Risk event for the week starting 11 April: Canadian rates - USD/CAD
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I have various software packages - Sharepad, Dynamic Traders and the cycle index is self built using Excel -
By tradinglounge · Posted
S&P 500 Elliott Wave Analysis Trading Lounge Day Chart, S&P 500 Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Orange Wave 3 POSITION: Navy Blue Wave 3 DIRECTION NEXT LOWER DEGREES: Orange Wave 4 DETAILS: Orange wave 2 appears completed, with orange wave 3 now active. Wave Cancel Invalidation Level: 5,385.80 The S&P 500 Elliott Wave Analysis for the daily chart reveals that the market is currently in a strong trend phase, progressing impulsively. The active structure under analysis is orange wave 3, indicating an upward movement aligned with the larger trend. The wave is positioned within navy blue wave 3, which further confirms the ongoing impulsive movement within the broader wave structure. Orange wave 2 is considered complete, signifying the end of the corrective phase that followed the initial upward wave. Now, the market has entered orange wave 3, typically one of the strongest and longest phases in the Elliott Wave cycle. This wave suggests that the upward trend is gaining strength, with price increases anticipated as the wave continues to unfold. The next projected development is the transition into orange wave 4 once orange wave 3 reaches its peak. Wave 4 generally involves a corrective phase, meaning the market could experience a temporary pullback following the strong upward push of wave 3. However, wave 4 is not yet in play, as the market is still advancing in orange wave 3. The key invalidation level for this Elliott Wave structure is 5,385.80. Should the market drop below this level, the current wave count would be invalidated, requiring a reassessment of the structure. This level is essential for confirming the ongoing upward trend. Summary: The S&P 500 Elliott Wave Analysis shows that the market is in a bullish impulsive trend, with orange wave 3 currently progressing after the completion of orange wave 2. The next phase is expected to be orange wave 4, which will likely bring a corrective movement. The invalidation level is set at 5,385.80, acting as a critical point to verify the trend's continuation. S&P 500 Elliott Wave Analysis Trading Lounge Weekly Chart, S&P 500 Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Navy Blue Wave 3 POSITION: Gray Wave 5 DIRECTION NEXT LOWER DEGREES: Navy Blue Wave 4 DETAILS: Navy blue wave 2 appears completed, with navy blue wave 3 now in play. Wave Cancel Invalidation Level: 5,385.80 The S&P 500 Elliott Wave Analysis for the weekly chart reveals that the market is currently following a strong upward trend, moving in an impulsive wave pattern. The main structure being analyzed is navy blue wave 3, which signifies a significant upward movement within the overall trend. The current position is gray wave 5, reflecting the continuation of the impulsive wave within the broader Elliott Wave structure. Navy blue wave 2 is considered complete, marking the end of the corrective phase and setting the stage for the ongoing impulsive upward movement. Now, navy blue wave 3 is in progress, typically the strongest wave in the Elliott Wave cycle. This wave is expected to drive further market increases, indicating strong bullish momentum. Once navy blue wave 3 reaches completion, the market is expected to transition into navy blue wave 4. This phase will likely introduce a corrective movement as part of the larger wave pattern. However, for now, navy blue wave 3 remains in play, showing that the market is still in a strong upward phase. The invalidation level for this Elliott Wave structure is 5,385.80. If the market were to drop below this level, the current wave count would be invalidated, requiring a reassessment of the analysis. This level is crucial for confirming the wave structure and the ongoing trend. Summary: The S&P 500 Elliott Wave Analysis on the weekly chart shows the market in an impulsive upward trend, with navy blue wave 3 currently active following the completion of navy blue wave 2. The upward movement is expected to continue until navy blue wave 3 concludes, after which navy blue wave 4 may bring a corrective phase. The invalidation level is set at 5,385.80, a key point for validating the current wave structure. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
MA Elliott Wave Analysis Trading Lounge Daily Chart, Mastercard Inc.,(MA) Daily Chart MA Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minor wave 3 DIRECTION: Upside within wave 3. DETAILS: Looking for upside within wave 3 in what could be an extension in wave 3. Mastercard Inc., (MA) 1H Chart MA Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minute wave {v}. DIRECTION: Upside in wave {v}. DETAILS: Here showing the alternative count in what could be a five wave move within minor wave 1. This Elliott Wave analysis for Mastercard Inc. (MA) examines both the daily and 1-hour charts to assess its current market trend, utilizing Elliott Wave Theory anticipate potential future movements. * META Elliott Wave Technical Analysis – Daily Chart* On the daily chart, MA is in an impulsive mode, currently progressing through Minor wave 3. There is the expectation of upside continuation within wave 3, and there are indications that this wave may experience an extension. This type of structure, where wave 3 extends, often signifies strong bullish momentum. Traders can anticipate that Mastercard may push to new highs as this extended wave develops, possibly surpassing significant resistance levels. The chart is likely targeting higher prices in this trend, supported by the broader impulsive structure. * META Elliott Wave Technical Analysis – 1H Chart* On the 1-hour chart, Mastercard is currently within Minute wave {v}. The current count suggests an alternative scenario in which wave {v} is part of a five-wave move within Minor wave 1. This count implies that, while we are nearing the end of this smaller wave sequence, there could be additional bullish movement before a larger correction takes place. As wave {v} completes, traders should watch for signs of exhaustion at resistance levels. However, the overall structure remains supportive of continued upward momentum within the context of the larger impulsive trend. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here!
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