"You Don't Need The Edge": Trading Advice from Pro Trader John Kicklighter
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By tradinglounge · Posted
NIKKEI 225 (N225) Elliott Wave Analysis Trading Lounge Day Chart NIKKEI 225 (N225) Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Orange wave 3 Position: Navy blue wave 3 Direction Next Higher Degrees: Orange wave 3 (started) Details: Orange wave 2 appears completed; orange wave 3 is now in play. Wave Cancel Invalidation Level: 35,109 The NIKKEI 225 Elliott Wave analysis on the daily chart by Trading Lounge highlights a bullish trend in the Japanese stock index, driven by an impulsive wave pattern. The focus is on orange wave 3, which represents the main structure currently unfolding, signaling that the overall market sentiment remains positive. Positioned within navy blue wave 3, this movement indicates a robust upward trajectory. The completion of orange wave 2 confirms that orange wave 3 is now active. This stage is pivotal within the impulsive wave framework, as orange wave 3 typically aligns with strong price movements in the direction of the prevailing trend. Key Marker – Invalidation Level An invalidation level has been identified at 35,109. If the NIKKEI 225 index falls to or below this level, the ongoing progression of orange wave 3 would be considered invalid. This could suggest a potential shift in the trend or necessitate a re-evaluation of the wave structure. Summary The analysis maintains a bullish outlook for the NIKKEI 225, with orange wave 3 driving the current impulsive trend within navy blue wave 3. Traders should closely monitor price movements within this structure, especially around the 35,109 invalidation level. A breach of this threshold could indicate a reversal or a disruption in the current wave framework. NIKKEI 225 (N225) Elliott Wave Analysis Trading Lounge Weekly Chart NIKKEI 225 (N225) 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 (continuing) Details: Navy blue wave 2 appears completed; navy blue wave 3 is now in play. Wave Cancel Invalidation Level: 35,109 The NIKKEI 225 Elliott Wave analysis on the weekly chart by Trading Lounge outlines a bullish trend in the index, driven by an impulsive wave pattern. The analysis highlights that navy blue wave 3 is the dominant structure currently unfolding, nested within gray wave 3, indicating strong upward momentum. This structure reflects the ongoing impulsive phase, signaling sustained bullish sentiment and the potential for price appreciation over the medium to long term. The apparent completion of navy blue wave 2 has paved the way for the development of navy blue wave 3, a critical stage in the impulsive wave cycle. Wave 3 typically represents the strongest and most extended movement within the wave structure, aligning with the overall upward trend in the NIKKEI 225. Key Marker – Invalidation Level An invalidation level has been set at 35,109. A decline to or below this level would disrupt the anticipated upward progression of navy blue wave 3, suggesting a potential shift in market sentiment or the onset of a corrective phase. Such a move would require a re-evaluation of the current wave structure. Summary The analysis maintains a bullish outlook for the NIKKEI 225, with navy blue wave 3 driving the impulsive trend within gray wave 3. Traders are advised to monitor price movements closely in relation to the invalidation level of 35,109. A breach of this level could indicate a disruption in the bullish structure, signaling a potential trend reversal or corrective phase. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
U.S. Dollar / Canadian Dollar (USDCAD) Day Chart USDCAD Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Navy blue wave 1 Position: Gray wave 3 Direction Next Lower Degrees: Navy blue wave 2 Details: Orange wave 4 of navy blue wave 1 appears completed; now orange wave 5 of navy blue wave 1 is in play. Wave Cancel Invalidation Level: 1.38430 The USDCAD Elliott Wave analysis on the daily chart from Trading Lounge evaluates the technical trend structure for the U.S. Dollar and Canadian Dollar pair. The analysis identifies an ongoing impulsive wave pattern, which is moving in an upward trajectory and structured as navy blue wave 1. Within this broader wave sequence: Gray wave 3 remains active. Orange wave 4, part of the navy blue wave 1 sequence, is likely completed. This sets the stage for orange wave 5 to develop within the navy blue wave 1 structure, signaling the continuation of the upward trend. The current analysis suggests that the trend may persist in its bullish direction, given the anticipated continuation