Jump to content

Elliott Wave Analysis of Stock Market Summary for S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, and ASX 200


Recommended Posts

Long Trade Opportunities - Elliott Wave Analysis Stock Market Summary for S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, and ASX 200? Let's dive into the Elliott Wave Analysis to gain valuable insights.

Summary: We may have reached the lows for most indices, but to validate this potential trend reversal, we need to observe a larger impulse wave moving upwards with significant volume, indicating long trade opportunities. It's crucial to be cautious of the 61.8% Fibonacci retracement levels, which could trigger a market downturn. To mitigate risks, consider long trades only when this level acts as strong support.

Elliott Wave Count:
- SP 500: The c) of 4 wave appears to be complete, but we should await confirmation above the 61.8% retracement level before making any moves.
- Nasdaq 100: The c) of 4 wave is likely complete, but confirmation is still needed.
- Russell 2000: The b) of 4 wave is currently in progress.
- DAX 40: The market is experiencing a rally in wave b) of 4, with the current level at 16,200.
- FTSE 100: Wave c) of 2 could potentially reach 7630, but be cautious as it might fail and turn into Wave b) of 2.
- ASX 200: The wave (c) of ii) might have completed its move. However, be prepared for the possibility of a decline to 7380 - 7400, which could result in Wave (b) of ii).

Stay informed with the latest Elliott Wave Analysis for these indices to make well-informed investment decisions. Remember to consider the risk factors and confirmations before entering any trades. Happy investing!

Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817
Source: tradinglounge com   Access Trial

 

 

#sp500 #nasdaq100 #russell2000 #dax40 #ftse100 #asx200 

 

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

    • Massive support for Peanut as the meme finally breaks $1 and approaching $2. Trump is finally the highest holder of this meme which was listed at 0.12 on Bitget just last week. I posted about the token and made few analysis of this  current trend . Even when the current resistance at $1.8 looks very strong since it got reject twice now but if it finally breaks it then $2 could be on the card guys   
    • The cryptocurrency world is no stranger to innovation, and Fartcoin is the latest example. Built on the Solana blockchain, Fartcoin is part of the Terminal of Truth project, which allows users to observe AI conversations without constraints. This project aims to explore the boundaries of AI and see if it can achieve surprising performance.   While some may see it as a novelty, others believe it could provide valuable insights into AI's capabilities. It's a unique approach that combines the worlds of cryptocurrency and artificial intelligence, and it will be interesting to see how it develops after its debut listing on tier 1 CEXs like Bitget. What are your thoughts on the intersection of AI and cryptocurrency?
    • hey everyone! The trading volume of Department Of Government Efficiency (DOGE) is $24,855,197 in the last 24 hours, representing a 240.10% increase from one day ago and signalling a recent rise in market activity. DOGEGOV can be traded on decentralized exchanges and centralized crypto exchanges. The most popular exchange to buy and trade Department Of Government Efficiency is Raydium (CLMM), where the most active trading pair DOGE/SOL has a trading volume of $1,361,819 in the last 24 hours. Other popular options include Bingx and other exchanges token prices increased by 75% in just 24 hours, reaching $0.163. This surge contributes to an impressive weekly gain of 291%, outpacing the performance of its namesake inspiration, Dogecoin. the token just recorded The trading volume spiked 220% to over $17 billion in the last 24 hours, making it the fourth-most traded cryptocurrency in the said period. what do you have to say about this?  let have more insight
×
×
  • Create New...
us