Jump to content

Stock Market Elliott Wave Analysis: Trading Strategies for S&P 500, NASDAQ 100, and Top Tech Stocks


Recommended Posts

Elliott Wave technical patterns and trading strategies for major stock indices like the S&P 500 (SPX) and NASDAQ 100 (NDX), along with leading tech stocks such as Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL), and Bitcoin (BTC).

Currently, these indices and stocks are in Wave 3 of (3) according to Elliott Wave Theory. Within this Minor Wave 3, individual stocks may exhibit different wave counts. The objective is to align these counts so they peak together during Minor Waves 3 and 4, setting the stage for a larger move in **Intermediate Wave (3). This synchronization aims to optimize swing trading opportunities for long positions.

Trading Strategy: Risk On

- Hold and Build Long Positions: Continue to maintain and add to your long positions in accordance with the wave counts and TradingLevels.
- Focus on Wave Counts: Use the Elliott Wave counts to fine-tune your entry and exit points for maximum profitability.

Upcoming Economic News
- Next Session: Anticipate the release of the Flash Manufacturing PMI and Flash Services PMI reports, which could impact market movements.

Discover expert Elliott Wave analysis and trading strategies for major indices like the S&P 500 (SPX) and NASDAQ 100 (NDX), along with leading tech stocks such as Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL), and Bitcoin (BTC). Learn how to capitalize on Wave 3 of (3) movements, align wave counts for optimal swing trading opportunities, and stay ahead of market shifts with upcoming economic indicators like the Flash Manufacturing PMI and Flash Services PMI reports. Continue to hold and build long positions, focusing on wave counts and TradingLevels to fine-tune your entry and exit points.

 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • ASX: COCHLEAR LIMITED – COH Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with COCHLEAR LIMITED - COH. We see COH likely to push higher with a ((5))-navy wave. ASX: COCHLEAR LIMITED - COH 1D Chart (Semilog Scale) Analysis Function: Major trend (Primary degree, navy) Mode: Motive Structure: Impulse Position: Wave ((5))-navy Details: Wave ((4))-navy has ended and wave ((5))-navy is unfolding to push higher, we will have a Long Trade Setup when I see the Major Level 300.00 becoming a tested support. I will analyze wave ((5))-navy in more detail on the 4H chart. Invalidation point: 272.75 ASX: COCHLEAR LIMITED - COH 4-Hour Chart Analysis Function: Major trend (Minute degree, navy) Mode: Motive Structure: Impulse Position: Wave (1)-orange of Wave ((5))-navy Details: Since the low at 272.75 wave (1)-orange is unfolding, and it has pushed quite high, so basically it can push a little higher, then wave (2)-orange will unfold to push lower, and finally wave (3)-orange will return to continue the role of pushing higher. The bullish view will remain valid for wave (1) while price must always stay above 286.92, otherwise pushing lower shows wave (2)-orange is unfolding. Invalidation point: 272.75 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: COCHLEAR LIMITED - COH 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! Tag: #ASX #COCHLEARLIMITED #COH #ElliottWave #StockMarket #TradingStrategy #COHStock #ASXStocks #StockForecast #TechnicalAnalysis #ElliottWaveAnalysis #COHPriceTarget #StockTrading #StockTrends #ASXInvesting #StockMarketAnalysis #ASXPrediction #WaveCount #TrianglePattern #StockPriceForecast #TradingLounge  
    • Elliott Wave Analysis TradingLounge Daily Chart, Bitcoin/ U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Double Corrective position: Wave ((Y)) Direction Next higher Degrees: wave IV Wave Cancel invalid level: Details: The decline of wave IV is likely to end and the price is re-entering the uptrend. Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: It looks like the wave IV correction is complete and the price is still likely to move up. Look for an opportunity to join the wave V uptrend. Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bearish Momentum. Bitcoin/ U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Double Corrective position: Wave ((Y)) Direction Next higher Degrees: wave (2) Wave Cancel invalid level: Details: Wave (2) is likely to end and the price is re-entering the uptrend. Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: It looks like the wave (2) correction is complete and the price is still likely to move up. Look for an opportunity to join the wave (3) uptrend. Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bearish Momentum. Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here!  
    • Hi again, Finally is even IG Europe integrated with TradingView! Thank you @IG.  Is there any way to change between live and demo account?
×
×
  • Create New...
us