U.S. Dollar / Swiss Franc (USDCHF) Forex Elliott Wave Technical Analysis
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By tradinglounge · Posted
SMCI Elliott Wave Analysis Trading Lounge Daily Chart, SuperMicro Computers Inc., (SMCI) Daily Chart SMCI Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Intermediate (4) DIRECTION: Bottom in wave (4). DETAILS: We are exploring the possibility of a bottom in wave (4) which ended with an ending diagonal in wave C of (4). SuperMicro Computers Inc., (SMCI) 1H Chart SMCI Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave (i) of {i} DIRECTION: Upside in wave (i). DETAILS: Here we are looking at what appears to be a nice five wave subdivision within wave (i) where we currently seem to be in the final stages of a triangle in wave iv. This analysis focuses on the current trend structure of SuperMicro Computers Inc., (SMCI) utilizing the Elliott Wave Theory on both the daily and 1-hour charts. Below is a breakdown of the stock's position and potential future movements. * SMCI Elliott Wave Technical Analysis – Daily Chart* On the daily chart, SMCI appears to have completed a corrective Intermediate wave (4), which ended with an ending diagonal in wave C of (4). This suggests that the correction phase is likely nearing completion, and we may now see the beginning of a bullish move as wave (5) starts to unfold. * SMCI Elliott Wave Technical Analysis – 1H Chart* On the 1-hour chart, SMCI is progressing through wave (i) of {i}, and we can observe a well-structured five-wave subdivision within this initial impulsive wave. Currently, the stock is in the final stages of a triangle formation in wave iv, suggesting that the next move could be the breakout to complete wave (v) of (i), pushing prices higher. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
Swiss Market Index Elliott Wave Analysis Trading Lounge Day Chart Swiss Market Index Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Gray wave 3 POSITION: Orange wave 3 DIRECTION NEXT HIGHER DEGREES: Gray wave 3 (started) DETAILS: Gray wave 2 has been completed, and gray wave 3 is now in play. Wave Cancel invalid level: 11,419.25 The Swiss Market Index (SMI) Elliott Wave analysis for the daily chart indicates that the market is experiencing a bullish trend with an impulsive wave structure. The current analysis focuses on gray wave 3, which is advancing within the broader trend. The market is in the middle of orange wave 3, forming part of the ongoing gray wave 3. Previously, gray wave 2 was completed, and attention is now on the continued progress of gray wave 3. The impulsive nature of this wave signals strong upward momentum, with further gains anticipated as the wave unfolds. Impulsive waves like this are typically associated with significant and sustained price movements in the direction of the prevailing trend. The invalidation level for this wave structure is set at 11,419.25. If the price falls below this level, the current Elliott Wave count will be invalidated, necessitating a reassessment of the wave structure. However, as long as the price remains above this invalidation level, gray wave 3 is expected to continue pushing the market higher. Summary: The Swiss Market Index is currently in the midst of a strong upward trend, with gray wave 3 progressing. The completion of gray wave 2 has laid the groundwork for further gains, as orange wave 3 unfolds within the larger wave structure. The next significant phase involves the continuation of gray wave 3, with the key invalidation level to monitor set at 11,419.25, below which the wave count would need to be reconsidered. 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 completed, and now orange wave 3 is in play. Wave Cancel invalid level: 11,419.25 The Swiss Market Index (SMI) weekly chart Elliott Wave analysis highlights a bullish trend, following an impulsive wave structure. The primary focus is on the ongoing orange wave 3, which is currently pushing the market higher within the broader trend framework. This suggests a continuation of the upward movement in line with the long-term bullish outlook. Previously, orange wave 2 was completed, and the market is now advancing through orange wave 3. The impulsive nature of this wave signals strong momentum, suggesting that the bullish trend is set to continue. This is a pivotal phase in the Elliott Wave cycle, during which substantial upward price movements are expected. The analysis also identifies that the market is positioned within navy blue wave 3, which is part of the overall wave structure, pointing towards further advances. The next focus is the continuation of orange wave 3, which has already started and is expected to push the market even higher as it unfolds. The invalidation level for this wave structure is set at 11,419.25. If the market drops below this level, the current wave count would be invalidated, requiring a reassessment of the analysis. However, as long as the price remains above this key level, the bullish outlook is likely to hold, with further upward movement anticipated in line with orange wave 3. Summary: The Swiss Market Index is currently in the midst of a strong bullish trend, driven by orange wave 3. Orange wave 2 has completed, and the continuation of the upward movement in orange wave 3 is now underway. The critical level to monitor is 11,419.25, as a drop below this point would invalidate the current Elliott Wave structure. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
