ASX 200 - Pre Market Thoughts​

Summary: Selloff from the purple line around 7475 down to 7451 area.

Certainty: Moderate certainty if the level is reached, however market could continue higher. 

Chart: 5 min AUS200 for today. 

Notes: Friday is often a good day to sell when the market is positioned for sell setups like this one.

2021-11-05 ASX200 Analysis Today

Looking to learn how to read the charts and understand the functions of the market? Courses and training are available, head over to the people that trained me, this is their website. Training is highly important as you will always have a better understanding of the market but also be able to decipher other peoples insights to see if they could be of value or not.  

Results Below

2021-11-05 ASX200 Result Today

About 9 or 10 points of risk max, before the market went down by over 25 points. The probability on the trade was reasonable making it worthwhile to hold a 15 to 20 point stop. Please disregard the horizontal lines in the results as they are from a future date (going back to post results so data has changed for current trading). 

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