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By tradinglounge · Posted
ASX: ASX LIMITED - ASX Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with ASX LIMITED - ASX . We have determined that wave 2-red has ended, and wave 3-red can be opened to push higher. ASX: ASX LIMITED - ASX Elliott Wave Technical Analysis ASX: ASX LIMITED - ASX 1D Chart (Semilog Scale) Analysis Function: Major (Minor degree, red) Mode: Motive Structure: Impulse Position: Wave (iii)-purple of Wave 3-red Details: Short-term outlook suggests that the 2-red wave has just concluded, and the 3-red wave may be ready to resume its upward movement. We are waiting for a smaller ABC Correction to have a good Long Trade Setup. Invalidation point: 61.71 ASX: ASX LIMITED - ASX Elliott Wave Technical Analysis TradingLounge (4- Hour Chart) ASX: ASX LIMITED - ASX Elliott Wave Technical Analysis ASX: ASX LIMITED - ASX 4-Hour Chart Analysis Function: Major trend (Minuette degree, purple) Mode: Motive Structure: Impulse Position: Wave ((1))-red of Wave (iii)-purple Details: The short-term outlook suggests that waves (i) and (ii)-purple have just completed, and wave (iii)-purple appears to be unfolding to push higher. Current price action indicates that wave ((1))-red is nearing completion, followed by wave ((2))-red opening up, retracing slightly lower, and then wave ((3))-red may be ready to resume its trajectory. Invalidation point: 62.66 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: ASX LIMITED - ASX 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, VeChain/ U.S. dollar(VETUSD) VETUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Flat Position: Wave ((C)) Direction Next higher Degrees: wave II of Impulse Wave Cancel invalid Level: 0.2100 Details: Wave II May is complete and the price increase again in Wave III VeChain/ U.S. dollar(VETUSD)Trading Strategy: The correction in Wave II appears to be complete at the 0.032 level and the price is resuming the upward trend. Therefore, looking for Opportunity to join the uptrend You may have to wait for confirmation. After the price rose above 0.0386 VeChain/ U.S. dollar(VETUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bullish Momentum. Elliott Wave Analysis TradingLounge H4 Chart, VeChain/ U.S. dollar(VETUSD) VETUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Flat Position: Wave ((C)) Direction Next higher Degrees: wave II of Impulse Wave Cancel invalid Level: 0.2100 Details: Wave II May is complete and the price increase again in Wave III VeChain/ U.S. dollar(VETUSD)Trading Strategy: The correction in Wave II appears to be complete at the 0.032 level and the price is resuming the upward trend. Therefore, looking for Opportunity to join the uptrend You may have to wait for confirmation. After the price rose above 0.0386 VeChain/ U.S. dollar(VETUSD)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 tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, VeChain/ U.S. dollar(VETUSD) VETUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Flat Position: Wave ((C)) Direction Next higher Degrees: wave II of Impulse Wave Cancel invalid Level: 0.2100 Details: Wave II May is complete and the price increase again in Wave III VeChain/ U.S. dollar(VETUSD)Trading Strategy: The correction in Wave II appears to be complete at the 0.032 level and the price is resuming the upward trend. Therefore, looking for Opportunity to join the uptrend You may have to wait for confirmation. After the price rose above 0.0386 VeChain/ U.S. dollar(VETUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bullish Momentum. Elliott Wave Analysis TradingLounge H4 Chart, VeChain/ U.S. dollar(VETUSD) VETUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Flat Position: Wave ((C)) Direction Next higher Degrees: wave II of Impulse Wave Cancel invalid Level: 0.2100 Details: Wave II May is complete and the price increase again in Wave III VeChain/ U.S. dollar(VETUSD)Trading Strategy: The correction in Wave II appears to be complete at the 0.032 level and the price is resuming the upward trend. Therefore, looking for Opportunity to join the uptrend You may have to wait for confirmation. After the price rose above 0.0386 VeChain/ U.S. dollar(VETUSD)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!
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