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By tradinglounge · Posted
S&P 500 Elliott Wave Analysis Trading Lounge Day Chart, S&P 500 Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Orange Wave 3 POSITION: Navy Blue Wave 3 DIRECTION NEXT LOWER DEGREES: Orange Wave 4 DETAILS: Orange wave 2 appears completed, with orange wave 3 now active. Wave Cancel Invalidation Level: 5,385.80 The S&P 500 Elliott Wave Analysis for the daily chart reveals that the market is currently in a strong trend phase, progressing impulsively. The active structure under analysis is orange wave 3, indicating an upward movement aligned with the larger trend. The wave is positioned within navy blue wave 3, which further confirms the ongoing impulsive movement within the broader wave structure. Orange wave 2 is considered complete, signifying the end of the corrective phase that followed the initial upward wave. Now, the market has entered orange wave 3, typically one of the strongest and longest phases in the Elliott Wave cycle. This wave suggests that the upward trend is gaining strength, with price increases anticipated as the wave continues to unfold. The next projected development is the transition into orange wave 4 once orange wave 3 reaches its peak. Wave 4 generally involves a corrective phase, meaning the market could experience a temporary pullback following the strong upward push of wave 3. However, wave 4 is not yet in play, as the market is still advancing in orange wave 3. The key invalidation level for this Elliott Wave structure is 5,385.80. Should the market drop below this level, the current wave count would be invalidated, requiring a reassessment of the structure. This level is essential for confirming the ongoing upward trend. Summary: The S&P 500 Elliott Wave Analysis shows that the market is in a bullish impulsive trend, with orange wave 3 currently progressing after the completion of orange wave 2. The next phase is expected to be orange wave 4, which will likely bring a corrective movement. The invalidation level is set at 5,385.80, acting as a critical point to verify the trend's continuation. S&P 500 Elliott Wave Analysis Trading Lounge Weekly Chart, S&P 500 Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Navy Blue Wave 3 POSITION: Gray Wave 5 DIRECTION NEXT LOWER DEGREES: Navy Blue Wave 4 DETAILS: Navy blue wave 2 appears completed, with navy blue wave 3 now in play. Wave Cancel Invalidation Level: 5,385.80 The S&P 500 Elliott Wave Analysis for the weekly chart reveals that the market is currently following a strong upward trend, moving in an impulsive wave pattern. The main structure being analyzed is navy blue wave 3, which signifies a significant upward movement within the overall trend. The current position is gray wave 5, reflecting the continuation of the impulsive wave within the broader Elliott Wave structure. Navy blue wave 2 is considered complete, marking the end of the corrective phase and setting the stage for the ongoing impulsive upward movement. Now, navy blue wave 3 is in progress, typically the strongest wave in the Elliott Wave cycle. This wave is expected to drive further market increases, indicating strong bullish momentum. Once navy blue wave 3 reaches completion, the market is expected to transition into navy blue wave 4. This phase will likely introduce a corrective movement as part of the larger wave pattern. However, for now, navy blue wave 3 remains in play, showing that the market is still in a strong upward phase. The invalidation level for this Elliott Wave structure is 5,385.80. If the market were to drop below this level, the current wave count would be invalidated, requiring a reassessment of the analysis. This level is crucial for confirming the wave structure and the ongoing trend. Summary: The S&P 500 Elliott Wave Analysis on the weekly chart shows the market in an impulsive upward trend, with navy blue wave 3 currently active following the completion of navy blue wave 2. The upward movement is expected to continue until navy blue wave 3 concludes, after which navy blue wave 4 may bring a corrective phase. The invalidation level is set at 5,385.80, a key point for validating the current wave structure. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
MA Elliott Wave Analysis Trading Lounge Daily Chart, Mastercard Inc.,(MA) Daily Chart MA Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minor wave 3 DIRECTION: Upside within wave 3. DETAILS: Looking for upside within wave 3 in what could be an extension in wave 3. Mastercard Inc., (MA) 1H Chart MA Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minute wave {v}. DIRECTION: Upside in wave {v}. DETAILS: Here showing the alternative count in what could be a five wave move within minor wave 1. This Elliott Wave analysis for Mastercard Inc. (MA) examines both the daily and 1-hour charts to assess its current market trend, utilizing Elliott Wave Theory anticipate potential future movements. * META Elliott Wave Technical Analysis – Daily Chart* On the daily chart, MA is in an impulsive mode, currently progressing through Minor wave 3. There is the expectation of upside continuation within wave 3, and there are indications that this wave may experience an extension. This type of structure, where wave 3 extends, often signifies