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10/06/21 10:53
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By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, 9 June 23, Ripple/U.S.dollar(XRPUSD) XRPUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave 5 Direction Next higher Degrees: wave (1) of Motive Details: Wave 5 is usually equal to .618 multiplied Length of wave 1 through wave 3 Wave Cancel invalid level: 0.41001 Ripple/U.S.dollar(XRPUSD)Trading Strategy: Ripple is still in an uptrend. But it was in a phase of correction in wave 4 before rising again in wave 5, in line with price being above the MA200 line, showing a strong uptrend. But even so, we need more information to identify wave 4 patterns to determine readiness for rising wave 5, wait for wave 4 to finish. Ripple/U.S.dollar(XRPUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator has a Bullish momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 9 June 23, Ripple/U.S.dollar(XRPUSD) XRPUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave 5 Direction Next higher Degrees: wave (1) of Motive Details: Wave 5 is usually equal to .618 multiplied Length of wave 1 through wave 3 Wave Cancel invalid level: 0.41001 Ripple/U.S.dollar(XRPUSD)Trading Strategy: Ripple is still in an uptrend. But it was in a phase of correction in wave 4 before rising again in wave 5, in line with price being above the MA200 line, showing a strong uptrend. But even so, we need more information to identify wave 4 patterns to determine readiness for rising wave 5, wait for wave 4 to finish. Ripple/U.S.dollar(XRPUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator has a Bullish momentum. -
This is a great answer... Oddly, this is the process i went through and "Trailing" wasn't an option. After looking again, it is now there and working. Thank you. -
Charting the Markets: 08 June Brent crude oil, silver and copper capped by resistance in low volatile trading. EUR/USD range bound while USD/CAD and AUD/CAD remain bearish post BoC rate hike. And levels to watch. Shaun Murison | Senior Market Analyst, Johannesburg | Publication date: Thursday 08 June 2023 This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
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Question
AMNS
Hello,
Apologies for the simplistic question - I'm new at this. The minimum contract size in futures are a bit large for me so I want to focus on smaller cash instruments.
I was wondering if someone could explain:
1. How cash instruments trade throughout the day but exchange trading hours are much shorter. E.g Nasdaq 100 (US Tech 100) pre-hours and after-hours still mean there's no trading between 8pm-4am US Eastern Time. Does this instrument's (US Tech 100 cash) price match with the NDX e.g are closing prices the same?
2. A question about the Volatility Index (VIX). How is this tradeable as a cash instrument when as far as I know its only traded as a future? Again, does this instruments trading price match with the VIX traded on CBOE?
Many thanks
AMNS
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