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By tradinglounge · Posted
S&P/ASX 200 Elliott Wave Analysis - Day Chart S&P/ASX 200 Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Gray wave 3 Position: Orange wave 3 Next Lower Degree: Gray wave 4 Details: Gray wave 2 is now considered complete. The market is currently in gray wave 3 of orange wave 3. Invalidation Level: 7,625.9 The S&P/ASX 200 Elliott Wave Analysis on the day chart indicates a strong trending market, with an impulsive mode currently active. The main wave structure in focus is gray wave 3, signaling continued upward momentum in the market. The current position is within orange wave 3, which is part of the larger gray wave 3. This indicates that the market is experiencing a bullish phase with expectations of further upward movement. The analysis notes that gray wave 2 has already been completed, and now gray wave 3 of orange wave 3 is in progress. This transition from the corrective phase (wave 2) to the impulsive phase (wave 3) usually sees a stronger price movement following the prevailing trend. The next significant point to watch is the development of gray wave 4, which will occur after the completion of gray wave 3. An important aspect of this analysis is the invalidation level set at 7,625.9. If the market falls below this level, it would signal a potential change in the wave structure, and a reevaluation of the market's direction might be necessary. Summary The S&P/ASX 200 is currently in a strong bullish trend, with both gray wave 3 and orange wave 3 in play. The completion of gray wave 2 and the ongoing progression of gray wave 3 suggest sustained bullish momentum. The invalidation level to watch is 7,625.9, which could signal a reversal or change in the wave structure. S&P/ASX 200 Elliott Wave Analysis - Weekly Chart S&P/ASX 200 Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Orange wave 3 Position: Navy blue wave 3 Next Lower Degree: Orange wave 4 Details: Orange wave 2 is complete. Currently, orange wave 3 of navy blue wave 3 is active. Invalidation Level: 7,625.9 The S&P/ASX 200 Elliott Wave Analysis on the weekly chart shows that the market is following a clear trend in an impulsive mode. The focus is on orange wave 3, which suggests a continuation of the upward trend. The market is now positioned in navy blue wave 3, which is a higher-level wave, indicating a bullish trend remains intact. As per the analysis, orange wave 2 is considered complete, and the market is progressing through orange wave 3 of navy blue wave 3. This phase typically sees strong price increases as the impulsive wave 3 advances, often representing the most dynamic part of the wave structure. The next phase to watch for is orange wave 4, which will come into play once orange wave 3 is complete. Orange wave 4 will likely represent a corrective phase after the current impulsive movement. However, the overall trend remains bullish for now. A key point to monitor is the invalidation level at 7,625.9. If the market falls below this level, the current wave structure and bullish outlook could be invalidated, potentially signaling a need for reassessment. Summary The S&P/ASX 200 is in a strong upward trend, with both orange wave 3 and navy blue wave 3 in progress. The completion of orange wave 2 and the ongoing impulsive phase suggest continued bullish momentum. The key invalidation level to watch is 7,625.9, which could indicate a potential change in the wave structure if breached. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
Yo crypto fam! I'm buzzing about this Hamster TGE coming up. It's been all over crypto Twitter and Discord, and I'm thinking it could be huge. So what's the deal? Hamster's not just another meme coin. They're trying to make DeFi fun and easy to use. Think yield farming and staking, but with a gamified twist. Pretty cool, right? Now, here's the juicy part - Bitget listing this gem. I've been using the exchange for a while now, and it's solid Super easy to use (even if you're new to crypto) Top-notch security (no sketchy stuff here) Tons of trading volume (so you can buy and sell quick) Staking options (passive income, anyone?) Great community vibes Word on the street is there might be some sweet bonuses for early birds. Plus, they're talking about keeping the token supply tight, which could mean Look, I'm no financial advisor, but I'm definitely eyeing this launch. If you're thinking about it too, make sure to DYOR. Who else is hyped for the Hamster TGE? Let's get that bag! -
By tradinglounge · Posted
EURUSD Elliott Wave Analysis Trading Lounge Day Chart Euro/ U.S. Dollar (EURUSD) Day Chart EURUSD Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Orange Wave 5 Position: Navy Blue Wave 3 Next Lower Degrees: Navy Blue Wave 4 Details: Orange Wave 4 appears completed, and now Orange Wave 5 is in progress. Cancel Invalid Level: 1.10009 The EURUSD Elliott Wave Analysis on the day chart indicates a trending market. The current mode of the market is impulsive, meaning the price is moving strongly in one direction. The key structure being observed is Orange Wave 5, which suggests a continuation of the current upward trend. At this point, the market is in Navy Blue Wave 3, and there is an expectation of a shift into Navy Blue Wave 4, a lower degree wave. Detailed Analysis The analysis shows that Orange Wave 4 seems to be completed, signaling the start of Orange Wave 5. This suggests that the price movement is likely to remain upward as the impulsive wave progresses. However, if the market falls below the invalidation level of 1.10009, this could indicate an error in the wave count, leading to a reanalysis of the structure. This analysis is based on Elliott Wave Theory, which forecasts future price movements by analyzing past patterns and cyclical wave structures. The completion of Wave 4 is leading to expectations of further upward momentum in Wave 5, signaling continued bullish momentum for the EURUSD pair in the near term. Euro/ U.S. Dollar (EURUSD) 4 Hour Chart EURUSD Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Orange Wave 5 Position: Navy Blue Wave 3 Next Lower Degrees: Navy Blue Wave 4 Details: Orange Wave 4 appears completed, and now Orange Wave 5 is in progress. Cancel Invalid Level: 1.10009 The EURUSD Elliott Wave Analysis for the 4-hour chart shows that the market is in an impulsive trend. The main focus is on Orange Wave 5, with the current position in Navy Blue Wave 3, indicating strong upward momentum characteristic of this phase. Detailed Analysis Orange Wave 4 has likely been completed, and the market has shifted into Orange Wave 5, marking the end of the corrective phase and continuing the upward push. As Wave 5 progresses, the expectation is for further bullish movement in the EURUSD pair. After the completion of Orange Wave 5, the market is expected to move into Navy Blue Wave 4, a corrective phase. This indicates that the upward movement could slow down once Wave 5 is fully realized. The wave cancellation level for this analysis is 1.10009. If the price falls below this level, it would invalidate the current wave count and require a reanalysis of the market structure. As long as the price stays above this level, the bullish trend driven by Wave 5 is expected to continue. Summary In conclusion, the 4-hour chart analysis for EURUSD shows that the market is in the final impulsive phase of Orange Wave 5, following the completion of Wave 4. The upward trend is expected to persist unless the price falls below the invalidation level of 1.10009. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!
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Guest LarryA
Received notification to update the IG Trading app for iPad two days ago but when I try to update it gives, "This item is no longer available" error.
Any ideas?
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