strong bullish momentum. Traders can anticipate that Mastercard may push to new highs as this extended wave develops, possibly surpassing significant resistance levels. The chart is likely targeting higher prices in this trend, supported by the broader impulsive structure. * META Elliott Wave Technical Analysis – 1H Chart* On the 1-hour chart, Mastercard is currently within Minute wave {v}. The current count suggests an alternative scenario in which wave {v} is part of a five-wave move within Minor wave 1. This count implies that, while we are nearing the end of this smaller wave sequence, there could be additional bullish movement before a larger correction takes place. As wave {v} completes, traders should watch for signs of exhaustion at resistance levels. However, the overall structure remains supportive of continued upward momentum within the context of the larger impulsive trend. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
AUDUSD Elliott Wave Analysis Trading Lounge Day Chart, Australian Dollar/U.S. Dollar (AUDUSD) Day Chart AUDUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Gray Wave 2 Position: Orange Wave 3 Next Higher Degree Direction: Gray Wave 3 Details: Gray Wave 1 appears to be complete, with Gray Wave 2 currently in progress. Wave Cancel Invalidation Level: 0.66237 The AUDUSD Elliott Wave Analysis for the daily chart shows that the market is currently in a counter-trend phase, defined by a corrective movement. This wave pattern operates in a corrective mode, suggesting that the market is undergoing a temporary pullback against the broader trend. The current wave structure under observation is Gray Wave 2, which is in effect following the completion of Gray Wave 1. Gray Wave 1 has finished, signaling the end of the initial impulsive move. Now, the market has transitioned into Gray Wave 2, which is typically a corrective phase that follows the first impulsive wave. According to Elliott Wave Theory, Wave 2 usually retraces a portion of Wave 1 before the market resumes its primary trend, which is expected to happen in Gray Wave 3. Wave 3 is often the most extended and powerful wave in an Elliott Wave cycle, indicating that significant movement is likely to occur once the corrective phase concludes. The next major movement, Gray Wave 3, is expected to continue the overarching trend once Gray Wave 2 completes its corrective cycle. The analysis highlights the importance of Gray Wave 2, as it will set the stage for the potential upward movement that follows. The critical invalidation level for this wave structure is 0.66237. If the market drops below this level, the current wave count will be considered invalid, necessitating a reevaluation of the Elliott Wave structure. This level serves as a key reference point for confirming whether the ongoing corrective action will hold and whether the trend is likely to resume as anticipated. Summary: The AUDUSD Elliott Wave Analysis for the daily chart indicates that Gray Wave 2 is active following the completion of Gray Wave 1. A corrective phase is underway, and the market is expected to shift into Gray Wave 3, which should result in substantial movement. The invalidation level of 0.66237 remains crucial for validating the wave structure. Australian Dollar/U.S. Dollar (AUDUSD) 4-Hour Chart AUDUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Gray Wave 2 Position: Orange Wave 3 Next Higher Degree Direction: Gray Wave 3 Details: Gray Wave 1 appears to be complete, and Gray Wave 2 is now in progress. Wave Cancel Invalidation Level: 0.66237 The AUDUSD Elliott Wave Analysis for the 4-hour chart indicates that the market is currently in a counter-trend phase, which reflects a temporary correction against the broader trend. The mode of this movement is corrective, suggesting a pullback or pause within the overall trend. The wave structure under analysis is Gray Wave 2, which is developing within the ongoing corrective sequence. At this stage, Gray Wave 1 is considered complete, and the market has now entered Gray Wave 2. According to Elliott Wave Theory, Wave 2 usually represents a retracement or correction after the impulsive move of Wave 1. This corrective phase is typically short-lived before the market resumes its primary trend. Once Gray Wave 2 concludes, the next expected movement is Gray Wave 3. Wave 3 is generally one of the most powerful and extended waves within an Elliott Wave cycle, indicating a strong return to the dominant trend with significant momentum. The critical invalidation level for this analysis is 0.66237. If the market falls below this level, the current Elliott Wave count will be invalidated, requiring a reassessment of the wave structure. This level is key in confirming the continuation of the corrective phase and the eventual transition into Gray Wave 3. Summary: The AUDUSD Elliott Wave Analysis for the 4-hour chart shows that the market is in a corrective phase, with Gray Wave 2 currently in play following the completion of Gray Wave 1. Traders should anticipate the next move to be Gray Wave 3, which will resume the broader trend. The invalidation level of 0.66237 remains a crucial point for confirming the ongoing correction. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!
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