Bitcoin on the move 15 min chart after a pause will it break high before end of weekend?
By
Guest 121,
in Cryptocurrency and Blockchain
-
-
Posts
-
By tradinglounge · Posted
ABBV Elliott Wave Analysis Trading Lounge Daily Chart, Abbie Inc., (ABBV) Daily Chart ABBV Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minor 3. DIRECTION: Upside into wave {v} of 3. DETAILS: Looking for upside into wave {v} as we are trading within the parallel channel where we could eventually seek for support within wave {iv}. ABBV Elliott Wave Analysis Trading Lounge 1H Chart, Abbie Inc., (ABBV) 1H Chart ABBV Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {iv} of 3. DIRECTION: Bottom in wave {iv}. DETAILS: Looking for a potential complex correction in wave {iv}, as labelled on the chart. Alternatively we could look for a potential triangle in the making. This Elliott Wave analysis for AbbVie Inc. (ABBV), breaks down the stock’s current price action using Elliott Wave Theory, providing traders with insights into possible opportunities. We’ll explore both the daily and 1-hour charts for a more comprehensive outlook. * ABBV Elliott Wave Technical Analysis – Daily Chart* On the daily chart, AbbVie is progressing through an impulsive trend, currently within Minor Wave 3. The stock is advancing into Wave {v} of 3, with a clear upside direction in play. ABBV is trading within a parallel channel, a typical feature in motive waves, providing guidance for potential support and resistance levels. * ABBV Elliott Wave Technical Analysis – 1H Chart* On the 1-hour chart, ABBV appears to be in Wave {iv} of 3, potentially nearing the end of a corrective phase. The current structure suggests a complex correction within Wave {iv}, which could involve more intricate corrective patterns such as a zigzag or a flat. Alternatively, there’s a possibility of a triangle pattern forming within this wave, a common structure in fourth waves. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
Wheat Elliott Wave Analysis Wheat is currently experiencing a pullback after the rallies seen in August and early September. Since hitting a low in July 2024, the commodity has rallied over 11%. While this corrective bounce may persist for a while, the overarching trend remains bearish, indicating a potential continuation of the sell-off later in the year. Daily Chart Analysis Analyzing the daily chart, we observe that the bearish trend is completing an impulse sequence that started from the peak in March 2022, when prices reached 1364. It appears that the bearish impulse structure is nearing its conclusion. Specifically, the fifth wave—designated as wave 5 (circled) of the primary degree—is forming an ending diagonal structure. This diagonal is part of wave (5), which is expected to consist of three sub-waves. Currently, wave (5) is in its second phase—wave B—reflecting the recent bounce from July's low. Once this structure is completed, a further decline is anticipated for the final leg, known as wave C of (5). Following the completion of wave (5), prices are expected to retrace the entire decline that began from 1366, a process that may unfold over several months. H4 Chart Analysis On the H4 chart, we focus on the ongoing bounce from July 2024, identified as wave B of (5). It appears that a double zigzag structure has formed, potentially marking wave w (circled) of B or signaling the completion of wave B itself. If the current dip from September 13 holds above the key support level of 550-561, we may see an upward extension for wave B. Conversely, should the current bearish movement prove impulsive and break below 550, we would interpret wave B as having already concluded, paving the way for a downward trend in wave C of (5). This scenario emphasizes the importance of closely monitoring these critical support levels to gauge the future direction of wheat prices. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
SBI LIFE INSURANCE CO – SBILIFE (1D Chart) Elliott Wave Technical Analysis Function: Larger Degree Trend Higher (Intermediate degree, orange) Mode: Motive Structure: Impulse Position: Minute Wave ((v)) Navy Details: Minute Wave ((v)) looks complete around 1940 or could be soon terminating within Minor Wave 5 Grey of Intermediate Wave (5) Orange. Traders are advised to book profits here as prices have turned lower. Invalidation point: 1667. SBI Life Insurance Co Daily Chart Technical Analysis and potential Elliott Wave Counts: SBI Life Insurance Co daily chart indicates a progressive impulse wave higher between March 2023 and now as prices hit 1935-40 highs. Probability remains high for the fifth to have terminated at multiple degrees here. If correct, expect a larger degree corrective wave to begin soon against 1940. The stock terminated Intermediate Wave (4) Orange around 1060-65 range in March 2023. Since then, prices have rallied through 1935-40 highs, sub dividing into five waves. Please note that Minute Wave ((v)) of Minor Wave 5 Grey could be complete or near to completion around 1960-65. The fibonacci 0.618 extension of Wave 1 through 3 was missed by a small margin and bulls could attempt another push through. Alternatively, a slip through 1667 would confirm a top is in place and bears are back in control. SBI LIFE INSURANCE CO – SBILIFE (4H Chart) Elliott Wave Technical Analysis Function: Larger Degree Trend Higher (Intermediate degree, orange) Mode: Motive Structure: Impulse Position: Minute Wave ((v)) Navy Details: Minute Wave ((v)) looks complete around 1940 or could be soon terminating within Minor Wave 5 Grey of Intermediate Wave (5) Orange. The sub waves within Wave ((v)) are not clear yet and prices could print a shallow high through 1960 before reversing. Invalidation point: 1667. SBI Life Insurance Co 4H Chart Technical Analysis and potential Elliott Wave Counts: SBI Life Insurance Co 4H chart highlight sub waves after Minor Wave 4 Grey completed around 1311 on June 04, 2024 alongside most stocks. Minute Wave ((iii)) was extended and Wave ((iv)) a flat. The sub waves with Minute Wave ((v)) are not very clear and possibility remain for a re-test of 1940. The key level is 1667 though. Conclusion: SBI Life Insurance Co might have completed its Intermediate Wave (5) Orange around 1935-40 range or could be near to termination. A break below 1667 will confirm. Elliott Wave Analyst: Harsh Japee Source : Tradinglounge.com get trial here!
-
Recommended Posts
Archived
This topic is now archived and is closed to further replies.