-
Posts
-
By tradinglounge · Posted
JSW STEEL – JSWSTEEL (1D Chart) Elliott Wave Technical Analysis Function: Counter Trend (Minor Degree Grey) Mode: Corrective Structure: Potential impulse within larger degree correction Position: Minute Degree is still unfolding Details: The proposed wave structure has changed as the stock breaks below 960 mark. Minor Wave 4 Grey has also been adjusted with Wave 5 potentially complete around 1075. Only a push through 1075 will bring bulls back in control. Invalidation point: 1075 JSW STEEL Daily Chart Technical Analysis and potential Elliott Wave Counts: JSW STEEL daily chart is indicating a larger degree trend terminating at 1075 high. The Intermediate Wave (5) Orange is complete and stock prices have already turned lower towards 850 mark at a Minor degree. The stock is already trading around 932 at the time of writing. JSW STEEL had terminated Intermediate Wave (4) Orange around 520 mark in May 2022. The religious rally after than can be clearly sub divided into five waves labelled Minor Wave 1 through 5 on the daily chart. Not labelled on the daily chart yet but a larger degree correction is underway against 1075 JSW STEEL – JSWSTEEL (4H Chart) Elliott Wave Technical Analysis: Function: Counter Trend (Minor Degree Grey) Mode: Corrective Structure: Potential impulse within larger degree correction Position: Minute Degree is still unfolding Details: The proposed wave structure has changed as the stock breaks below 960 mark. Minor Wave 4 Grey has also been adjusted with Wave 5 potentially complete around 1075. Only a push through 1075 will bring bulls back in control. Also present a potential corrective drop A-B-C on the chart, where Wave C cold be progressing lower. Invalidation point: 1075 JSW STEEL 4H Chart Technical Analysis and potential Elliott Wave Counts: JSW STEEL 4H chart indicates adjusted wave counts since Minor Wave 4 terminated around 855 mark in August 2024. The drop since 1075 high could be a Minor degree correction A-B-C or more complex pattern. At the moment bears are in control and looking to drag towards the 850 mark. Will change the proposed count if needed in our next update. Conclusion: JSW STEEL is producing a corrective drop at Minor Degree against 1075 high. Elliott Wave Analyst: Harsh Japee Source : Tradinglounge.com get trial here,! -
By cryptomaga · Posted
This reward pool looks good, i will check it out -
By tradinglounge · Posted
Coffee Elliott Wave Analysis Coffee is returning to the upside after a five-week pullback. In the coming days, the commodity will aim to breach the 275.1 September 2024 high to continue the long-term bullish sequence. This long-term bullish path started in May 2019. It completed the first leg (cycle degree wave w) in February 2022 and then followed the 2nd leg pullback (cycle degree wave x) which ended in January 2023. The 3rd leg (cycle degree wave y) is currently emerging from January 2023 and has already breached the February 2022 top. Thus, cycle degree wave x could extend to 317-358 in the coming weeks or months. Daily Chart Analysis The daily chart captured the progress of the ongoing cycle degree wave x from 141.85 January 2023 low. The rally is emerging into a double zigzag structure with the primary degree waves ((W)) and ((X)) finished respectively on April 2024 and May 2024. Price is current at wave Y of (W) of ((Y)) which can extend higher to 296 for completion before the next significant pullback in wave (X) starts. H4 Chart Analysis The H4 chart shows the completion of wave ((b)) of Y of (W) and the current rally from November unfolding as wave (a) of ((c)) of Y of (W). Thus, the short-term path favors the rally to continue to 296-300 and traders can buy pullbacks along. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here!
-
Question
barzyp
This has happened just today on both my pc and Android phone. My charts have been going a bit mad. Eg a stock that's currently trading at £4, the chart will show a bad of £4 and £5 constantly.
I'm worried to open a trade incase it opens way above what the charts are showing....
This is not good for.an investor to see. Can this be fixed asap.
Short video attached
1 answer to this question
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now