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By tradinglounge · Posted
KOSPI Composite Elliott Wave Analysis Trading Lounge Day Chart, KOSPI Composite Elliott Wave Technical Analysis FUNCTION: Trend MODE: impulsive STRUCTURE:gray wave 3 POSITION:orange wave 3 DIRECTION NEXT LOWER DEGREES: gray wave 4 DETAILS gray wave 2 looking completed. Now gray wave 3 of 3 is in play. Wave Cancel invalid level: 2552.92 The KOSPI Composite Elliott Wave Analysis for the day chart offers a comprehensive view of the current market trends based on Elliott Wave Theory. The analysis identifies the function of the market movement as a trend, suggesting that the current market direction is in line with the primary trend rather than a correction or counter trend. The mode of the wave structure is impulsive, which means the market is experiencing strong, directional movements typical of an Elliott Wave impulsive sequence. This implies a continuation of the primary trend with significant price changes in the direction of the trend. The specific wave structure under examination is gray wave 3, which is part of a larger orange wave 3. The current position within this wave structure indicates that gray wave 2 is considered complete, and now the market is moving into gray wave 3 of orange wave 3. This phase is crucial as it typically represents a powerful and extended move within the Elliott Wave sequence. The direction for the next lower degrees is identified as gray wave 4, which will follow the completion of the current impulsive wave. This suggests that after the completion of gray wave 3, the market will likely enter a corrective phase before resuming the primary trend. The details of the analysis highlight that gray wave 2 has likely completed, marking the end of a corrective phase and the beginning of gray wave 3 of 3. This phase is expected to exhibit strong impulsive characteristics, driving the market further in the direction of the primary trend. The wave cancel invalid level is set at 2552.92, indicating that if the market falls below this level, the current wave count would be invalidated and require reassessment. In summary, the KOSPI Composite Elliott Wave Analysis on the day chart describes an impulsive market mode within a trending function, focusing on the completion of gray wave 2 and the initiation of gray wave 3 of 3. This suggests a continuation of the strong upward movement in the market, with a subsequent corrective phase anticipated in gray wave 4. The analysis provides critical insights for traders, indicating robust market activity aligned with the primary trend. KOSPI Composite Elliott Wave Analysis Trading Lounge Weekly Chart, KOSPI Composite 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 looking completed. Now orange wave 3 of 3 is in play. Wave Cancel invalid level: 2429.15 The KOSPI Composite Elliott Wave Analysis for the weekly chart focuses on the market's primary trend using Elliott Wave Theory. The analysis categorizes the market function as a trend, indicating the movement aligns with the overall direction of the market rather than acting as a correction or counter movement. The mode of the current wave structure is impulsive, signifying strong, directional price movements that are characteristic of an Elliott Wave impulsive pattern. This mode suggests a continuation of the prevailing market trend with substantial price advances in the direction of this trend. The wave structure being analyzed is orange wave 3, which is a segment of a broader navy blue wave 3. The market is currently positioned within this structure, indicating that orange wave 2 is considered complete. The market is now advancing into orange wave 3 of 3, a critical phase typically marked by vigorous and extended movements in the direction of the primary trend. The next lower degrees are expected to move into orange wave 4 following the completion of the current impulsive wave. This transition suggests that after orange wave 3 concludes, the market will likely experience a corrective phase before continuing the primary trend. The details emphasize that orange wave 2 appears to be complete, indicating the end of a corrective period and the start of orange wave 3 of 3. This phase is expected to show strong impulsive characteristics, driving the market further in its primary direction. The wave cancel invalid level is set at 2429.15, meaning if the market falls below this level, the current wave count would be invalidated and necessitate a reassessment of the wave structure. In summary, the KOSPI Composite Elliott Wave Analysis for the weekly chart describes an impulsive market mode within a trending function, focusing on the completion of orange wave 2 and the beginning of orange wave 3 of 3. This indicates a continuation of significant upward movement in the market, with a corrective phase anticipated in orange wave 4. The analysis provides essential insights for traders, highlighting robust market activity in alignment with the primary trend. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
