Jump to content

ASX200 CBA BHP RIO FMG NCM GOLD LITHIUM NICKEL COPPER DXY AUDUSD Elliott Wave


Recommended Posts

Stock Market Content ASX200 CBA BHP RIO FMG NCM Gold Lithium Nickel Copper DXY AUDUSD Elliott Wave Analysis
Summary: Today,  I present a bearish picture for the ASX200 Banks and Resources today. The USD to move lower and resources higher with a bank corrective rally, with resources and banks to rally the ASX200 should scoot along nicely higher - that said, the 7200 will see a Classic TradingLevels pattern.
Elliott Wave: ASX200 Wave C of (2)
Strategy ASX200 Stall at 7200 then a move to 7300

Video Chapters
00:00  S&P/ASX 200 (XJO)
19:42 Commonwealth Bank CBA / Bank Sector XXJ
20:24 IRON ORE BHP Group (BHP), Rio Tinto (RIO), Fortescue Metals Group (FMG)
21:30 Newcrest Mining NCM / GOLD XAUUSD. Silver
24:25 AUDUSD / US Dollar DXY
26:12 copper stocks
27:14 Nickel stocks
28:26 Lithium Stocks
30:46 Thanks for supporting

Analyst Peter Mathers TradingLounge™ 

 

 

Link to comment

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 account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Yes yes.i have every thing.This was before and after 5pm.My opening price was 1.0716.I honestly feel robbed and i recorded the whole thing but sadly am unble to attach it here. FYI this isn't the first time and i habe twice called your office.
    • While after all the previous halvings, Bitcoin's price skyrocketed, this halving will be different. This is because now the Bitcoin ETF is in play, which will attract long-term investors, resulting in a decrease in volatility. Bitcoin will most likely still experience a hike and reach new heights, but the returns will not match the previous levels.
    • KO Elliott Wave Analysis Trading Lounge Daily Chart, The Coca-Cola Company, (KO) Daily Chart KO Elliott Wave Technical Analysis   FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Minute wave {c} of 2.   DIRECTION: Bottom in wave {c}. DETAILS: With yesterday’s session we’ve had a spike in volume on the bull side, which could make us start thinking the correction is either completed, or soon to be. We have almost reached 1.618 {c} vs. {a}., but more importantly we have reached the base of the leading diagonal in wave 1, where many times support is found.         KO Elliott Wave Analysis Trading Lounge 4Hr Chart, The Coca-Cola Company, (KO) 4Hr Chart KO Elliott Wave Technical Analysis   FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Wave (v) of {c}. DIRECTION: Bottom in wave (v). DETAILS: Here on the intraday chart it’s easier to see the five wave move in wave {c} which seems to have unfolded nicely. Looking for a clear sign of a bottom in place.        As of April 18, 2024, Elliott Wave analysts closely monitor the daily and 4-hour charts of The Coca-Cola Company (Ticker: KO) to provide insightful technical forecasts. These Elliott Wave predictions play a crucial role in identifying potential trends and reversal points in the stock's price movement.     * KO Elliott Wave Technical Analysis – Daily Chart* The Elliott Wave analysis on the daily chart of Coca-Cola shows a corrective phase within a flat structure, identified as minute wave {c} of 2. This phase is categorized under a counter trend function, suggesting that the ongoing correction is approaching completion. The recent trading session marked a significant increase in volume on the bullish side, hinting at a nearing end to the correction. Technically, the price has approached the critical 1.618 Fibonacci extension of wave {c} relative to {a}, reaching a key support level at the base of the leading diagonal from wave 1—a typical zone for finding support.   * KO Elliott Wave Technical Analysis – 4hr Chart* On the 4-hour chart, Coca-Cola’s stock exhibits a detailed structure of the corrective phase, clearly depicting wave (v) of {c}. This finer resolution allows for a clearer visualization of the complete five-wave move within wave {c}, indicating the likelihood of a bottom formation. Analysts are keenly observing for definitive signs that confirm the bottom is firmly in place, signaling potential bullish reversals.   Technical Analyst : Alessio Barretta   Source : Tradinglounge.com get trial here!    
×
×
  • Create New...
us