Automatic wave scan: as of 21 Oct 2026, the automatic daily count for ASX 200 is Wave 4 bounce in a downtrend with a bearish bias. The count stays valid while price holds 9,020.
Current ASX 200 wave count
Automatic wave scan Updated daily from the latest daily close (21 Oct 2026). Computer generated from swing highs and lows, not reviewed by an analyst.
Automatic scan: price is in wave 4, a pause of a five wave decline that began at 9,297 on 6 Aug 2026. Next levels to watch are 8,845 and 8,883. The count fails on a daily close above 9,020.
Key levels
| Type | Levels |
|---|---|
| Resistance | 9 · 221 · 9 · 020 |
| Support | 8 · 613 · 8 · 741 |
| Invalidation | 9,020 |
What is ASX 200?
The S&P/ASX 200 was launched in April 2000 and is run by S&P Dow Jones Indices. Financial and materials companies, including the big four banks and major miners, have the largest weights.
Because of its mining weight, the index often reacts to iron ore prices and Chinese demand.
What moves the ASX 200 price?
- Iron ore and metals: Mining giants respond to commodity prices.
- Big four banks: Bank shares drive much of the index.
- RBA policy: Rate decisions affect banks and housing.
- China demand: China is Australia's largest trading partner.
- Global risk: The index follows US markets overnight.
How ASX 200 moves in Elliott Wave terms
The ASX 200 often trends more slowly than US indices, with shallower corrections. Its waves are influenced by both bank and mining cycles, which can pull in different directions.
Compare with copper and AUD/USD for confirmation.
Tips for counting ASX 200 waves
Watch iron ore prices and RBA decisions.
ASX 200 key facts
ASX 200 Elliott Wave FAQ
What sectors lead the ASX 200?
Financials and materials, mainly the big four banks and major miners.
How does China affect the ASX 200?
China buys much of Australia's iron ore and other resources, so its demand affects mining shares.
Who runs the ASX 200?
S&P Dow Jones Indices, in partnership with the Australian Securities Exchange.
Sources and further reading
- S&P/ASX 200 (S&P Dow Jones Indices)
- S&P/ASX 200 (Wikipedia)
- Cash rate target (Reserve Bank of Australia)
Educational content only. Nothing on this page is financial advice or a recommendation to buy or sell. Trading involves risk and you can lose money. Elliott Wave counts are probabilities, not certainties. Read our full disclaimer and affiliate disclosure.
