Wager on ASX200

5621 that's an interesting entry level mine 5630 same target
Can lend more info on the formation of your decision to swing long ?
I will add after your reply
 
I am getting in early on this one as pattern that I normally trade hasn't formed yet. Reaction to recent support, which is being around 50% from low to current highs, histogram confirming strengthening of price action, other world indexes rallying, overall trend remains up, hence IMO retracement to be bought.
 
Yes reaction to recent support 5573 area, agree trading range will give a measured move to 5800 hopefully.
ASX200 seems to be lagging rest of the world but metal commods reason for that.
 
No to happy to see the retrace from 5695, if it cuts through 5645 I'll be scratching longs. ASX200.png
 
Very uncanny, that is 100% my favorite pattern also, has made allot of money in the past.
One thing that can make it double powerful is when the weekly is in the same pattern.
Right now weekly is in the opposite which conflicts with a one way bet for me.
But interesting to see someone else with that pattern as their favorite.
 
The last time this signal occurred on the ASX200 both time frames was Dec 17 2014, (Weekly and Daily) worth waiting for.
 
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ASX200 5800 HIT
Hopefully you were able to stick it out, well done if you did let us know what happened
 
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