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By tradinglounge · Posted
Swiss Market Index Elliott Wave Analysis - Day Chart FUNCTION: Trend MODE: Corrective STRUCTURE: Gray Wave 2 POSITION: Orange Wave 3 NEXT HIGHER DEGREES: Gray Wave 3 DETAILS: Gray Wave 1 of Orange Wave 3 appears complete; Gray Wave 2 is in play. WAVE CANCEL INVALID LEVEL: 11130.21 The Swiss Market Index (SMI) Elliott Wave analysis on the day chart evaluates the market's trend using Elliott Wave Theory. This analysis identifies the trend function and classifies the current mode as corrective. A corrective mode suggests the market is in a phase of retracement or consolidation, counter to the primary trend direction. Market Structure The current market structure is identified as gray wave 2 within the larger sequence of orange wave 3. In Elliott Wave terminology, waves are labeled to reflect their position within the overall market cycle. Gray wave 2 indicates a correction following the completion of gray wave 1. Market Position The market is currently positioned within orange wave 3, indicating this wave is part of a larger cycle. Gray wave 2 is a sub-wave within this larger orange wave 3. The direction for the next higher degrees points to gray wave 3, which will follow the completion of the current gray wave 2. Gray wave 3 typically shows strong directional movement, often aligning with the primary trend. Observations Detailed observations highlight that gray wave 1 of orange wave 3 appears complete. This completion sets the stage for gray wave 2, which is now in play. Gray wave 2 represents a corrective phase that follows the impulsive movement of gray wave 1. This phase is crucial as it sets the foundation for the subsequent gray wave 3, expected to resume the primary trend with renewed momentum. Critical Level A critical aspect of the analysis is the wave cancellation invalid level, set at 11130.21. This level acts as a threshold that, if breached, would invalidate the current wave count. The invalidation of the wave count would require reassessing the Elliott Wave structure and potentially alter the market outlook. Summary The Swiss Market Index day chart analysis identifies a corrective phase within gray wave 2, positioned in the larger context of orange wave 3. With gray wave 1 completed, the market is now navigating gray wave 2, setting the stage for the forthcoming gray wave 3. The wave cancellation invalid level at 11130.21 serves as a crucial validation point for maintaining the current wave count. Swiss Market Index Elliott Wave Analysis - Weekly Chart FUNCTION: Trend MODE: Impulsive STRUCTURE: Orange Wave 3 POSITION: Navy Blue Wave 3 NEXT LOWER DEGREES: Orange Wave 4 DETAILS: Orange Wave 2 of 3 appears complete; Orange Wave 3 is in play. WAVE CANCEL INVALID LEVEL: 11130.21 The Swiss Market Index (SMI) Elliott Wave analysis on the weekly chart provides a detailed overview of the market's trend using Elliott Wave Theory. This analysis focuses on the market's impulsive mode, indicating a strong directional movement in line with the primary trend. Market Structure The current market structure is identified as orange wave 3, suggesting the market is in a significant phase of upward movement. Within this structure, the market's position is noted as navy blue wave 3, a sub-wave of the larger orange wave 3. Navy blue wave 3 typically represents a strong and extended movement within the broader trend. Market Position The direction for the next lower degrees points to orange wave 4, which will follow the completion of the current orange wave 3. Orange wave 4 is expected to be a corrective phase, providing a retracement or consolidation after the impulsive movement of orange wave 3. This phase is essential for maintaining the overall market structure and preparing for the next impulsive wave. Observations The details highlight that orange wave 2 of 3 appears complete. This completion sets the stage for the current orange wave 3, now in play. Orange wave 3 represents a continuation of the impulsive trend, characterized by strong upward movement and potentially significant market gains. Critical Level A critical aspect of the analysis is the wave cancellation invalid level, set at 11130.21. This level acts as a crucial threshold that, if breached, would invalidate the current wave count. The invalidation of the wave count would require reassessing the Elliott Wave structure and potentially alter the market outlook. Summary The Swiss Market Index weekly chart analysis identifies an impulsive phase within orange wave 3, positioned within the larger context of navy blue wave 3. With orange wave 2 completed, the market is now navigating orange wave 3, continuing the primary upward trend. The wave cancellation invalid level at 11130.21 serves as a crucial validation point for maintaining the current wave count. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
HD Elliott Wave Analysis Trading Lounge Daily Chart, The Home Depot, (HD) Daily Chart HD Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: ZigZag POSITION: Minor 3. DIRECTION: Acceleration in wave 3. DETAILS: It looks like we have completed a clear three wave move in Minor wave 2, which suggests we could be ready to resume the downtrend of the higher degree wave (C). HD Elliott Wave Analysis Trading Lounge 4Hr Chart, The Home Depot, (HD) 4Hr Chart HD Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: ZigZag POSITION: Wave {i} of 3. DIRECTION: Pullback in {ii}. DETAILS: Looking for a pullback in minute wave {ii} of 3 to then continue lower. We could expect to find resistance on 350$, to then continue lower. Welcome to our latest Elliott Wave analysis for The Home Depot, Inc. (HD). This analysis provides an in-depth look at HD'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 HD's market behavior. * HD Elliott Wave Technical Analysis – Daily Chart* n our Elliott Wave analysis of The Home Depot, Inc. (HD), we observe a counter-trend corrective pattern characterized by a ZigZag structure. HD is currently positioned in Minor wave 3 of the higher degree wave (C). The recent price action indicates that HD has completed a clear three-wave corrective move in Minor wave 2, suggesting the possibility of resuming the downtrend in wave 3 of (C). This anticipated acceleration in wave 3 could lead to significant downward movement. Traders should monitor for bearish continuation patterns as HD progresses further into the downtrend phase of wave (C). * HD Elliott Wave Technical Analysis – 4Hr Chart* On the 4-hour chart, HD is following a counter-trend corrective mode within a ZigZag structure, specifically in wave {i} of 3. The current analysis indicates that HD is experiencing a pullback in minute wave {ii} of 3. This pullback could find resistance around the $350 level before continuing the downward trajectory. The anticipated resistance at $350 could serve as a strategic point for traders to watch for signs of the downtrend resuming. A break below recent lows following this pullback would likely confirm the continuation of wave 3. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here! -
By MetaverseLawyer · Posted
Bitget as a platform often does its best when it comes to innovative developments set to propel it to greater heights. From the likes of Copytrading, Grid trading bots and Smart Portfolio bot, a new K line sharing feature which allows affiliates on BG to create buy and sell signals directly on the chsrts for direct referrals. This feature is tailored towards enhancing seamless trading for both novice and experienced traders. In my opinion, this is really amazing stuff, it is simple for both affiliates and direct referrals. This is practically a step in the right direction, I'm looking forward to more exciting products like this. To be accessed; Affiliates need to; 1. Go to Marketing tools page and click sharsd chart, choose a pair and create the K line strat. 2. There's a + icon, once you click you can quickly create buy/sell signals and click confirm. For referrals; Go to the trading page, click the redbox symbol to activate feature, once the signal syncs click + button and review order details then click buy or sell to execute. Easy Peasy stuff.
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