJO holds above 5450\/5500 for over 5 days we will raise our downside target to 5250.<\/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 continues to see a pullback after a high is formed below 5600.<\/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\/50637"}],"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=50637"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/50637\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=50637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=50637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=50637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}