Unlocking ASX Trading Success: V300AEQ ETF UNITS – VAS Stock Analysis & Elliott Wave Technical Forecast
-
-
Posts
-
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! -
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: Double Corrective Position: Wave ((Y)) Direction Next higher Degrees: wave II of Impulse Wave Cancel invalid Level: Details: Wave II may not be complete, price is likely to be below 0.01781. VeChain/ U.S. dollar(VETUSD)Trading Strategy: The rise from 0.01904 has a corrective nature, so there is a possibility that the correction is not over yet, watch out for a retracement below 0.01904. VeChain/ U.S. dollar(VETUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum. VeChain/ U.S. dollar(VETUSD) 4h chart VETUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Double Corrective Position: Wave ((Y)) Direction Next higher Degrees: wave II of Impulse Wave Cancel invalid Level: Details: Wave II may not be complete, price is likely to be below 0.01781. VeChain/ U.S. dollar(VETUSD)Trading Strategy: The rise from 0.01904 has a corrective nature, so there is a possibility that the correction is not over yet, watch out for a retracement below 0.01904. VeChain/ U.S. dollar(VETUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum. Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here!
-
Recommended Posts
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 accountSign in
Already have an account? Sign in here.
Sign In Now