USDCHF Elliott Wave Analysis Trading Lounge Day Chart, U.S. Dollar / Swiss Franc (USDCHF) Day Chart USDCHF Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Orange wave 1 POSITION: Navy blue wave 1 DIRECTION NEXT LOWER DEGREES: Orange wave 2 DETAILS: Orange wave 1 of navy blue wave 1 is still active, forming as a leading diagonal, and is nearing its completion. Wave Cancel invalid level: 0.83765 The USDCHF Elliott Wave analysis for the daily chart points to a bullish trend, characterized by an impulsive wave structure. The focus is on orange wave 1, which is a part of the larger navy blue wave 1. At present, orange wave 1 of navy blue wave 1 remains active and is developing into a leading diagonal pattern. This pattern suggests that the market is in the early stages of an upward trend, with the leading diagonal approaching its completion. The impulsive behavior of orange wave 1 reflects strong upward momentum in the market, which is typically seen at the beginning of a broader trend. As orange wave 1 nears its completion, the next anticipated movement is expected to be a corrective phase, unfolding as orange wave 2. This correction would likely bring a temporary pullback in price, offering the market an opportunity to consolidate before continuing its upward trajectory with subsequent waves. The invalidation level for this wave structure is marked at 0.83765. If the price drops below this level, the current Elliott Wave count will be invalidated, necessitating a re-evaluation of the overall trend. However, as long as the price remains above this threshold, the impulsive wave structure will stay valid, with orange wave 1 expected to conclude soon and orange wave 2 to follow. Summary: The USDCHF pair is in the early phase of an impulsive upward trend, with orange wave 1 of navy blue wave 1 still in progress. The wave is forming as a leading diagonal and is approaching its end. The next movement is likely a correction through orange wave 2. The invalidation level to monitor is 0.83765, as a breach of this level would call for a re-assessment of the wave structure. USDCHF Elliott Wave Analysis Trading Lounge 4 Hour Chart, U.S. Dollar / Swiss Franc (USDCHF) 4 Hour Chart USDCHF Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Orange wave 1 POSITION: Navy blue wave 1 DIRECTION NEXT LOWER DEGREES: Orange wave 2 DETAILS: Orange wave 1 of navy blue wave 1 is still developing as a leading diagonal and is nearing its completion. Wave Cancel invalid level: 0.83765 The USDCHF Elliott Wave analysis for the 4-hour chart reflects a bullish trend with an impulsive wave structure. The focus is on orange wave 1, which is part of the broader navy blue wave 1. Currently, price action shows that orange wave 1 of navy blue wave 1 is still unfolding, forming a leading diagonal pattern. This leading diagonal is approaching its end, suggesting that the market is about to enter the corrective phase marked by orange wave 2. The impulsive nature of orange wave 1 signals strong upward momentum, typically observed during the first wave of a larger trend. As orange wave 1 reaches its completion, a correction is expected in the form of orange wave 2. This corrective move will likely bring a temporary pullback before the larger bullish trend resumes with subsequent waves. The structure and timing of the wave’s completion are crucial for predicting the next phase in USDCHF price movements. A critical part of this analysis is the invalidation level, set at 0.83765. If the price falls below this level, the current Elliott Wave count would be invalidated, necessitating a re-evaluation of the trend. However, as long as the price stays above this key level, the impulsive wave structure remains intact, with orange wave 1 nearing completion and orange wave 2 expected to follow. Summary: USDCHF is in the early stages of an impulsive bullish trend, with orange wave 1 of navy blue wave 1 nearing completion. The next expected phase is a corrective move in the form of orange wave 2. Monitoring the invalidation level at 0.83765 is critical to confirming the current wave structure and ensuring the continuation of the upward trend. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!
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