Unlocking ASX Trading Success: V300AEQ ETF UNITS – VAS Stock Analysis & Elliott Wave Technical Forecast
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By tradinglounge · Posted
Swiss Market Index Elliott Wave Analysis Trading Lounge Day Chart Swiss Market Index Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: gray wave 2 POSITION: orange wave 3 DIRECTION NEXT HIGHER DEGREES: gray wave 3 DETAILS: Gray wave 1 has been completed, and now gray wave 2 is in play. Wave Cancel Invalid Level: 11,419.25 The Swiss Market Index (SMI) Elliott Wave Analysis for the daily chart indicates a counter-trend movement, suggesting that the market is currently undergoing a correction against the main trend. The mode of this movement is corrective, implying that this phase is a temporary retracement rather than a continuation of the larger trend. The structure being analyzed is gray wave 2, which follows the completion of gray wave 1. At this stage, the market is positioned in orange wave 3 within the overall corrective structure of gray wave 2. Gray wave 1 has already been completed, and now gray wave 2 is in progress. In Elliott Wave Theory, wave 2 typically corrects part of wave 1's movement, meaning the market is temporarily retracing some of the gains made during gray wave 1. This suggests that the current counter-trend phase is not expected to last indefinitely and that the larger trend will likely resume once gray wave 2 completes. The next higher-degree movement expected is gray wave 3, which should follow the completion of gray wave 2. Wave 3 is usually an impulsive wave, marking a strong and sustained move in the direction of the main trend. This indicates that after the current corrective phase, the market is likely to experience a more significant upward movement. A crucial invalidation level for this analysis is 11,419.25. If the market falls below this point, the current Elliott Wave analysis would be invalid, meaning that the counter-trend structure would no longer hold, and a new wave analysis would be needed. Monitoring this level is essential for traders. In summary, the SMI Elliott Wave Analysis shows a corrective counter-trend phase with gray wave 2 in progress. Traders should watch the invalidation level of 11,419.25 to determine if the corrective phase remains valid. Once gray wave 2 completes, gray wave 3 is expected to resume the primary trend. Swiss Market Index Elliott Wave Analysis Trading Lounge Weekly Chart Swiss Market Index Elliott Wave Technical Analysis FUNCTION: Bullish Trend MODE: Impulsive STRUCTURE: orange wave 3 POSITION: navy blue wave 3 DIRECTION NEXT HIGHER DEGREES: orange wave 3 (started) DETAILS: Orange wave 2 has been completed, and now orange wave 3 is in play. Wave Cancel Invalid Level: 11,419.25 The Swiss Market Index (SMI) Elliott Wave Analysis for the weekly chart shows a bullish trend, indicating strong upward momentum in the market. The current mode is impulsive, meaning the market is moving decisively in the direction of the trend. The structure being analyzed is orange wave 3, which is a key part of this ongoing bullish movement. The market is currently positioned in navy blue wave 3, within the larger framework of orange wave 3. Following the completion of orange wave 2, orange wave 3 has now begun. In Elliott Wave Theory, wave 3 is typically the most powerful and extended wave in an impulsive sequence, suggesting that the market is poised for significant upward movement as orange wave 3 progresses. This upward momentum is likely to continue as wave 3 tends to drive strong trends. The next anticipated movement will be a continuation of orange wave 3, as it has just started. Since wave 3 is generally a strong, trend-defining phase, further gains are expected before any corrective waves might occur. The invalidation level to watch is 11,419.25. If the market falls below this level, the current Elliott Wave analysis would be invalid, and a reassessment of the wave structure would be necessary. This level is critical for confirming the validity of the ongoing bullish trend. In summary, the SMI Elliott Wave Analysis for the weekly chart signals a strong bullish trend, with orange wave 3 leading the market higher. Traders should monitor the invalidation level of 11,419.25 closely, as staying above this level confirms the strength of the upward movement. The bullish momentum is expected to persist as orange wave 3 continues to unfold. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
