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By tradinglounge · Posted
DAX (Germany) Elliott Wave Technical Analysis - Daily Chart Trend Analysis Function: Trend Mode: Impulsive Structure: Orange wave 5 Position: Navy blue wave 3 Direction Next Higher Degrees: Orange wave 5 (started) Current Wave Analysis Details: Orange wave 4 of navy blue wave 3 appears completed. Now, orange wave 5 of navy blue wave 3 is in play. Wave Cancel Invalid Level: 16997.96 Analysis Overview The DAX (Germany) Elliott Wave Analysis on the daily chart provides an in-depth technical view of the market trend. This analysis identifies a clear trend direction, categorized as impulsive, indicating strong, directional movements with minimal corrections. Wave Structure The current wave under analysis is orange wave 5, a part of the larger wave sequence within navy blue wave 3. This suggests it is a sub-wave within a broader impulsive movement. Next Higher Degree Direction The analysis indicates that orange wave 5 has started, signifying that the larger wave pattern is in the final stages of its current sequence and is moving towards the completion of this impulsive phase. Wave Details Completion: Orange wave 4 of navy blue wave 3 seems completed. Current Activity: Orange wave 5 of navy blue wave 3 is now active, indicating an ongoing upward movement in this final sub-wave. Critical Levels Wave Cancel Invalid Level: 16997.96 This level is critical as it invalidates the current wave structure if surpassed, necessitating re-evaluation and potential re-labeling of the wave counts. Summary The DAX (Germany) is currently in an impulsive trend mode on the daily chart, specifically within orange wave 5 of navy blue wave 3. With orange wave 4 completed, orange wave 5 of 3 is now active. The wave cancel invalid level at 16997.96 is a crucial threshold for maintaining the validity of this wave analysis. This analysis underscores the ongoing impulsive phase and the potential for a corrective phase once the current wave completes. DAX (Germany) Elliott Wave Technical Analysis - Weekly Chart Trend Analysis Function: Trend Mode: Impulsive Structure: Orange wave 5 Position: Navy blue wave 3 Direction Next Lower Degrees: Navy blue wave 4 Current Wave Analysis Details: Orange wave 4 of navy blue wave 3 appears completed. Now, orange wave 5 of navy blue wave 3 is in play. Wave Cancel Invalid Level: 16997.96 Analysis Overview The DAX (Germany) Elliott Wave Analysis on the weekly chart examines the market trend, identifying it as a persistent directional movement. The trend is impulsive, signifying strong, directional momentum with minimal corrective phases. Wave Structure The current wave under analysis is orange wave 5, a part of the broader wave pattern within navy blue wave 3, indicating it is part of a larger impulsive wave sequence. Next Lower Degree Direction The analysis points to navy blue wave 4 as the next wave direction, suggesting that after orange wave 5 concludes, the market will transition into navy blue wave 4, typically involving a corrective phase. Wave Details Completion: Orange wave 4 of navy blue wave 3 seems completed. Current Activity: Orange wave 5 of navy blue wave 3 is now active, indicating an ongoing upward movement in this final sub-wave. Critical Levels Wave Cancel Invalid Level: 16997.96 This level is crucial as it invalidates the current wave structure if surpassed, requiring re-evaluation and potential re-labeling of the wave counts. Summary The DAX (Germany) is in an impulsive trend mode on the weekly chart, currently in orange wave 5 of navy blue wave 3. With orange wave 4 completed, orange wave 5 of 3 is now active. The wave cancel invalid level at 16997.96 is a critical threshold for maintaining the validity of this wave analysis. This analysis underscores the ongoing impulsive phase and the potential for a corrective phase once the current wave completes. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
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By tradinglounge · Posted
NZDUSD Elliott Wave Analysis Trading Lounge Day Chart New Zealand Dollar/U.S. Dollar (NZDUSD) Day Chart NZDUSD Elliott Wave Technical Analysis Function: Trend Mode: Corrective Structure: Orange Wave 2 Position: Navy Blue Wave 1 Next Lower Degree Direction: Orange Wave 3 Details: Orange Wave 1 is completed. Orange Wave 2 of Navy Blue Wave 1 is nearing its end. Wave Cancel Invalid Level: 0.62229 The NZDUSD on the day chart is analyzed using Elliott Wave Theory. The analysis shows a trend, indicating an expected general movement in either an upward or downward direction over the period observed. Currently, the trend is in a corrective mode, suggesting temporary pullbacks or adjustments against the larger trend direction. The primary focus is on Orange Wave 2, which represents a retracement or consolidation phase within the broader wave sequence. The market is positioned in Navy Blue Wave 1, marking the initial move of a new wave sequence. The next lower degree direction is Orange Wave 3, which will commence following the completion of the ongoing corrective phase. Detailed analysis indicates that Orange Wave 1 is now completed. Orange Wave 2 of Navy Blue Wave 1 is currently active, representing a corrective move before the next impulsive wave begins. Orange Wave 2 is nearing its end, signaling an imminent transition to Orange Wave 3. The wave cancel invalid level is set at 0.62229. This critical threshold acts as a safeguard for the current wave count; if the market surpasses this point, the present wave structure would be invalidated, requiring a re-evaluation of the analysis. Summary The NZDUSD on the day chart is in a corrective phase within Orange Wave 2 of Navy Blue Wave 1. With Orange Wave 1 completed, Orange Wave 2 is nearing its conclusion, setting the stage for the subsequent impulsive phase, Orange Wave 3. The wave cancel invalid level is set at 0.62229, beyond which the current wave count would be reconsidered. NZDUSD Elliott Wave Analysis Trading Lounge 4 Hour Chart New Zealand Dollar/U.S. Dollar (NZDUSD) 4 Hour Chart NZDUSD Elliott Wave Technical Analysis Function: Trend Mode: Corrective Structure: Orange Wave 2 Position: Navy Blue Wave 1 Next Lower Degree Direction: Orange Wave 3 Details: Orange Wave 1 is completed. Orange Wave 2 of Navy Blue Wave 1 is nearing its end. Wave Cancel Invalid Level: 0.62229 The NZDUSD is analyzed using Elliott Wave Theory on the 4-hour chart. This analysis indicates a trend, suggesting an expected general movement in an upward or downward direction over the observed period. Currently, the trend is in a corrective mode, indicating temporary pullbacks or adjustments against the larger trend direction. The focus is on Orange Wave 2, representing a retracement or consolidation phase within the broader wave sequence. The market is positioned in Navy Blue Wave 1, marking the initial move of a new wave sequence. The next lower degree direction is Orange Wave 3, which will commence following the completion of the ongoing corrective phase. Detailed analysis reveals that Orange Wave 1 is now completed. Orange Wave 2 of Navy Blue Wave 1 is currently active, representing a corrective move before the next impulsive wave begins. Orange Wave 2 is nearing its end, signaling an imminent transition to Orange Wave 3. The wave cancel invalid level is set at 0.62229. This critical threshold acts as a safeguard for the current wave count; if the market surpasses this point, the present wave structure would be invalidated, requiring a re-evaluation of the analysis. Summary The NZDUSD on the 4-hour chart is in a corrective phase within Orange Wave 2 of Navy Blue Wave 1. With Orange Wave 1 completed, Orange Wave 2 is nearing its conclusion, setting the stage for the subsequent impulsive phase, Orange Wave 3. The wave cancel invalid level is set at 0.62229, beyond which the current wave count would be reconsidered. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!
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