EURGBP Elliott Wave Analysis Trading Lounge Day Chart, Euro/British Pound(EURGBP) Day Chart EURGBP Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE:impulsive STRUCTURE: orange wave C POSITION: navy blue wave Y DIRECTION NEXT HIGHER DEGREES:new uptrend DETAILS: orange wave B of navy blue wave Y looking completed, now orange wave C is in play. The EURGBP Elliott Wave Analysis for the day chart provides an in-depth look into the current market conditions using Elliott Wave Theory. The analysis identifies the market function as a counter trend, which indicates a reversal or correction within the broader market trend. The mode of the wave structure is impulsive, signifying strong directional movements typical of a significant phase in the Elliott Wave sequence. The primary wave structure under consideration is orange wave C, which is part of a larger navy blue wave Y. The current position within this structure is the completion of orange wave B of navy blue wave Y, suggesting that the market has finished a corrective phase and is now moving into the next phase, which is orange wave C. The direction for the next higher degrees points to a new uptrend, indicating that after the completion of the current corrective waves, the market is expected to resume an upward trajectory. This sets the stage for a potential bullish market once the corrective phases are fully completed. The details of the analysis indicate that orange wave B of navy blue wave Y appears to be completed. This completion signifies that the market has likely finished a significant corrective move, and the focus is now on orange wave C, which is in play. Orange wave C represents the next phase of the corrective sequence and is expected to show impulsive characteristics, driving the market in a new direction. In summary, the EURGBP Elliott Wave Analysis on the day chart outlines a counter trend within an impulsive mode, specifically focusing on orange wave C of navy blue wave Y. With orange wave B considered complete, the market is now progressing through orange wave C. This analysis suggests a shift towards a new uptrend in the higher degree waves, indicating potential bullish movements in the near future. This detailed wave analysis provides traders with valuable insights into the expected market movements and the completion of key wave structures. EURGBP Elliott Wave Analysis Trading Lounge 4 Hour Chart, Euro/British Pound(EURGBP) 4 Hour Chart EURGBP Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE:impulsive STRUCTURE: gray wave 5 POSITION: orange wave C DIRECTION NEXT LOWER DEGREES:gray wave 5(started) DETAILS: gray wave 4 of C looking completed, now gray wave 5 of C is in play. Wave Cancel invalid level: 0.85410 The EURGBP Elliott Wave Analysis for the 4-hour chart offers insights into the market's movements using Elliott Wave Theory. The analysis identifies the current trend as a counter trend, indicating a potential reversal or correction within a broader trend. The mode of the wave structure is impulsive, suggesting strong movements in one direction, typically indicative of a significant phase within the Elliott Wave sequence. The primary wave structure being analyzed is gray wave 5, which is currently in play. This wave is part of the larger orange wave C, positioning gray wave 5 as the final wave within the corrective sequence of orange wave C. The analysis suggests that gray wave 4 of C has likely been completed, and the market is now progressing through gray wave 5 of C. The direction for the next lower degrees points to gray wave 5, which has started. This implies that the market is in the midst of an impulsive wave that should continue until gray wave 5 completes. The anticipated movement within gray wave 5 suggests ongoing activity in this phase, likely characterized by strong and directional market actions. A crucial aspect of the analysis is the wave cancel invalid level, set at 0.85410. This level serves as a critical threshold for maintaining the validity of the current wave count. If the market drops below this level, it would invalidate the current wave structure, requiring a reassessment of the wave analysis. Hence, staying above this level is essential for the continuation of the identified wave patterns. In summary, the EURGBP Elliott Wave Analysis on the 4-hour chart outlines a counter trend in an impulsive mode, with gray wave 5 of orange wave C currently in play. The completion of gray wave 4 sets the stage for the ongoing progression of gray wave 5. The analysis highlights a wave cancel invalid level at 0.85410, which is crucial for validating the current wave count. This analysis provides traders with a detailed understanding of the potential movements and critical thresholds within the EURGBP market. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
ASX: BRAMBLES LIMITED - BXB Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with BRAMBLES LIMITED - BXB. We see that BXB seems to have completed wave (ii)-orange, but needs to push a little higher to confirm this view. And wave (iii)-orange may return to push higher. ASX: BRAMBLES LIMITED - BXB Elliott Wave Technical Analysis ASX: BRAMBLES LIMITED - BXB 1D Chart (Semilog Scale) Analysis Function: Major trend (Minuette degree, orange) Mode: Motive Structure: Impulse Position: Wave (iii)-orange Details: The short-term outlook shows some evidence that wave (ii)-orange has ended, wave c-grey has fully broken down into 5 waves. A push above 14.60 would renew this bullish view. Invalidation point: 12.70 Confirmation point: 14.60 ASX: BRAMBLES LIMITED - BXB Elliott Wave Technical Analysis TradingLounge (4-Hour Chart) ASX: BRAMBLES LIMITED - BXB Elliott Wave Technical Analysis ASX: BRAMBLES LIMITED - BXB 4-Hour Chart Analysis Function: Major trend (Sub minuette degree, grey) Mode: Motive Structure: Impulse Position: Wave ((2))-navy of Wave i-grey Details: The shorter-term outlook suggests that wave c-grey of wave (ii)-orange appears to have completed its five-wave structure, indicating that it might have ended, and wave (iii)-orange could be resuming to push higher. However, it is too early to draw a definitive conclusion. The price needs to move above 14.60 to clarify this view, while it must remain above 13.88 to keep this wave count valid. Invalidation point: 13.88 Confirmation point: 14.60 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: BRAMBLES LIMITED - BXB aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends. Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation). Source : Tradinglounge.xom get trial here!
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