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By tradinglounge · Posted
ASX: CSL LIMITED - CSLElliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with CSL LIMITED - CSL. We see bullish potential with wave iii-grey, but need to wait a bit until wave ii-grey ends. ASX: CSL LIMITED - CSL1D Chart (Semilog Scale) Analysis Function: Major trend (Minute degree, navy) Mode: Motive Structure: Impulse Position: Wave i-grey of Wave (iii)-orange of Wave ((iii))-navy Details: The 1D chart shows things more clearly than the 1W chart. So, wave (ii)-orange may have ended, and wave (iii)-orange is starting to push higher. I will look for a Long Trade Setup when the Major Level 100.00 becomes tested support. Invalidation point: 283.35 ASX: CSL LIMITED - CSL4-Hour Chart Analysis Function: Major trend (Minute degree, navy) Mode: Motive Structure: Impulse Position: Wave ((4))-navy of wave i-grey of Wave (iii)-orange. Details: Looking closer from the low at 283.85, I see a five-wave pushing higher, perhaps as we are in wave ((4))-navy, and then we move higher with wave ((5))-navy, and that will complete the entire i-grey wave. Then wave ii-grey pushes lower, and we will Go Long when the Major Level 300.00 becomes tested support by price staying above it afterwards. Invalidation point: 283.85 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: CSL LIMITED - CSLaim 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! Tags: #CSLLIMITED #CSL #ElliottWave #TradingLounge #ASX #ASXStocks #ASX200 -
By tradinglounge · Posted
Elliott Wave Analysis TradingLounge ChainLink/ U.S. dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Triple Corrective Position: Wave Z Direction Next higher Degrees: Wave ((II)) of Impulse Wave Cancel invalid Level: Details:: Wave (II) is likely to retest at 6.882 ChainLink/ U.S. dollar(LINKUSD)Trading Strategy: The correction in wave ((2)) seems to be not over yet, so we focus on the decline in wave ((2)). It is likely to go down to test the 6.882 level, but all this is a short-term pullback, look for a resumption of the trend. ChainLink/ U.S. dollar(LINKUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bullish Momentum. ChainLink/ U.S. dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Triple Corrective Position: Wave Z Direction Next higher Degrees: Wave ((II)) of Impulse Wave Cancel invalid Level: Details:: Wave (II) is likely to retest at 6.882 ChainLink/ U.S. dollar(LINKUSD)Trading Strategy: The correction in wave ((2)) seems to be not over yet, so we focus on the decline in wave ((2)). It is likely to go down to test the 6.882 level, but all this is a short-term pullback, look for a resumption of the trend. ChainLink/ U.S. dollar(LINKUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bullish Momentum. Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here! -
By NeverSummer · Posted
I am also new to this platform. I also have a question related to spread betting for UK tax. IG always specifically mention spread betting is exempt from capital gain tax and stamp duty but never mention income tax. Does anyone know for sure if the profits and losses in spread betting need to be reported as income? If so, should it be the net P&L for positions that are closed within the tax year?
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