Jump to content

Australian Dollar / Japanese Yen(AUDJPY) Day Chart Elliott Wave Technical Analysis 4 December 23


Recommended Posts

Posted

AUDJPY Elliott Wave Analysis Trading Lounge Day  Chart,4 December 23

Australian Dollar / Japanese Yen(AUDJPY) Day Chart

AUDJPY Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective  

Structure: C of Z

Position:  Black wave B

Direction Next Lower Degrees: Black wave C

Details: wace C of Z is in play ,after that black wave C expected  

The "AUDJPY Elliott Wave Analysis Trading Lounge Day Chart" for 4 December 23, focuses on the Australian Dollar/Japanese Yen (AUDJPY) currency pair within a daily timeframe, employing Elliott Wave principles for technical analysis.

The primary identified "Function" is "Counter Trend," indicating an emphasis on understanding and navigating potential corrective movements in the market. This suggests an acknowledgment of a temporary deviation from the prevailing trend, providing insights for traders looking to capitalize on corrective waves.

The specified "Mode" is "Corrective," suggesting that the market is currently exhibiting characteristics of a corrective wave. Corrective waves often involve price retracements or sideways movements, presenting opportunities for traders to anticipate potential trend resumptions.

The primary "Structure" under analysis is "C of Z," implying a corrective sub-wave within the larger Z wave of the Elliott Wave structure. This signals a detailed examination of the ongoing correction and its potential implications for the broader trend.

The designated "Position" is "Black wave B," indicating the specific wave position within the larger degree of the correction. This suggests a granular analysis of the sub-wave within the broader corrective structure.

The directional guidance for "Next Lower Degrees" is "Black wave C," suggesting an anticipation of the next downward wave within the larger corrective structure after the completion of the current wave (C of Z).

Regarding "Details," the analysis notes that "wave C of Z is in play," indicating that the current correction is unfolding as a C wave within the larger Z wave. This provides traders with insights into the specific structure of the ongoing correction.

In conclusion, the AUDJPY Elliott Wave Analysis on the daily chart for 4 December 23, suggests that the market is currently undergoing a corrective phase (C of Z), with a focus on the specific wave position (Black wave B) within this larger corrective structure. Traders are provided with directional guidance for the expected next wave (Black wave C) and key insights into the structure of the ongoing correction.

Technical Analyst : Malik Awais

 

 

81c03f1606a723c6258e24d1eeb46973

 

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

    • If XION delivers what is allocated to the contributors, eligible users will eat, but I heard airdrop will be on a 48-month linear, which sounds unnecessary long to me. I wasn't part of the early adopters, but I purchase a little on bitget premarket because from my research xion has a solid usecase and the total supply is 200m, which is very good. 
    • I recently discovered Magic Eden (ME), a multi-chain NFT marketplace that's redefining how we interact with NFTs and Web3. and i think is a good idea get into if you are familiar with NFTs, gaming, DAOs, or launchpads, this platform is worth checking out. Magic Eden isn’t just another marketplace; it’s designed to make NFT trading and creation simpler and more accessible for everyone. ME also offers incredible features like marketplace aggregation, which pulls NFT listings from various sources to ensure the best pricing and selection, and its Launchpad, which supports creators with everything from minting to marketing. Their commitment to innovation and security makes it a trusted choice for both creators and traders. There’s a great opportunity right now to get involved. ME’s pre-market trading is live, with the price currently at $3.61, up from $2.70 just four days ago. That’s an impressive return if you got in early! You can trade it on exchangers like Bitget before the official listing, giving you an early advantage. If you're looking to stay ahead in the NFT and crypto world, this is an opportunity worth exploring.
    • A while back, I read this quote: “Technology is best when it gets out of the way and lets us focus on what truly matters.” It stuck within me tbh, because truly in a world chasing shiny new gadgets, we often miss the point. how tech can evolve to meet our needs. That’s why I’ve been looking into adaptive AI projects, and $GAME recently caught my eye when I came across its most recent listing on bingx with a good price trend.  A few years ago, I worked on a logistics project using AI to optimize routes. It was fine, until the unexpected happened. The system couldn’t learn from past mistakes or adjust dynamically. Frustrating, right? Now, with projects like $GAME, the idea of AI that remembers, learns, and adapts feels like the future. It’s not just about solving problems in front of us but growing alongside us. Whether it’s in gaming, healthcare, or logistics, this kind of adaptive tech could change everything. It’s not about hyping $GAME, it’s about the broader idea of AI systems evolving instead of staying static. From all I’ve said you think we heading into a new era of tech that grows with us, or is this just another buzzword?
×
×
  • Create New...
us