AUD/USD aims for continued recovery amid RBA meeting anticipation
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Memecoin history wouldn’t be complete without mentioning DOGE and it’s expansion that has culminated in the introduction of several memecoins that we know today. If there are still opportunities to be tapped in the saturated meme space, many would expect DOGE's sister, NEIRO to continue in the former’s legacy. Owned by the same woman that once adopted Kabosu (the dog behind DOGE), NEIRO has a strong commitment to charity. NEIRO already captured the attention of Ethereum (its network) co- founder, Vitalik Buterin who confirmed his donation to an animal welfare fund in line with NEIRO mission. With NEIRO enjoying similar admiration and attention as her brother DOGE and now available on Bitget, the stage looks set for its growth. -
By tradinglounge · Posted
HINDALCO INDUSTRIES – HINDALCO (1D Chart) Elliott Wave Technical Analysis Function: Larger Degree Trend Higher (Intermediate degree, orange.) Mode: Motive Structure: Impulse Position: Minor Wave 5 Grey Details: Minor Wave 5 Grey progressing higher within Intermediate Wave (5) against 595. No change. Invalidation point: 595-600 Hindalco Industries Daily Chart Technical Analysis and potential Elliott Wave Counts: Hindalco Industries daily chart indicates the stock is potentially pushing higher to terminate Minor Wave 5 Grey and subsequently Intermediate Wave (5) Orange above 720 mark. Alternatively, Wave 5 completed truncated around 715. The stock has been rallying within Intermediate Wave (5) Orange since June 2022, after printing lows around 310, Wave (4) termination. Minor Waves 1 through 3 look complete with third of third wave extended. Minor Wave 4 terminated as a flat just above 595 mark and the final wave is progressing higher now. If the above proposed structure is correct, prices should stay above 595 and continue pushing higher, going forward. A break lower would suggest re-look at the counts. HINDALCO INDUSTRIES – HINDALCO (4H Chart) Elliott Wave / Technical Analysis: Function: Larger Degree Trend Higher (Intermediate degree, orange.) Mode: Motive Structure: Impulse Position: Minor Wave 5 Grey Details: Minor Wave 5 Grey progressing higher within Intermediate Wave (5) against 595. Alternatively, Wave 5 terminated around 715, truncated. Invalidation point: 595-600 Hindalco Industries 4H Chart Technical Analysis and potential Elliott Wave Counts: Hindalco Industries 4H chart highlights sub waves within Minute Wave ((v)) of Minor Wave 3 Grey and further. Minor Wave 4 Grey could be marked as a running flat complete above 600 mark. If correct, Minor Wave 5 is underway with Minute Waves ((i)) and ((ii)) potentially complete. Conclusion: Hindalco Industries is progressing higher within Minute Wave ((iii)) of Minor Wave 5 Grey against 595 mark. Elliott Wave Analyst: Harsh Japee Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
NFLX Elliott Wave Analysis Trading Lounge Daily Chart, Netflix Inc., (NFLX) Daily Chart NFLX Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave 3 DIRECTION: Upside in wave 3. DETAILS: Looking for a bottom in wave 2 in place, with upside within wave 3 of (5Looking for a bottom in wave 2 in place, with upside within wave 3 of (5) with minimum target TL8 at 800$. ) with minimum target TL8 at 800$. Netflix Inc., (NFLX) 1H Chart NFLX Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {i} of 3. DIRECTION: Upside in wave 3. DETAILS: We seem to have bottom in wave 2 and are resuming higher. It looks like we could be in either wave ii of (iii) or else we could be in wave (iv) of {i} as a leading diagonal. In this Elliott Wave analysis of Netflix Inc. (NFLX), we analyze its recent price action using Elliott Wave Theory to provide traders with insights into potential opportunities. Both the daily and 1-hour charts offer a detailed view of NFLX’s trend and wave structure. * NFLX Elliott Wave Technical Analysis – Daily Chart* In the daily chart, Netflix is in a clear impulsive mode, advancing within Wave 3 of (5). The stock has likely completed its Wave 2 correction and is now entering Wave 3, which typically represents the strongest and most extended move in an impulsive structure. The immediate upside target for this Wave 3 is TradingLevel8 (TL8) at $800, a significant psychological and technical level. * NFLX Elliott Wave Technical Analysis – 1H Chart* The wave structure shows that NFLX is likely in the early stages of a new impulsive phase, either completing a small correction before moving higher or advancing within a larger impulsive wave. Confirmation of a continued rally within Wave {i} of 3 would solidify the bullish outlook, with near-term resistance levels offering potential breakout points. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here!
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