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EW Counts - Australia Stocks


5/20/2020

Ansell Limited (ANN - Sydney) - ABC wave pattern
Ansell Limited (ANN - Sydney) is in ABC wave pattern from major bottom and then shown a V shape rally from that point. Currently price is within 3rd of wave C as indicated in chart. XJO index itself is in C wave up, which drives it even easily up towards C wave.


5/14/2020

Sydney Airport Holdings Ltd (SYD - Sydney) - Updated EW wave count  
Sydney Airport Holdings Ltd (SYD - Sydney) is in ABC correction of Y wave. Wave 2 is about to end soon and then wave 3 will start for C wave down.


James Hardie Industries PLC (JHX - Sydney) - Updated EW wave count
James Hardie Industries PLC (JHX - Sydney) is in 3rd of 3rd wave down of C wave of ABX zigzag pattern.


Fortescue Metals Group Ltd (FMG - Sydney) - Updated EW count
Fortescue Metals Group Ltd (FMG - Sydney) is in 3rd wave of C of w internal wave as shown in chart. Here ABC wave is in irregular flat correction, so that wave C should be progressing faster down. 


5/13/2020

Commonwealth Bank of Australia (CBA - Sydney) - Updated EW count
Commonwealth Bank of Australia (CBA - Sydney) is expected to breaking the territory of triangle of wave B to move in wave C now. The invalidation level (red line) should be given honor If it goes down for new low. Let’s see what will happened next tomorrow.


5/12/2020


Sonic Healthcare Ltd (SHL - Sydney) - Updated EW wave count
Sonic Healthcare Ltd (SHL - Sydney) is in Y wave down.


James Hardie Industries PLC (JHX - Sydney) - Updated EW wave count
James Hardie Industries PLC (JHX - Sydney) is in 3rd wave down of C wave.  


Sydney Airport Holdings Ltd (SYD - Sydney) - Updated EW wave count  
Sydney Airport Holdings Ltd (SYD - Sydney) is in ABC correction of Y wave. If wave A can be ending diagonal then C wave will go much down. 


Commonwealth Bank of Australia (CBA - Sydney) - Updated EW count
Commonwealth Bank of Australia (CBA - Sydney) is moving down in 3rd wave of C wave down as shown in chart. After triangle broken it should fall much faster.


5/6/2020

James Hardie Industries PLC (JHX - Sydney) ABC zigzag wave pattern
James Hardie Industries PLC (JHX - Sydney) is moving down in ABC zigzag pattern, where B wave was complex wave. Wave C is started going down with relative higher volume and will form five wave sequence down. It is already completed 2nd wave and going down as 3rd wave with gap on chart.

Sonic Healthcare Ltd (SHL - Sydney) - WXY wave pattern
Sonic Healthcare Ltd (SHL - Sydney) is moving down in WXY complex pattern, where W and X wave was completed. Wave Y down started with relative high volume as wave 1 of wave A. Price moving in bearish outlook with invalidation points of X wave extreme.


5/5/2020

Fortescue Metals Group Ltd (FMG - Sydney) - WXY wave pattern  
Fortescue Metals Group Ltd (FMG - Sydney) is moving down in WXY complex correction cycle from major top. It has completed X complex wave in triple three correction. Y wave is already started moving down, which will further progress in wxy wave. A sharp drop indicates A wave drop of w internal wave. Wait for B wave pull back to get into trade for C down. 



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