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By tradinglounge · Posted
Euro Stoxx 50 Elliott Wave Analysis Trading Lounge Day Chart, Euro Stoxx 50 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 appears to have completed. Now gray wave 2 of orange wave 3 is underway. Wave Cancel Invalid Level: 4495 The Elliott Wave analysis for the Euro Stoxx 50 on the daily chart indicates that the index is currently in a counter-trend phase, signaling a temporary move against the prevailing market direction. The mode is corrective, meaning the market is undergoing a pullback or consolidation within the larger trend. The focus of the analysis is on gray wave 2, a correction in the context of the broader wave structure. Gray wave 1 is deemed complete, and now gray wave 2 of orange wave 3 is active. This means the market is currently correcting within the broader impulsive structure. Once this corrective phase, represented by gray wave 2, is finished, the expectation is for the index to resume its upward movement in orange wave 3, which is part of the larger impulsive sequence. The next higher degree of direction points toward gray wave 3, indicating that once this correction (gray wave 2) ends, the market is expected to move higher in line with the larger trend. This suggests that after gray wave 2 concludes, orange wave 3 will drive the market upwards again. The invalidation level for this Elliott Wave count is 4495. As long as the index stays above this level, the current wave count holds, and further upward movement within the larger trend is anticipated. In summary: The Euro Stoxx 50 is in a corrective phase (gray wave 2) within a larger upward trend. Once the correction finishes, the market is expected to continue rising in orange wave 3. The analysis stays valid as long as the index remains above the 4495 level. Euro Stoxx 50 Elliott Wave Analysis Trading Lounge Weekly Chart, Euro Stoxx 50 Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Orange Wave 3 Position: Navy Blue Wave 3 Direction Next Lower Degrees: Orange Wave 4 Details: Orange wave 2 is considered complete. Now orange wave 3 of 3 is active. Wave Cancel Invalid Level: 4495 The weekly Elliott Wave analysis for the Euro Stoxx 50 suggests that the index is in a bullish trend, indicating upward market movement. The current mode is impulsive, reflecting a strong wave structure in alignment with the broader trend. The key structure under analysis is orange wave 3, a significant wave in the upward impulsive pattern. According to this analysis, orange wave 2 is complete, and now the market is progressing through orange wave 3 of 3. This marks a strong upward phase, with wave 3 typically being one of the most extended and powerful waves according to Elliott Wave theory. The market's current position is identified as navy blue wave 3, further confirming the ongoing impulsive movement upward. The next lower degree suggests that after the current wave 3 finishes, orange wave 4 (a corrective wave) may follow. However, the immediate focus remains on wave 3, which continues driving the market higher. The wave invalidation level is set at 4495. As long as the index remains above this level, the current Elliott Wave count is valid, and the bullish structure is expected to continue. In summary: The Euro Stoxx 50 is currently in an impulsive bullish phase, with orange wave 3 leading the market higher. Orange wave 2 has completed, and orange wave 3 is in motion, suggesting further upside potential. This analysis holds as long as the index remains above the 4495 level. After wave 3 concludes, a corrective phase (orange wave 4) could follow. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial! -
By tradinglounge · Posted
Australian Dollar/U.S. Dollar (AUDUSD) - Day Chart AUDUSD Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Orange wave 3 Position: Navy blue wave 1 Direction (Next Higher Degrees): Orange wave 3 (in progress) Invalidation Level: 0.66209 The AUDUSD Elliott Wave analysis on the daily chart shows that the pair is in a bullish trend. The market is in an impulsive mode, indicating strong movement in the direction of the overall trend. The key structure being analyzed is orange wave 3, which has already started. Currently, the price is within navy blue wave 1, a smaller wave inside the broader structure of orange wave 3. Details: The analysis suggests that orange wave 2 is likely completed, and orange wave 3 is now active. This means that the corrective phase has ended, and the market is resuming its upward movement. The impulsive wave is expected to push the pair higher in line with the broader bullish trend. As long as the pair stays above the invalidation level of 0.66209, the current Elliott Wave count remains valid, signaling further upward movement. Summary: Trend: Bullish Current Structure: Orange wave 3 (in progress) Completed Phase: Orange wave 2 Expected Movement: Continued upward Invalidation Level: 0.66209 If the price remains above the invalidation level, the bullish scenario stays intact, and the market is likely to continue its upward movement within the impulsive wave structure. Australian Dollar/U.S. Dollar (AUDUSD) - 4 Hour Chart AUDUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Gray wave 2 Position: Orange wave 3 Direction (Next Higher Degrees): Gray wave 3 Invalidation Level: 0.66209 The AUDUSD Elliott Wave analysis on the 4-hour chart shows the market is in a counter-trend phase, moving against the larger trend. This corrective mode indicates that the current movement is a temporary retracement within the broader trend. The structure being analyzed is gray wave 2, which follows the completion of gray wave 1. This means that the initial impulsive move of gray wave 1 has concluded, and the market is now in gray wave 2, a corrective phase. During this phase, the price may consolidate or retrace before the next impulsive wave begins. Details: The next expected movement is gray wave 3, which will resume the broader trend once gray wave 2 completes. Currently, the market is positioned within orange wave 3, part of the gray wave 2 corrective structure. This suggests that after the completion of gray wave 1, orange wave 3 is playing out as a sub-wave within the larger corrective wave. The invalidation level is set at 0.66209. If the price drops below this level, the current Elliott Wave count will be invalidated, requiring a reassessment of the wave pattern. Summary: Trend: Counter-trend (Corrective) Current Structure: Gray wave 2 (in progress) Completed Phase: Gray wave 1 Expected Movement: Gray wave 3 (after gray wave 2 completes) Invalidation Level: 0.66209 If the price stays above the invalidation level, the corrective structure will remain valid, with gray wave 3 expected to resume the broader trend once gray wave 2 completes. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
By CryptoChamp · Posted
Cardano ADA has seen a 3.8% price increase in the past 24 hours, currently trading at $0.3482. This surge follows recent market recovery and increased whale activity. Whale Activity Boosts Confidence Data from IntoTheBlock shows that whale transactions increased by 10%, with 19.5 billion ADA coins moved, valued at $6.48 billion. When whales — investors holding large amounts of ADA — start moving coins, it often signals that big players are positioning themselves for gains. This recent spike suggests increased market confidence in ADA. Bullish Signs in the Charts Cardano is showing strong technical indicators. It has found support at the $0.32 level, a key area for nearly two years. The weekly Relative Strength Index (RSI) also shows a positive divergence for the first time in four years, suggesting that the bearish phase could be ending. Potential for Major Gains ADA has formed an inverse head and shoulders pattern, a classic bullish signal. If this trend continues, ADA could aim for a price of $0.61 or even its yearly high of $0.81. With ongoing innovations in DeFi, smart contracts, and NFTs, Cardano is well-positioned for growth and could deliver strong returns in the near future.
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Guest kebabman
Is it possible to show level 2 data for LSE shares on the android app please? If so how do I get it and I am struggling at the moment.
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