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By tradinglounge · Posted
Natural Gas Mode - Larger degree bullish correction Structure - Impulse wave C (circled) of Flat Position - Wave (4) Direction - Wave (4) is still in play Details: It appears the price is now correcting lower in wave (4). Alternatively, this could be 2nd wave of an extended wave 5 of (3). We need more price data to be sure. However, the former is more likely. Natural Gas Elliott Wave Analysis Since late February 2024, natural gas has rebounded over 80% after hitting its lowest price since mid-2020. The commodity is poised to continue higher, potentially reaching new highs not seen since 2023. However, in the long term, this recovery could be part of the retracement of the bearish trend that began in October 2022, when prices were around $10. Daily Chart Analysis: On the daily chart, a bearish impulse wave started at $10.029 in August 2022 and completed at $1.944 in April 2023. Following a bearish impulse, a bullish correction typically ensues, which is what the current price action represents. The pattern emerging is an irregular flat correction. Wave A and B (circled) concluded at $3.666 and $1.524 respectively. The price is now advancing in an impulse structure corresponding to wave C (circled). Wave C might terminate near $3.666 or possibly breach it. The impulse structure from $1.524 is crucial in determining the completion point of the corrective phase from $1.944. H4 Chart Analysis: On the H4 chart, the impulse for wave C (circled) has completed the first three sub-waves, i.e., waves (1), (2), and (3) of the intermediate degree. The 4th wave is emerging downwards, potentially forming a zigzag structure based on its initial appearance. It appears that wave A of (C) is still ongoing, indicating that wave (4) has not yet completed. The corrective decline could extend to the Fibonacci zone between $2.56 and $2.37 before wave (5), which has the potential to reach or even exceed the $3.666 high from October 2023, starts. Summary: Natural gas has seen a significant recovery since late February 2024, bouncing back over 80% from its mid-2020 low. This recovery is likely a part of the retracement of the bearish trend from October 2022. On the daily chart, a bearish impulse wave concluded in April 2023, followed by an upward correction that seems to be forming an irregular flat pattern. Wave A and B have ended, and wave C is advancing. The impulse structure from $1.524 will be critical in determining the completion of the corrective phase. On the H4 chart, the impulse for wave C has completed the first three sub-waves, with wave (4) now developing. The corrective decline might continue to the Fibonacci zone of $2.56 to $2.37 before wave (5) begins, potentially reaching or surpassing the $3.666 high from October 2023. Traders should monitor these key levels to anticipate the next phase of the bullish correction. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here! -
By WilliamMason0 · Posted
In the ever-evolving financial markets, particularly within the realm of stock trading, fraud and scams are rampant. William Mason, a seasoned financial expert at the age of 48, has dedicated his career to investor education and protection. With his extensive experience and achievements in the finance sector, Mason provides invaluable guidance on how investors can safeguard themselves against stock market scams. Recognizing and Avoiding Stock Market Scams Despite the lucrative opportunities in the stock market, the risks are equally significant. William Mason highlights several key points that investors must always be vigilant about: Too-Good-to-Be-True Promises: Scammers often lure victims with promises of high returns and zero risk. Mason emphasizes that every investment carries inherent risks; there is no such thing as a guaranteed profit. Opaque Investment Advice: Some scams involve misleading information and fabricated expert recommendations. Mason advises investors to verify the source of information and avoid blindly trusting so-called experts. Complex Trading Systems: Overly complicated and hard-to-understand trading systems may conceal exorbitant fees and hidden risks. The “William Trend Momentum Portfolio System” advocates for clear and straightforward investment strategies, enabling investors to understand their investment positions better. Urgent Investment Opportunities: Scammers often create a sense of urgency, pressuring investors into making hasty decisions. Mason cautions that any investment requiring quick decisions should be approached with extreme caution. William Mason’s Anti-Scam Initiatives To better protect investors, William Mason has not only developed a reliable trading platform but also actively promotes anti-scam knowledge. Through blog posts, video tutorials, and social media, he shares investment experiences and educates investors on recognizing and avoiding potential scams. His app includes specific scam alerts and risk warning features, ensuring users can identify and steer clear of common scam traps during their trading activities. Mason also hosts regular online seminars, interacting with investors, answering their questions, and further enhancing their awareness of investment security. Upholding a Positive Image and Setting Industry Standards William Mason exemplifies integrity and professionalism, becoming a role model in preventing stock market scams. His actions demonstrate how a dedicated financial expert can leverage knowledge and technology to help investors avoid falling prey to fraudulent schemes. In the financial markets, preventing fraud is not just an individual responsibility but a mission for the entire industry. Through Mason’s efforts, we see how a positive industry leader can protect investors and foster a safer, more transparent investment environment. Let us all support and follow the example set by William Mason, ensuring a more secure and informed trading experience for everyone. Investors, remember: only with adequate knowledge and vigilance can you navigate the stock market successfully. Be cautious, stay informed, and together we can move towards a brighter and safer financial future. -
By tradinglounge · Posted
MSTR Elliott Wave Analysis Trading Lounge Daily Chart, MicroStrategy Inc.,(MSTR) Daily Chart MSTR Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Minute {iv}. DIRECTION: Bottom in wave {iv}. DETAILS: Looking for a bottom in wave {iv} to then continue higher in wave {v} of 1 or else there is a case we are in Minor wave 5 and we could be topping in wave (5). MSTR Elliott Wave Analysis Trading Lounge 4Hr Chart, MicroStrategy Inc.,( MSTR) 4Hr Chart MSTR Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Wave (c) of {iv}. DIRECTION: Bottom in (c). DETAILS: Looking for an ending diagonal in wave (c) of {iv}to be in place, otherwise we could have topped in wave {v} where current wave (b) is and we could be headed lower. Welcome to our latest Elliott Wave analysis for MicroStrategy Inc. (MSTR) as of June 18, 2024. This analysis provides an in-depth look at MSTR's price movements using the Elliott Wave Theory, helping traders identify potential opportunities based on current trends and market structure. We will cover insights from both the daily and 4-hour charts to offer a comprehensive perspective on MSTR's market behavior. * MSTR Elliott Wave Technical Analysis – Daily Chart* In our Elliott Wave analysis of MicroStrategy Inc. (MSTR), we observe a counter-trend corrective pattern characterized by a flat structure. MSTR is currently positioned in minute wave {iv}, suggesting a potential bottom in wave {iv}. This bottom could lead to a continuation higher into wave {v} of 1. However, there is also a scenario where we might be in Minor wave 5, and if this is the case, MSTR could be approaching a top in wave (5). Traders should watch for confirmation of the bottom in wave {iv} to assess the likelihood of an upward move in wave {v}. This could provide strategic entry points if the anticipated trend unfolds as expected. * MSTR Elliott Wave Technical Analysis – 4Hr Chart* On the 4-hour chart, MSTR is following a counter-trend corrective mode within a flat structure, specifically in wave (c) of {iv}. The analysis suggests that we may be forming an ending diagonal in wave (c) of {iv}, which often signals the conclusion of the corrective phase. Alternatively, if the market has already topped in wave {v} at the position of the current wave (b), MSTR might head lower. Traders should be vigilant for signs of the ending diagonal being completed in wave (c) of {iv} and watch for potential downside movements if the wave {v} top scenario plays out. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here!
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