{"id":65212,"date":"2015-06-01T10:00:42","date_gmt":"2015-06-01T00:00:42","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2015\/06\/01\/asx200-back-at-pivot-point\/"},"modified":"2015-06-01T10:00:42","modified_gmt":"2015-06-01T00:00:42","slug":"asx200-back-at-pivot-point","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2015\/06\/01\/asx200-back-at-pivot-point\/","title":{"rendered":"ASX200 Back At Pivot Point"},"content":{"rendered":"<p>By Nick Linton-Ffrost<\/p>\n<p><strong>Index Remains Poised<\/strong><\/p>\n<p style=\"text-align:justify\"><strong>Upside\u00a0<\/strong>(top chart) \u2013 trading above\u00a05750 over the next 2\u00a0days implies a move\u00a0to 5900 then 6000.\u00a0The assumption is\u00a0that the correction lower from 6000 to 5575 is now complete\u00a0given the three wave\u00a0count (abc).\u00a0A buy signal will be triggered if the ASX200 (XJO) trades for more than 2 days above the top of &#8220;wave 1? at 5750 and imply a five wave move to 6000.<\/p>\n<p style=\"text-align:justify\"><strong>Downside<\/strong>\u00a0(bottom chart) \u2013 assumes that the move lower from 6000 to 5575 \u00a0(wave A) has counted out five waves which indicates the downside move is taking hold. The implication is that after trading sideways between 5575 and 5800 the market will take another leg lower (C\u00a0wave)\u00a0to 5350.\u00a0In this case the sell trigger occurs if the market remains under\u00a05800 and then trades below 5725 for more than 2 days.<br \/>\n\u00a0<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/ffxjo37(1).jpg\" style=\"height:311px;width:620px\" \/><br \/>\n\u00a0<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/ffxjo37_1.jpg\" style=\"height:310px;width:620px\" \/><br \/>\n\u00a0<\/p>\n<p><strong>Another trading idea from<\/strong><\/p>\n<p><strong>Fifth Wave |<\/strong> <a href=\"http:\/\/fwtc.com.au\/\"><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<p><strong>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>.<\/strong><\/p>\n<p><strong>\u00a0AFSL 319830 |<\/strong> <a href=\"http:\/\/fwtc.com.au\/disclaimer\/\"><strong>Disclaimer<\/strong><\/a><\/p>\n<p><em>Reprinted with permission of the publisher.<\/em> <em>Content included in this article is not by association the view of FNArena (see our <a href=\"http:\/\/www.fnarena.com\/index2.cfm?type=dsp_webht\">disclaimer<\/a>).<\/em><\/p>\n<p><em><strong>Technical limitations <\/strong><\/em><\/p>\n<p><em><strong>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<p><em>Find out why FNArena subscribers like the service so much: &#8220;<a href=\"http:\/\/www.fnarena.com\/index4.cfm?type=dsp_newsitem&amp;n=29EB960D-9DFF-C00E-7F6B464E5D52E250\">Your Feedback (Thank You)<\/a>&#8221; &#8211; Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nick Linton-Ffrost of Fifth Wave suggests having reclaimed 5750, the ASX200 is again poised at the pivot point of upside and downside.<\/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\/65212"}],"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=65212"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/65212\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=65212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=65212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=65212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}