{"id":65182,"date":"2015-05-25T10:26:58","date_gmt":"2015-05-25T00:26:58","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2015\/05\/25\/5750-remains-critcal-for-asx200\/"},"modified":"2015-05-25T10:26:58","modified_gmt":"2015-05-25T00:26:58","slug":"5750-remains-critcal-for-asx200","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2015\/05\/25\/5750-remains-critcal-for-asx200\/","title":{"rendered":"5750 Remains Critcal For ASX200"},"content":{"rendered":"

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

5750 pivot level still holds key<\/strong><\/p>\n

Bullish case <\/strong>(top chart) \u2013 if the ASX200 (XJO) can hold above 5575 over the next few days and push back above 5750 the odds will turn in favour of a rally to 6000 plus over the next 2-3\u00a0weeks. The wave count in this case assumes that the correction\u00a0from 6000 to 5575 is complete given the three wave\u00a0count (abc). A buy signal will be triggered if the XJO trades above the top of “wave 1? at 5750 and would imply a five wave move to 6000.<\/p>\n

Bearish case<\/strong> (bottom chart) \u2013 assumes that the move lower from 6000 to 5575 has counted out five waves which indicates the downside move is taking hold. The implication is that after trading sideways between 5575 and 5750 the market will take another leg lower (c wave)\u00a0to 5350. This scenario is contingent upon the XJO\u00a0not trading above 5750 for more then 2 days. If the market trades for more than 3\u00a0days below 5650 the odds for a break lower will increase.
\n\u00a0<\/p>\n

\"\"<\/p>\n

\"\"<\/p>\n

\nAnother trading idea from<\/strong><\/p>\n

Fifth Wave |<\/strong> fwtc.com.au<\/strong><\/a>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/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

\u00a0AFSL 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’s near term direction is dependent on a recovery to 5750.<\/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\/65182"}],"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=65182"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/65182\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=65182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=65182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=65182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}