Exxon Mobil Corp.(XOM) Daily Chart Elliott Wave Technical Analysis 5 February 24
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By tradinglounge · Posted
Elliott Wave Analysis and Forecasts S&P 500 (SPX): Wave (v) of iii) of 5 of (5) of 3) The S&P 500 is advancing through Wave (v) of iii) of 5 of (5) of 3. This progression suggests a strong bullish impulse, indicating potential for further upside. Traders should watch for completion of this wave to capitalize on momentum. NASDAQ 100 (NDX): Wave (iii) of iii) of 5 of (5) of 3) The NASDAQ 100 is currently in Wave (iii) of iii) of 5 of (5) of 3, often the most powerful wave in Elliott Wave theory. Expect accelerated growth, making it an opportune time for momentum trading strategies. Russell 2000 (RUT) IWM ETF: Wave iv) of 5 of (3) For the Russell 2000, we're observing Wave iv) of 5 of (3). This corrective wave offers a potential entry point before the final upward impulse in Wave v) commences. DAX 40 (DAX): Wave (v) of iii) of 3 The DAX 40 is completing Wave (v) of iii) of 3, indicating the end of a significant impulse phase. Prepare for a possible short-term correction before the next bullish movement unfolds. FTSE 100 (UKX): Wave 4 Correction The FTSE 100 is undergoing a Wave 4 correction. This consolidation phase can present buying opportunities ahead of the impending Wave 5 rally. S&P/ASX 200 (XJO): Wave v of (v) of iii) of 5 Australia's ASX 200 is moving through Wave v of (v) of iii) of 5, suggesting sustained upward momentum. This wave structure supports continued bullish strategies. Trading Strategies Buy the Dip: Utilize the expected Wave Four corrections on Thursday to enter long positions at favorable prices. Momentum Trading: Leverage the strong impulse waves, especially in the NASDAQ 100, to ride the bullish trend. Risk Management: Set strategic stop-loss orders below key support levels to protect against unexpected market reversals. Conclusion The Elliott Wave patterns across these major indices indicate that the current uptrend is not yet complete, with new highs on the horizon. By aligning your trading strategies with these technical insights, you can optimize your positions for the anticipated market movements. Video Chapters Comprehensive Elliott Wave analysis 00:00 SP 500 (SPX) 17:00 NASDAQ 100 (NDX) 21:20 Russell 2000 (RUT) IWM ETF 22:20 DAX 40 (DAX) 24:22 FTSE 100 UKX (UK100) 27:56 S&P/ASX 200 (XJO) 35:39 End Analyst Peter Mathers TradingLounge Source: tradinglounge com -
TRON ($TRX) is on fire after hitting a new all-time high ATH, and there’s an exciting opportunity for traders to earn more; By tomorrow 5th December, 6 PM (UTC+8): All you just need to do is predict TRX’s price, Trade $TRX on BingX and the 20 closest predictions win a TRX airdrop. Crypto trading just got even more rewarding. Are you keeping up with $TRX’s rise? #CryptoTrading #TRON #TRXAirdrop #BingXEvents #CryptoCommunity -
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.
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