Euro Straddles 1.1300 Ahead of ECB and Fed Meetings. Will EUR/USD Break Out?
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By tradinglounge · Posted
MCD Elliott Wave Analysis Trading Lounge McDonald’s Corp., (MCD) Daily Chart MCD Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {v} of 1. DIRECTION: Upside in wave {v}. DETAILS: We are looking for a top in wave 1 of (1) or what could also easily be wave (1) of Primary 5 as we have been trading around TradingLevel3 at 300$. McDonald’s Corp., (MCD) 1H Chart MCD Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave (iii) of {v}. DIRECTION: Upside in wave (iii). DETAILS: Looking for upside into wave (iii) as we approach once again 300$. Ideally looking for a classic trading level around 300$ to then confirm the long position towards ATH. This analysis of McDonald’s Corp., (MCD) focuses on both the daily and 1-hour charts, using the Elliott Wave Theory to assess current market trends and forecast future price movements. * MCD Elliott Wave Technical Analysis – Daily Chart* MCD is advancing within wave {v} of wave 1 (or potentially wave (1) of Primary 5), as it trades around the significant resistance level at $300, which corresponds to TradingLevel3. This area is critical, as it could mark the completion of this impulsive wave or set up for the next phase in a larger bullish structure. A potential top formation around this level could indicate either the completion of wave 1 or an extended move higher in Primary wave 5. * MCD Elliott Wave Technical Analysis – 1H Chart* On the 1-hour chart, MCD is progressing in wave (iii) of {v}, with a clear upside momentum as it approaches the key $300 mark once again. The current price action suggests that MCD is likely to continue higher in wave (iii), and a decisive break above $300 would confirm the bullish case, with potential targets towards an All-Time High (ATH). Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
Bovespa Index Elliott Wave Analysis - Trading Lounge Day Chart Bovespa Index Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Orange Wave 1 Position: Navy Blue Wave 3 Direction Next Higher Degrees: Orange Wave 1 (Initiated) Details: Navy Blue Wave 2 appears complete; Orange Wave 1 of Navy Blue Wave 3 is underway. Analysis Overview The Bovespa Index daily chart provides a detailed Elliott Wave analysis, indicating a bullish trend. The current wave structure is identified as Orange Wave 1, forming part of an impulsive sequence within Navy Blue Wave 3. This development signals the continuation of an upward movement in the broader market trend. The analysis indicates that Navy Blue Wave 2 has likely concluded, ushering in Orange Wave 1 within Navy Blue Wave 3. This aligns with Elliott Wave Theory, which identifies wave patterns to forecast market behavior. The ongoing Orange Wave 1 marks the early phase of the impulsive sequence, reflecting robust bullish momentum. Insights for Traders The market's upward trajectory is clearly highlighted in this analysis, offering valuable insights into the continuation of the bullish phase. Traders can leverage this framework to better understand the current wave structure and position themselves for potential gains as the impulsive sequence unfolds. Bovespa Index Elliott Wave Analysis - Trading Lounge Weekly Chart Bovespa Index Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Navy Blue Wave 3 Position: Gray Wave 3 Direction Next Higher Degrees: Navy Blue Wave 3 (Initiated) Details: Navy Blue Wave 2 appears complete; Navy Blue Wave 3 is now active. Wave Cancel Invalid Level: 96,820.96 Analysis Overview The Bovespa Index weekly chart delivers an Elliott Wave analysis highlighting a bullish trend. The wave structure is defined as Navy Blue Wave 3, forming part of a broader impulsive sequence. Within this pattern, Gray Wave 3 is currently advancing, reflecting continued upward momentum in the market. The analysis indicates that Navy Blue Wave 2 has likely concluded, allowing the progression into Navy Blue Wave 3. This aligns with Elliott Wave Theory, which identifies impulsive waves as key drivers of market trends. The development of Navy Blue Wave 3 signifies a strong bullish phase, with significant potential for further upward movement. Key Levels and Considerations An invalidation point for this wave count is established at 96,820.96. Should the market drop below this level, the current wave structure would require reassessment, potentially signaling a deviation from the expected bullish trend. Insights for Traders This analysis provides a detailed perspective on the ongoing impulsive phase, emphasizing critical levels and directional trends. Traders can utilize this framework to navigate the continuation of the bullish momentum. The behavior within Navy Blue Wave 3 suggests further market gains as the impulsive sequence unfolds. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
USDCHF Elliott Wave Analysis - Trading Lounge Day Chart U.S. Dollar/Swiss Franc (USDCHF) Day Chart USDCHF Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Navy Blue Wave 2 Position: Gray Wave 3 Direction Next Higher Degrees: Navy Blue Wave 3 Details: Navy Blue Wave 1 appears complete; Navy Blue Wave 2 is currently active. Wave Cancel Invalid Level: 0.83737 Analysis Overview The USDCHF daily chart provides a comprehensive Elliott Wave analysis, revealing a counter-trend movement in progress. The current wave formation identifies Navy Blue Wave 2, representing a corrective phase within the broader market trend. As part of this structure, Gray Wave 3 is positioned, indicating the ongoing development of the corrective phase. The analysis implies that Navy Blue Wave 1 has likely reached its conclusion, allowing the market to transition into Navy Blue Wave 2. According to Elliott Wave Theory, corrective waves signify temporary reversals within a prevailing trend. Once Navy Blue Wave 2 is completed, the chart anticipates a continuation of the upward momentum with the emergence of Navy Blue Wave 3. Critical Levels and Observations The invalidation point for this wave count is identified at 0.83737. A move below this level would necessitate reevaluating the wave structure, potentially signaling a shift away from the expected corrective pattern. This analysis is essential for traders monitoring the current corrective phase. It provides crucial levels and directional insights, helping navigate this transitional stage as the market prepares for the subsequent impulsive phase. U.S. Dollar/Swiss Franc (USDCHF) 4-Hour Chart USDCHF Elliott Wave Technical Analysis Function: Counter Trend Mode: Impulsive Structure: Orange Wave C Position: Navy Blue Wave 2 Direction Next Higher Degrees: Navy Blue Wave 3 Details: Orange Wave B appears complete; Orange Wave C of 2 is in progress. Wave Cancel Invalid Level: 0.83737 Analysis Overview The USDCHF 4-hour chart delivers an Elliott Wave analysis highlighting a counter-trend movement currently unfolding. The wave structure is characterized by Orange Wave C, representing an impulsive phase within Navy Blue Wave 2. This suggests the market is undergoing a corrective stage in preparation for a resumption of the broader trend. The analysis confirms that Orange Wave B seems to have concluded, transitioning into Orange Wave C of Navy Blue Wave 2. Consistent with Elliott Wave Theory, this final segment of the corrective phase aligns with expected market behaviors, setting the stage for the continuation of the larger trend with Navy Blue Wave 3. Critical Levels and Observations The invalidation level for this wave count is set at 0.83737. If the price falls below this level, it would require a reassessment of the current wave structure and signal a potential deviation from the anticipated pattern. This analysis sheds light on the corrective dynamics of the ongoing wave, highlighting crucial levels and providing a roadmap for traders as the market transitions toward the next impulsive phase. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!
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