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Posts
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By tradinglounge · Posted
GBPAUD Elliott Wave Analysis - Trading Lounge British Pound/Australian Dollar (GBPAUD) Day Chart GBPAUD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Orange Wave 2 Position: Navy Blue Wave 3 Direction Next Higher Degrees: Orange Wave 3 Details: The analysis indicates that orange wave 1 appears completed, with orange wave 2 currently in progress. Wave Cancel Invalidation Level: 1.92313 Analysis Overview: The GBPAUD daily chart highlights a counter-trend movement using the Elliott Wave methodology. The wave mode is classified as corrective, focusing on the development of orange wave 2 within the broader context of navy blue wave 3. This setup represents a temporary pullback within the larger upward trend. Current Wave Context: Orange wave 1 seems to have concluded, paving the way for orange wave 2, a corrective movement. This phase involves price retracements within the broader structure, setting up for a potential transition into orange wave 3, an impulsive phase. Invalidation Level: The wave count becomes invalid if the price breaches 1.92313, requiring a re-evaluation of the wave structure and overall trend analysis. Corrective Phase Implications: This stage in the Elliott Wave sequence represents a consolidation period within a larger bullish pattern. The ongoing correction in orange wave 2 lays the groundwork for the anticipated upward move of orange wave 3. Trading Insights: Traders can leverage this phase by monitoring signals that suggest the completion of orange wave 2. Anticipating the subsequent upward trend, aligning strategies with market dynamics can yield better results. Key levels within the corrective structure provide critical decision points for trade setups. By understanding the wave dynamics and the broader market behavior, participants can enhance their trading decisions, optimizing for the upcoming orange wave 3 phase. British Pound/Australian Dollar (GBPAUD) 4-Hour Chart GBPAUD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Orange Wave 2 Position: Navy Blue Wave 3 Direction Next Higher Degrees: Orange Wave 3 Details: The analysis indicates that orange wave 1 appears completed, and orange wave 2 is currently unfolding. Wave Cancel Invalidation Level: 1.92313 Analysis Overview: The GBPAUD 4-hour chart illustrates a counter-trend movement identified using the Elliott Wave framework. The wave mode is corrective, focusing on the development of orange wave 2, which is nested within the broader structure of navy blue wave 3. This pattern highlights a temporary pullback amid the larger upward trend. Current Wave Context: Orange wave 1 is likely completed, transitioning into orange wave 2, a corrective phase. This stage represents a retracement, preparing for the next impulsive move into orange wave 3. Invalidation Level: The wave structure becomes invalid if the price breaches the 1.92313 level, requiring a re-assessment of the wave count and overall market structure. Corrective Phase Implications: The ongoing correction within orange wave 2 is a typical consolidation phase in the larger bullish wave formation. This phase allows the market to realign before resuming its upward momentum with orange wave 3. Trading Insights: Traders should monitor for signals indicating the completion of orange wave 2 to capitalize on the anticipated upward movement. Leveraging key levels within the corrective structure can aid in formulating strategic entries and exits. Understanding the Elliott Wave sequence enhances market interpretation, offering a clearer path for aligning trading decisions with future trends. By identifying key wave dynamics and recognizing potential turning points, market participants can prepare for the next impulsive phase, ensuring strategies align effectively with the broader trend. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
ASX: ASX LIMITED – ASX Elliott Elliott Wave Technical Analysis TradingLounge Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) ASX LIMITED – ASX. We see ASX LIMITED possibly pushing lower with wave ((ii))-navy, and then wave ((iii))-navy could move higher. ASX: ASX LIMITED – ASX 1D Chart (Semilog Scale) Analysis Function: Major (Minor degree, gray) Mode: Motive Structure: Impulse Position: Wave ((ii))-navy of Wave 3-grey Details: Wave ((ii))-navy could be pushing lower, targeting around 62.87. After the ((ii))-navy wave finds support levels at lower levels, then most likely the ((iii))-navy wave will return soon. And they can go long when the price gets the support tested at Medium Level 65.00. Invalidation point: 56.54 ASX: ASX LIMITED – ASX 4-Hour Chart Analysis Function: Major trend (Minor degree, grey) Mode: Motive Structure: Impulse Position: Wave ((ii))-navy of Wave 3-grey Details: Wave ((i))-navy has completed five-waves, and wave ((ii))-navy is moving lower, usually after Diagonals, I expect a quick serious decline, so the next target could be around 62.87. Invalidation point: 56.54 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: ASX LIMITED – ASX 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.com get trial here! #ASX #ASX #ASXStocks #Stocks #ElliottWave #TradingLounge -
By CryptoChamp · Posted
The Solana price today stands at $229.92, with a 24-hour trading volume of $5.09 billion, highlighting robust market activity. Currently, the Solana coin price is -12.65% below its all-time high (ATH) of $263.21, achieved on November 23, 2024. However, the price of Solana has surged an impressive 45,809.76% from its all-time low (ATL) of $0.5008, emphasizing its growth potential. Technicals support a bullish outlook for Sol crypto price. On the daily chart, SOL has formed a bullish flag pattern, suggesting further gains. Additionally, a break-and-retest pattern at $210—an important level tested in March—confirms the continuation of its uptrend. On the weekly chart, SOL has established a cup-and-handle pattern with a potential target of $511, based on a 97% projection from its upper resistance. The integration of ZK-rollups significantly boosts Solana crypto price. This innovation enhances privacy, security, and on-chain computations, with projects like ArciumHQ and DarklakeFi strengthening its ecosystem. Furthermore, a sharp increase in Total Value Locked (TVL) to $9.5 billion by December 7 reflects rising network activity, driving Solana price now. With growing adoption and technological advancements, the Sol price prediction remains optimistic, positioning Solana as a blockchain leader.
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Question
XainaO
Hi There
I would like to enquire why my Mobile and Desktop app are not syncing?
All the charts, indicators and alerts that i added on the online Desktop app has not been synced to my mobile app.
Is this because its a demo account?
Also, does the mobile app only offer PRICE ALERTS and NOT INDICTOR ALERTS?
0 answers to this question
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