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10/06/21 12:53
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By tradinglounge · Posted
Analog Devices Inc., Elliott Wave Technical Analysis Analog Devices Inc., (ADI:NASDAQ): Daily Chart, 9 June 23, ADI Stock Market Analysis: We were tracking the possibility of wave 2 to be complete as we had a clear three wave move into wave 2. We are starting to resume higher as we are looking for place longs on the way up. ADI Elliott Wave Count: Wave {i} of 3. ADI Technical Indicators: 20EMA as support. ADI Trading Strategy: Looking for upside, we need to break wave 1 in a five wave manner to have additional confirmation. TradingLounge Analyst: Alessio Barretta Source : Tradinglounge.com get trial here! Analog Devices Inc., ADI: 4-hour Chart, 9 June 23 Analog Devices Inc., Elliott Wave Technical Analysis ADI Stock Market Analysis: Looking for further upside as we potentially complete wave (i) and (ii) with the red line acting as invalidation level. We broke the top of (i) as we seem to be in wave iv of some degree. ADI Elliott Wave count: Wave (iii) of {i}. ADI Technical Indicators: Above all averages. ADI Trading Strategy: Looking for five waves up into wave (iii). -
By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, 9 June 23, Ripple/U.S.dollar(XRPUSD) XRPUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave 5 Direction Next higher Degrees: wave (1) of Motive Details: Wave 5 is usually equal to .618 multiplied Length of wave 1 through wave 3 Wave Cancel invalid level: 0.41001 Ripple/U.S.dollar(XRPUSD)Trading Strategy: Ripple is still in an uptrend. But it was in a phase of correction in wave 4 before rising again in wave 5, in line with price being above the MA200 line, showing a strong uptrend. But even so, we need more information to identify wave 4 patterns to determine readiness for rising wave 5, wait for wave 4 to finish. Ripple/U.S.dollar(XRPUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator has a Bullish momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 9 June 23, Ripple/U.S.dollar(XRPUSD) XRPUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave 5 Direction Next higher Degrees: wave (1) of Motive Details: Wave 5 is usually equal to .618 multiplied Length of wave 1 through wave 3 Wave Cancel invalid level: 0.41001 Ripple/U.S.dollar(XRPUSD)Trading Strategy: Ripple is still in an uptrend. But it was in a phase of correction in wave 4 before rising again in wave 5, in line with price being above the MA200 line, showing a strong uptrend. But even so, we need more information to identify wave 4 patterns to determine readiness for rising wave 5, wait for wave 4 to finish. Ripple/U.S.dollar(XRPUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator has a Bullish momentum. -
This is a great answer... Oddly, this is the process i went through and "Trailing" wasn't an option. After looking again, it is now there and working. Thank you.
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