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Posts
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By tradinglounge · Posted
Copper Elliott Wave Analysis The sell-off on Copper from the late September high is set to continue lower toward the September lows. However, the phase is corrective. Thus, the larger bullish cycle from August 2024 and October 2023 should continue afterward toward the highs of the year 2024. From the long-term perspective, the commodity is clearly within the bullish cycle that started in March 2020. In addition, Copper's long term from the March 2020 low is structurally evolving in a diagonal structure. Meanwhile, this diagonal structure is expected to complete the much larger bullish cycle that started pre-2000. The Daily Chart Analysis On the daily chart, the evolving diagonal from March 2020 has probably completed wave IV and is now correcting the wave ((A)) of V. This means, the price is down in wave ((B)) of V. Provided the August 2024 low of wave IV is unbreached and wave ((B)) completes a corrective structure, the idea in the long-term still supports the upside. The H4 Chart Analysis The H4 chart focuses on the sub-wave development of wave ((B)) which is emerging into a double zigzag wave pattern. Wave (X) of ((B)) has already finished and the price is in wave (Y) - precisely in wave C of (Y) of ((B)). Thus, the corrective phase from September 2024 could extend lower toward 4.15-4.00 to complete wave ((B)) before the next bullish phase begins for wave ((C)). Technical Analyst : Sanmi Adeagbo Source : Tradinglounge get trial here! -
By cryptomaga · Posted
This Solana meme have seen tremendous bullish price trend. Leaving so many imbalances which must be filled. If it reject $0.47 the third time then the next possible support should be around $0.44 or lower. Anyway, lets keep an eye on this chart to see a possible short entry around $0.46-7 -
By tradinglounge · Posted
META Elliott Wave Analysis Trading Lounge Meta Platforms Inc., (META) Daily Chart META Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Intermediate wave (5) DIRECTION: Upside in 5 of (5). DETAILS: We have been looking at a post triangle thrust within wave 5. It’s possible we are actually completing wave 1 of (5) instead of 5 of (5). Nevertheless, we are still missing one more leg higher, ideally to reach 650$. Meta Platforms Inc., (META) 1H Chart META Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {iv} of 5. DIRECTION: Upside in wave {v}. DETAILS: Looking for upside into wave {v}. We seem to be missing one leg higher in what could either be a top in wave {v} of 5, or else a top in wave (v) of {i}, which would be the preferred scenario, considering the target at MediumLevel 650$. This Elliott Wave analysis for Meta Platforms Inc., (META) examines both the daily and 1-hour charts to assess its current market trend, utilizing Elliott Wave Theory to anticipate potential future movements. * META Elliott Wave Technical Analysis – Daily Chart* The daily chart for Meta Platforms suggests we are in the final stages of wave (5) of an impulsive move. While the initial analysis points to the completion of wave 5 of (5), it’s possible we are instead completing wave 1 of (5). Regardless, one more leg higher is expected, ideally pushing the price towards the 650$ target. This scenario aligns with a post-triangle thrust, indicating bullish momentum is likely to continue in the short term. * META Elliott Wave Technical Analysis – 1H Chart* The 1-hour chart indicates that Meta is in the process of completing wave {iv} and is preparing for an upward move in wave {v}. The missing leg higher in wave {v} suggests we are nearing the completion of either wave 5 of (5) or wave (v) of {i}, with the latter being the preferred scenario. This would indicate further bullish continuation, particularly towards the MediumLevel of 650$, which serves as a potential resistance level. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here!
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Question
mark27
Hi
I had a pending order filled but the pending order remained on my prorealtime chart and still remains now .If I try to delete it it says order filled already.I have logged in and out and restarted prorealtime .Does anyone know how to remove it as it is distracting when I have a real order in place
cheers
Mark
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