-
General Statistics
-
Total Topics23,635
-
Total Posts97,041
-
Total Members44,193
-
Most Online7,522
10/06/21 10:53
-
-
-
Posts
-
-
By tradinglounge · Posted
Johnson & Johnson, Elliott Wave Technical Analysis Johnson & Johnson, (JNJ:NYSE): 4h Chart 6 December 23 JNJ Stock Market Analysis: We changed the count to a bullish scenario. At this stage we are looking for upside in either a wave 3 or C that seems to be unfolding as expected. Looking for 5 waves within wave 3/C. JNJ Elliott Wave Count: Wave (iii) of {iii}. JNJ Technical Indicators: Above all averages. JNJ Trading Strategy: Looking for longs into wave 3. TradingLounge Analyst: Alessio Barretta Johnson & Johnson, JNJ: 1-hour Chart 6 December 23 Johnson & Johnson, Elliott Wave Technical Analysis JNJ Stock Market Analysis: Looking for a sideways consolidation into wave (iv) to then continue higher as we seem to be finding support on 158$. Upside target for wave {iii} stands at 161.5 as we have 2.618 of {iii} vs. {i}. JNJ Elliott Wave count: Wave (iv) of {iii} JNJ Technical Indicators: Above all averages. JNJ Trading Strategy: Looking for longs into wave (v). -
By tradinglounge · Posted
EURUSD Elliott Wave Analysis Trading Lounge Day Chart, 6 December 23 Euro/U.S.Dollar(EURUSD) Day 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 Day Chart" for 6 December 23, delves into the Euro/U.S. Dollar (EURUSD) pair within a daily timeframe, employing Elliott Wave analysis to provide traders with a comprehensive view of market dynamics. Identified as a "Counter Trend" analysis, the focus is on potential reversals against the prevailing market trend. This is crucial for traders aiming to capitalize on corrective movements or trend changes. The analysis characterizes the current market "Mode" as "impulsive as A," signifying that the observed price action is impulsive and falls within the context of an A-wave in the Elliott Wave structure. Impulsive movements are typically strong and directional, often marking the initiation of a new trend. The primary "Structure" is labeled as "blue wave 2 of A," detailing the current phase within the Elliott Wave framework. Understanding the wave structure is fundamental for traders to gauge the market's position in the broader cycle. The specified "Position" is denoted as "Y of wave 2/B," indicating the current wave count within the larger degree of correction. This level of detail assists traders in comprehending the intricacies of the ongoing correction. The directional guidance for "Next Lower Degrees" is projected as "blue wave 3 of A," suggesting an anticipation of the next impulsive wave within the overarching correction. This information is valuable for traders seeking alignment with the expected market direction. In terms of "Details," the analysis notes that "After blue wave 1, now blue wave 2 as a correction started." This informs traders that the market is currently undergoing a corrective phase following the completion of the first impulsive wave. The "Wave Cancel invalid level" is identified as "1.10192," serving as a critical threshold. If the market reaches this level, it would invalidate the current wave count, prompting a reconsideration of the prevailing market conditions. To summarize, the EURUSD Elliott Wave Analysis for the day chart on 6 December 23, presents a counter-trend impulsive movement labeled as "wave 2 of A." The analysis provides insights into the wave structure, position, expected next wave, and a crucial level for potential wave cancellation.
-
Question
Guest Tom
Hi guys, I'm new to trading and have started a demo account with IG and loving the interface so far, but I'm just a bit confused over some of the prices - for spot silver, it currently says the buy and sell prices are around 2510.5 but the 10 after the 25 is in big numbers - very rookie questions, but does this mean the price is £25.103 or £2510.3 as I've had a look on other broker websites and the price is listed around £25 . Just wondering if those big numbers mean something different, as on other prices, e.g Tesla there are no big numbers and the prices between brokers are the same. Thanks in advance
Link to comment
0 answers 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