XAE (ASX)

XAE AUSTRALIAN

S&P/ASX 200 A-REIT EQUAL WEIGHT IND

SHORT

Close

1230

Prev.Close

1234

Change

-4.0000

Change%

-0.32%

BEARISH HARAMI

Sold at

1229.90

Open

1234

High

1239

Low

1224

Close

1230

0.00%

Signal History

Date	Price	Signal	Change%		AUD100⇨
07/06	1230	SHORT	0.0%		103
02/06	1233	BUY	-0.2%		104
31/05	1232	SELL	0.0%		104
29/05	1247	BUY	-1.2%		105
17/05	1253	SELL	-0.5%		106
05/05	1234	BUY	+1.6%		104
02/05	1224	SELL	+0.8%		104
01/05	1243	BUY	-1.6%		106
27/04	1225	SELL	+1.5%		107
24/04	1229	BUY	-0.4%		107
19/04	1216	SELL	+1.1%		107
12/04	1203	BUY	+1.0%		106
06/04	1198	SELL	+0.4%		107
03/04	1181	BUY	+1.4%		105
30/03	1171	SHORT	+0.8%		107
28/03	1178	BUY	-0.6%		108
17/03	1219	SHORT	-3.3%		105
15/03	1220	BUY	-0.1%		105
10/03	1252	SHORT	-2.5%		103
07/03	1267	BUY	-1.2%		105
01/03	1263	SHORT	+0.3%		106
23/02	1278	BUY	-1.2%		107
20/02	1302	SELL	-1.9%		107
14/02	1295	BUY	+0.6%		107
07/02	1343	SELL	-3.6%		107
24/01	1292	BUY	+3.9%		103
19/01	1284	SELL	+0.6%		104
05/01	1244	BUY	+3.3%		101
28/12	1260	SHORT	-1.3%		100
22/12	1262	BUY	-0.1%		100
19/12	1272	SHORT	-0.8%		100
12/12	1268	BUY	+0.4%		100

† Trade commissions are taken as 0.20%.

Pattern & Confirmation Chart for the Last 6 Months

Our system’s recommendation today is to SHORT. The BEARISH HARAMI pattern finally received a confirmation because the values crossed below the confirmation level which was at 1234, and our valid average selling value stands now at 1230. The previous BUY signal was issued on 02/06/2023, 5 days ago, when the index value was 1233. Since then XAE has fallen by -0.25%.

The bears have strong evidence and this evidence prompts us to make a bearish bet. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally confirmed and a SHORT signal is generated. Follow the signal and profit from the bearish enthusiasm before it is too late. SHORT is a dangerous signal. Sudden increases in prices can lead to huge losses. For this reason stop loss levels must be kept in mind at all times and SHORT orders must never be placed without a stop loss.

This pattern consists of a white body and a small black body that is completely inside the range of the white body. If an outline is drawn for the pattern, it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “pregnant”. The white candlestick is “the mother” and the small candlestick is “the baby”. more...

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