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10/06/21 10:53
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By tradinglounge · Posted
EURUSD Elliott Wave Analysis Trading Lounge 4 Hour Chart, 6 December 23 Euro/U.S.Dollar(EURUSD) 4 Hour Chart EURUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: impulsive as A Structure:blue wave 2 of A Position: Y of wave 2/B Direction Next lower Degrees: blue wave 3 of A Details:After blue wave 1 now blue wave 2 as a correction started . Wave Cancel invalid level: 1.10192 The "EURUSD Elliott Wave Analysis Trading Lounge 4 Hour Chart" for 6 December 623, offers a detailed examination of the Euro/U.S. Dollar (EURUSD) currency pair within a four-hour timeframe. Employing Elliott Wave principles, the analysis aims to provide traders with valuable insights into the current market conditions. The identified "Function" is "Counter Trend," suggesting that the analysis is focused on a potential reversal or corrective movement within the broader market trend. Counter-trend analysis is crucial for traders looking to identify points of potential trend reversal. The specified "Mode" is described as "impulsive as A," indicating that the current market movement is considered impulsive within the context of an Elliott Wave A-wave. Impulsive waves are characterized by strong and directional price movements, often representing the initial stage of a new trend. The primary "Structure" is labeled as "blue wave 2 of A," denoting the specific degree of the impulsive wave within the Elliott Wave framework. This information helps traders understand the current phase of the market cycle and anticipate future price movements. The designated "Position" is identified as "Y of wave 2/B," providing insights into the wave count within the larger degree of correction. This level of detail is crucial for traders employing Elliott Wave analysis to make informed decisions. The directional guidance for "Next Lower Degrees" is "blue wave 3 of A," indicating the anticipation of the next impulsive wave within the larger correction. This information is vital for traders looking to align their strategies with the expected market direction. Regarding "Details," the analysis notes that "After blue wave 1, now blue wave 2 as a correction started." This information informs traders that the market is currently in a correction phase following the completion of the first impulsive wave. The "Wave Cancel invalid level" is specified as "1.10192," providing traders with a key level that, if reached, would invalidate the current wave count and suggest a reassessment of the market conditions. In summary, the EURUSD Elliott Wave Analysis for the 4-hour chart on 6 December 23, highlights a counter-trend impulsive movement labeled as "wave 2 of A." The analysis provides details about the structure, position, and anticipated next wave, along with a critical level for potential wave cancellation. -
Indices in Asia staged a recovery from their lows, providing a more optimistic performance than that seen in the US yesterday. After a brief period of weakness, hopes are once again rising that central banks are at the end of their tightening cycle. The ASX 200 and the Nikkei 225 were the strongest performers, but Chinese indices continued their poorer run of form, struggling to move into positive territory for the day. Today sees the release of the latest ADP employment report in the US, the precursor to Friday's non-farm payrolls, along with a decision from the Bank of Canada. Rates are expected to remain unchanged at 5%. The Bank of England's latest Financial Stability Report is also published today, and BoE governor Andrew Bailey will speak at 11am. -
I guess two top exchange here has made my trading experience seamless. Though the One Cliq Copy trading and the 3Commas Spot trading Bot features coupled with a user-friendly interface and Minimum fiat deposit got me glued to Bitget.
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Guest diiams
How is this possible? Won't the platform execute margins call?
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