The Pattern Pulse – 24 April 2025
- Daily Analysis, Daily Report, Recent Posts, Technical Analysis, Trading E-Books, Trading Knowledge, Trending Now
- April 24, 2025
Trading Skills: How to Predict and Calculate the Next Candlestick.
The Japanese have been using candlestick charts many years before the western world created bar charts of any sort. Today, these candlestick patterns have become a crucial tool for traders to predict potential price movements of various assets. In fact, the most popular advanced trading platforms include these charts in their list of essential technical analysis tools.
READ MOREAustralian 200 index – Weekly
The WEEKLY chart of the XJO remains in a Primary UPTREND. With the week closing at 7017 points, this level remains vulnerable to a further breakdown. Further weakness would look for 6893 as Major support to be tested. The current small range weekly bars indicate a lack of sellers, however this will change.
Australian 200 index – Weekly
The WEEKLY chart of the XJO remains in a Primary UPTREND. A short range week showing a loss of upward momentum. Traders would look for the 7000 level to hold. A further break down would target 6893 as a retest of the initial breakout from the ascending pattern.
Australian 200 index – Weekly
The WEEKLY chart of the XJO remains in a Primary UPTREND. With a solid breakout and follow through, 7300 remains as the extension target. Long periods of consolidation often lead to extended price breakouts, look for the Financials to continue to lift the Index higher. RSI remains over the key 50 level and turning higher, confirmation of increasing price momentum.
Australian 200 index – Weekly
The WEEKLY chart of the XJO remains in a Primary UPTREND. Current weekly chart displays a solid breakout from the ascending pattern, a further price extension to 7300 is achievable. Financials remain the driver for further Index gain.
Australian 200 index – Weekly The WEEKLY chart of the XJO remains in a Primary UPTREND. The ascending pattern continues to consolidate Below the 6893 closing high from November. Last weeks OP is a bearish signal. The support level of 6630 remains to be tested in the coming weeks.
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 64 points. Oracle plans to hire roughly 2,000 employees globally as it ramps up its cloud computing offerings. The new leaders of the International Monetary Fund and World Bank warned in twin speeches
READ MORE