of orange wave 5 within this wave framework. Traders and analysts are advised to closely monitor the progression of wave formations. The successful completion of orange wave 5 would support the broader upward movement indicated in navy blue wave 1. Key Marker – Invalidation Level An invalidation level has been set at 1.38430. If USDCAD prices drop to this level or lower, it would signal a breakdown in the current wave pattern. Such a scenario could indicate a shift in market direction or structure, necessitating a reassessment of the analysis. This invalidation level acts as a critical benchmark, enabling traders to verify the validity of the current impulsive structure and adjust their outlook if needed. Summary The USDCAD daily chart points to a sustained bullish outlook, with caution advised near the invalidation level of 1.38430. While the pattern suggests continued upward momentum, traders should remain vigilant for potential reversals should the price approach or fall below this threshold. U.S. Dollar / Canadian Dollar (USDCAD) 4 Hour Chart USDCAD Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Orange wave 5 Position: Navy blue wave 1 Direction Next Lower Degrees: Navy blue wave 2 Details: Orange wave 4 appears completed; orange wave 5 of navy blue wave 1 is now in play. Wave Cancel Invalidation Level: 1.38430 The USDCAD Elliott Wave analysis on the 4-hour chart from Trading Lounge provides an in-depth review of the technical trend structure for the U.S. Dollar and Canadian Dollar pair. This analysis identifies an ongoing impulsive wave pattern, with a focus on orange wave 5, part of the broader navy blue wave 1 structure. The apparent completion of orange wave 4 indicates the beginning of the final phase, orange wave 5, which would continue the upward trajectory within this impulsive framework. The position of orange wave 5 within navy blue wave 1 underscores the primary upward trend, with the potential for further bullish momentum as this wave develops. Key Marker – Invalidation Level An invalidation level has been identified at 1.38430. If prices decline to or below this level, it would signal a breakdown in the anticipated wave structure. Such a scenario would imply a disruption in the progression of orange wave 5 and navy blue wave 1, suggesting the possibility of a trend reversal or a need to re-evaluate the wave structure. Summary The analysis anticipates the continuation of bullish momentum as orange wave 5 unfolds within the larger navy blue wave 1. Traders should monitor the development of orange wave 5 closely, as its completion could confirm the integrity of the current upward trend. However, vigilance is necessary around the invalidation level of 1.38430, as reaching this threshold could indicate a reversal or restructuring of the wave pattern. This level acts as a strategic reference point for trend validation. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here -
By tradinglounge · Posted
ASX: QBE INSURANCE GROUP LIMITED – QBE Elliott Wave Technical Analysis TradingLounge Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with QBE INSURANCE GROUP LIMITED – QBE. We see QBE continuing to rise with wave (iii)-orange, and then continuing with wave (v)-orange. ASX: QBE INSURANCE GROUP LIMITED – QBE 1D Chart (Semilog Scale) Analysis Function: Major trend (Subminuette degree, gray) Mode: Motive Structure: Impulse Position: Wave iii-grey of Wave (iii)-orange of Wave ((v))-navy Details: Wave iii-grey of wave (iii)-orange of wave ((v))-navy is unfolding to push much higher. While price must remain above 17.52 to maintain this view, because wave 4 cannot overlap wave 1. Invalidation point: 17.52 ASX: QBE INSURANCE GROUP LIMITED – QBE 4-Hour Chart Analysis Function: Major trend (Minuette degree, orange) Mode: Motive Structure: Impulse Position: Wave iii-grey of Wave (iii)-orange Details: Since the low at 15.79, wave (iii)-orange is extending, it is subdividing into wave i-grey to wave iii-grey. Basically wave iii-grey can still continue to push higher, also be ready for a push back lower than wave iv-grey after that. After wave iv-grey ends, wave v-grey will continue to complete its job of pushing higher. While wave iv-grey cannot move lower than 17.52 to maintain this view. Invalidation point: 17.52 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: QBE INSURANCE GROUP LIMITED – QBE aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends. Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation). Source : Tradinglounge.com get trial here! #QBE #ElliottWave #TradingLounge #ASX #ASXStocks #Stocks
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