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10/06/21 10:53
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Posts
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By tradinglounge · Posted
Okta Inc., Elliott Wave Technical Analysis Okta Inc., (OKTA:NYSE): Daily Chart, 2 June 23, OKTA Stock Market Analysis: Okta has been moving as expected, looking for further upside into wave {iii} despite the sharp correction we had with yesterday’s session. OKTA Elliott Wave Count: Wave {ii} of 3. OKTA Technical Indicators: Below all averages. OKTA Trading Strategy: Looking for upside resumption into wave {ii}. TradingLounge Analyst: Alessio Barretta Source : Tradinglounge.com get trial here! Okta Inc., OKTA: 1-hour Chart, 2 June 23 Okta Inc., Elliott Wave Technical Analysis OKTA Stock Market Analysis: Looking for the correction in wave {ii} to be nearly completed, as we might resume lower into wave (c) to complete the correction, knowing we are very close to invalidation level. Should we break the red line we could then have been in a flat correction in wave 2. OKTA Elliott Wave count: Wave (c) of {ii}. OKTA Technical Indicators: Below all averages. OKTA Trading Strategy: Looking for support at 66.7 to hold. -
Hey fellow traders! I wanted to share some exciting news with you all regarding the AUDUSD currency pair. Over the past few days, I've been closely monitoring its movements, and I'm thrilled to report a significant development. The price has finally broken below the immediate support level at 0.6564, indicating a successful breakout. Now, here's the exciting part. The price is currently retracing towards this former support level, which has now transformed into a resistance zone. If the price fails to break and close above this resistance level, there is a high potential for a bearish push, with a target towards the major support at 0.6177. This presents a fantastic opportunity for us traders to profit from the downward movement, potentially gaining a massive 400 pips. Keep a close eye on the price action and watch for any signs of rejection at the resistance zone. If the bears take control, it could be a rewarding trade! Remember, always exercise caution and implement appropriate risk management strategies. Good luck and happy trading! -
By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, 2 June 23, AAVE Token/U.S.dollar(AAVEUSD) AAVEUSD Elliott Wave Technical Analysis Function: Reactionary(Counter Trend) Mode: Corrective Structure: Double Combined Position: Wave (Y) Direction Next higher Degrees: Wave ((2)) of Motive Details: Wave ((2)) may have ended at the level of 60.171. Five waves of rise and break of the level of 74.219 will support this idea. Wave Cancel invalid Level: 60.171 AAVE Token/U.S.dollar(AAVEUSD)Trading Strategy: Wave ((2)) may end at the level of 60.171, five rising waves will support this idea. but even so Price Remains in Bear Market Control As it is below the MA200 line, there is still a risk of entering a long position. AAVE Token/U.S.dollar(AAVEUSD)Technical Indicators: The price is below the MA200 indicating a downtrend MACD and RSI are Bearish momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 2 June 23, AAVE Token/U.S.dollar(AAVEUSD) AAVEUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave 3 Direction Next higher Degrees: Wave (1) of Motive Details: Wave 3 is usually equal to 1.618 multiplied Length of wave 1 Wave Cancel invalid Level: 60.171 AAVE Token/U.S.dollar(AAVEUSD)Trading Strategy: Wave ((2)) may end at the level of 60.171, five rising waves will support this idea. but even so Price Remains in Bear Market Control As it is below the MA200 line, there is still a risk of entering a long position. AAVE Token/U.S.dollar(AAVEUSD)Technical Indicators: The price is below the MA200 indicating a downtrend MACD and RSI are Bearish momentum.
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