Elliott Wave Insights & Strategies SP500, NASDAQ, DAX 40, FTSE 100, ASX200
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By tradinglounge · Posted
ASX: MINERAL RESOURCES LIMITED - MIN Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with MINERAL RESOURCES LIMITED - MIN. We have determined that wave ((2))-red has ended, and wave ((3))-red can be opened to push higher. ASX: MINERAL RESOURCES LIMITED - MIN Elliott Wave Technical Analysis ASX: MINERAL RESOURCES LIMITED - MIN 1D Chart (Semilog Scale) Analysis Function: Major trend (Minuette degree, purple) Mode: Motive Structure: Impulse Position: Wave ((3))-red of Wave iii-blue of Wave (iii)-purple Details: The short-term outlook suggests that the ((2))-red wave appears to be nearing its end, and thereafter, the ((3))-red wave may return to push higher. A swift and strong price increase above the 70.95 level will gradually clarify this perspective. Invalidation point: 61.00 ASX: MINERAL RESOURCES LIMITED - MIN Elliott Wave Technical Analysis TradingLounge (4-Hour Chart) ASX: MINERAL RESOURCES LIMITED - MIN Elliott Wave Technical Analysis ASX: MINERAL RESOURCES LIMITED - MIN 4-Hour Chart Analysis Function: Major trend (Micro degree, red) Mode: Motive Structure: Impulse Position: Wave ((3))-red of Wave iii-red of Wave (i)-purple Details: The shorter-term outlook suggests that wave ((2))-red has just completed, and wave ((3))-red is now unfolding to push higher. This establishes wave ((3))-red of wave iii-blue of wave (i)-purple, indicating that prices are likely to rise significantly. Invalidation point: 66.31 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: MINERAL RESOURCES LIMITED - MIN 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! -
By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart Tron/ U.S. dollar(TRXUSD) TRXUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Zigzag Position: Wave ((C)) Direction Next higher Degrees: wave I of Impulse Wave Cancel invalid Level: Details: Wave IV may be complete and the price increase again in Wave V. Tron/ U.S. dollar(TRXUSD)Trading Strategy: Tron's fourth wave correction appears to be complete at the level. 0.1051 and the price is rising again in the fifth wave. But there may be a correction in wave 2 of the fifth wave before increasing. Therefore, the overall price is entering the trend again. Looking for opportunities to open long positions. Tron/ U.S. dollar(TRXUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum. Elliott Wave Analysis TradingLounge H4 Chart Tron/ U.S. dollar(TRXUSD) TRXUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Zigzag Position: Wave ((C)) Direction Next higher Degrees: wave I of Impulse Wave Cancel invalid Level: Details: Wave IV may be complete and the price increase again in Wave V. Tron/ U.S. dollar(TRXUSD)Trading Strategy: Tron's fourth wave correction appears to be complete at the level. 0.1051 and the price is rising again in the fifth wave. But there may be a correction in wave 2 of the fifth wave before increasing. Therefore, the overall price is entering the trend again. Looking for opportunities to open long positions. Tron/ U.S. dollar(TRXUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum. Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here! -
The gem is going on accumulation zone.. let's grab the opportunity ya!
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