EURUSD Elliott Wave Analysis Trading Lounge Day Chart Euro/ U.S. Dollar (EURUSD) Day Chart EURUSD Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Orange wave 2 POSITION: Navy blue wave 3 DIRECTION NEXT HIGHER DEGREES: Orange wave 3 DETAILS: Orange wave 1 appears completed, and now orange wave 2 is in play. Wave Cancel Invalid Level: 1.06678 The EURUSD Elliott Wave Analysis for the daily chart reveals a counter-trend phase, indicating that the market is moving against the dominant trend. This movement is classified as corrective, suggesting that the market is undergoing a temporary retracement. The current structure being analyzed is orange wave 2, which follows the completion of orange wave 1. The market is positioned in navy blue wave 3, while the corrective phase of orange wave 2 is currently unfolding. After orange wave 1, the corrective orange wave 2 has begun to develop. In Elliott Wave Theory, wave 2 is typically a retracement that moves against the initial wave 1, correcting part of the earlier upward or downward movement. This correction implies that the counter-trend phase is temporary and that the primary trend is likely to resume after orange wave 2 is complete. Following the completion of orange wave 2, the next anticipated movement is orange wave 3, which will likely be impulsive and mark a return to the primary trend. Wave 3 tends to be a strong and extended wave, suggesting a potential for significant market movement once the corrective phase ends. A key level to monitor is 1.06678, the wave cancel invalidation point. If the market moves below this level, the current Elliott Wave analysis would be invalid, and the structure would need to be reevaluated. This level helps determine whether the counter-trend correction remains valid or whether a new trend is emerging. Summary The EURUSD Elliott Wave Analysis indicates that the market is in a corrective phase with orange wave 2 in progress. Traders should watch the invalidation level of 1.06678 to confirm whether the correction continues. Once orange wave 2 completes, orange wave 3 is expected to bring a resumption of the primary trend. Euro/ U.S. Dollar (EURUSD) 4 Hour Chart EURUSD Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Orange wave 2 POSITION: Navy blue wave 3 DIRECTION NEXT HIGHER DEGREES: Orange wave 3 DETAILS: Orange wave 1 appears to be completed, and now orange wave 2 is in play. Wave Cancel Invalidation Level: 1.06678 The EURUSD Elliott Wave Analysis for the 4-hour chart indicates a counter-trend, suggesting a temporary movement against the prevailing trend. The mode of this movement is corrective, meaning the market is undergoing a retracement or correction. The current structure being analyzed is orange wave 2, which follows the completion of orange wave 1. The market is positioned in navy blue wave 3, within the larger framework of the corrective orange wave 2. After the completion of orange wave 1, the corrective phase of orange wave 2 has begun. In Elliott Wave Theory, wave 2 is typically a corrective wave that retraces part of wave 1’s movement before the trend resumes. This suggests that the current correction is temporary and that the market may soon return to the direction of the larger trend once orange wave 2 completes. The next expected movement is orange wave 3, which would signal a return to the larger trend direction following the completion of orange wave 2. As wave 3 tends to be a strong impulsive wave in the Elliott Wave sequence, it indicates that a significant movement could follow after the correction is over. An important level to monitor is 1.06678, which serves as the wave cancel invalidation point. If the market falls below this level, the current Elliott Wave analysis would be invalid, and the corrective structure would need to be reassessed. This level helps determine whether the counter-trend correction is still in play. Summary The EURUSD Elliott Wave Analysis suggests a corrective counter-trend phase with orange wave 2 in progress. Traders should watch the invalidation level of 1.06678 to confirm whether the correction remains valid. Once orange wave 2 completes, orange wave 3 is expected to drive the market back in the direction of the larger trend. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
ASX: V300AEQ ETF UNITS – VAS Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with V300AEQ ETF UNITS – VAS. We see that VAS may have finished wave 2-grey, and wave 3-grey is unfolding to push higher. ASX: V300AEQ ETF UNITS – VAS 1D Chart (Semilog Scale) Analysis Function: Major trend (Minor degree, grey) Mode: Motive Structure: Impulse Position: Wave (ii)-orange of Wave ((iii))-navy of Wave 3-grey Details: Wave (i)-orange has just completed, and wave (ii)-orange is unfolding to push lower, eventually wave (iii)-orange may return to push higher. Invalidation point: 98.39 ASX: V300AEQ ETF UNITS – VAS 4-Hour Chart Analysis Function: Major trend (Minute degree, navy) Mode: Motive Structure: Impulse Position: Wave (ii)-orange of Wave ((iii))-navy Details: In the shorter term, wave (i)-orange has completed the five-waves, and wave (ii)-orange is unfolding to push lower as a Zigzag. Finally wave (iii)-orange will return to its work and continue pushing higher. Invalidation point: 98.39 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: V300AEQ ETF UNITS – VAS 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!
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