{"id":14549,"date":"2016-11-23T21:47:31","date_gmt":"2016-11-24T02:47:31","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=14549"},"modified":"2016-11-23T21:47:31","modified_gmt":"2016-11-24T02:47:31","slug":"asx-200-threatens-a-bear-trap","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2016\/11\/23\/asx-200-threatens-a-bear-trap\/","title":{"rendered":"ASX 200 threatens a bear trap"},"content":{"rendered":"

The ASX 200 broke through short-term resistance, a bullish sign, and is testing long-term resistance at 5500. In terms of classic Dow Theory, the primary down-trend is intact until there is a breakout above 5500. Today’s small doji candle indicates hesitancy but bullish divergence on 21-day Twiggs Money Flow signals medium-term buying pressure. Breakout above 5500 would also complete a bear trap, where breach of support is quickly reversed and followed by breakout to a new high. This is a powerful bull signal and would offer a target of 5800* for the primary advance.<\/p>\n

\"ASX<\/p>\n

* Target medium-term: 5500 + ( 5500 – 5200 ) = 5800<\/p>\n","protected":false},"excerpt":{"rendered":"

The ASX 200 broke through short-term resistance, a bullish sign, and is testing long-term resistance at 5500. In terms of classic Dow Theory, the primary down-trend is intact until there is a breakout above 5500. Today’s small doji candle indicates hesitancy but bullish divergence on 21-day Twiggs Money Flow signals medium-term buying pressure. Breakout above … <\/p>\n

Continue reading “ASX 200 threatens a bear trap”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,57],"tags":[251],"class_list":["post-14549","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-stock-markets","tag-asx-200"],"yoast_head":"\nASX 200 threatens a bear trap - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASX 200 threatens a bear trap - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The ASX 200 broke through short-term resistance, a bullish sign, and is testing long-term resistance at 5500. 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Rising Money Flow indicates selling pressure has ended. Breakout above 5500 would complete a bear trap, indicating a primary advance to 5800*. ASX 300 Banks Index followed through above 8000 after a brief retracement respected the new support level. Target for the\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14611,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/12\/03\/asx-rally-falters\/","url_meta":{"origin":14549,"position":1},"title":"ASX rally falters","author":"ColinTwiggs","date":"December 3, 2016","format":false,"excerpt":"The ASX 200 rally stalled at 5500. Declining 21-day Twiggs Money Flow indicates rising selling pressure. Breakout above 5500 would complete a bear trap, indicating a primary advance to 5800*. But reversal below 5400 would signal another test of primary support at 5150.","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9717,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/04\/23\/asx-200-breakout\/","url_meta":{"origin":14549,"position":2},"title":"ASX 200 breakout","author":"ColinTwiggs","date":"April 23, 2014","format":false,"excerpt":"The ASX 200 broke resistance at 5500, signaling a primary advance to 5800*. A 13-week Twiggs Money Flow trough above zero indicates buying pressure. Reversal below 5450 is unlikely, but would warn of a correction. * Target calculation: 5400 + ( 5400 - 5000 ) = 5800","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ASX 200","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-04-24-xjo.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-04-24-xjo.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-04-24-xjo.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":10374,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/07\/21\/asx-200-suggests-breakout\/","url_meta":{"origin":14549,"position":3},"title":"ASX 200 suggests breakout","author":"ColinTwiggs","date":"July 21, 2014","format":false,"excerpt":"The ASX 200 again tested resistance at 5550\/5560 this morning, as shown on the hourly chart below. The index retreated, but not far, and another attempt is likely provided international markets behave overnight. Breakout above 5560 would suggest a long-term advance to 5800*. Reversal below 5520 is unlikely, but a\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ASX 200","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-07-21-xjo.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-07-21-xjo.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-07-21-xjo.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":28131,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/10\/04\/asx-tests-support-as-headwinds-rise\/","url_meta":{"origin":14549,"position":4},"title":"ASX tests support as headwinds rise","author":"Colin Twiggs","date":"October 4, 2021","format":false,"excerpt":"The ASX 200 is testing the band of support between 7000 and 7200. Declining Trend Index, above zero, suggests secondary selling pressure. Respect of 7000 would confirm that the primary up-trend is intact. COVID-19 COVID-19 headwinds continue, with weekly cases close to their 12,000 peak. The vaccination rate is rising\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26739,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/07\/10\/asx-correction-alert\/","url_meta":{"origin":14549,"position":5},"title":"ASX correction alert","author":"Colin Twiggs","date":"July 10, 2021","format":false,"excerpt":"The ASX 200 continues to test support at 7200; breach would warn of a correction. Follow-through below 7000 would offer a target of 6500. Trend Index troughs above zero indicate long-term buying pressure but there are two major headwinds on the radar. First, is China's credit contraction, increasing the risk\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/14549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=14549"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/14549\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=14549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=14549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=14549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}