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    • The ASX - Santos Limited (STO) Elliott Wave Technical Analysis for March 19-24 provides insights into potential market movements based on Elliott Wave theory. Traders analyze wave patterns to forecast price changes, aiding decision-making and risk management strategies in the STO stock market.  
    • USD/CHF Elliott Wave Analysis Trading Lounge Day Chart, 19 March 24     U.S.Dollar/Swiss Franc(USD/CHF) Day Chart   USD/CHF Elliott Wave Technical Analysis   FUNCTION: Counter Trend           MODE: Corrective             STRUCTURE: red wave C           POSITION: blue wave Y of 2         DIRECTION NEXT LOWER  DEGREES:black wave 3           DETAILS: red wave C of Y of 2 is in play and likely to end between fib level 60.80 to 78.60  .. Wave Cancel invalid level: The USD/CHF Elliott Wave Analysis for the day chart on 19 March 24, provides insights into the potential price movements of the U.S. Dollar/Swiss Franc currency pair based on Elliott Wave principles within technical analysis. Identified as a "Counter Trend" scenario, the analysis suggests a deviation from the prevailing trend, indicating a potential corrective phase in the market. This indicates that the current price movement is against the predominant trend direction. Described as "Corrective" in mode, the analysis implies that the current price action is part of a corrective wave within the broader Elliott Wave structure. This suggests that the market is experiencing a temporary reversal or retracement within the context of a larger trend. The "STRUCTURE" is labeled as "red wave C," indicating that the market is currently undergoing a corrective phase within the larger Elliott Wave count. This suggests that the current price movement is part of a corrective wave within a broader Elliott Wave cycle. Positioned as "blue wave Y of 2," the analysis indicates that the current corrective phase is part of a higher-degree Elliott Wave cycle. This implies that the corrective movement is occurring within the context of a larger corrective structure. The "DIRECTION NEXT LOWER DEGREES" is identified as "black wave 3," suggesting the expected direction for the subsequent lower-degree wave. This indicates that once the current corrective phase completes, the market may resume its downward movement in the lower-degree Elliott Wave cycle. In the "DETAILS" section, it is mentioned that "red wave C of Y of 2 is in play and likely to end between the Fibonacci levels of 60.80 to 78.60." This suggests that the current corrective phase is expected to conclude within a specific Fibonacci retracement zone. The "Wave Cancel invalid level" is specified as 0.92493, serving as a critical threshold. A breach beyond this level would invalidate the current wave count, necessitating a reassessment of the analysis. In summary, the USD/CHF Elliott Wave Analysis for the day chart on 19 March 24, suggests a counter-trend corrective scenario, providing insights into potential price movements and key levels to monitor for potential trend reversals.0.92493       USD/CHF Elliott Wave Analysis Trading Lounge 4 Hour Chart, 19 March 24     U.S.Dollar/Swiss Franc(USD/CHF) 4 Hour Chart   USD/CHF Elliott Wave Technical Analysis   FUNCTION: Counter Trend           MODE: Corrective           STRUCTURE: red wave C           POSITION: blue wave Y of 2         DIRECTION NEXT LOWER  DEGREES:black wave 3           DETAILS: red wave C of Y of 2 is in play and likely to end between fib level 60.80 to 78.60  .. Wave Cancel invalid level: 0.92493 The USD/CHF Elliott Wave Analysis for the 4-hour chart on 19 March 24, offers insights into the potential price movements of the U.S. Dollar/Swiss Franc currency pair based on Elliott Wave principles within technical analysis. Identified as a "Counter Trend" scenario, the analysis suggests a deviation from the prevailing trend, indicating a potential corrective phase in the market. Described as "Corrective" in mode, the analysis indicates that the current price action is likely part of a corrective wave within the broader Elliott Wave structure. The "STRUCTURE" is labeled as "red wave C," implying that the market is currently experiencing a corrective phase within the larger Elliott Wave count. Positioned as "blue wave Y of 2," the analysis suggests that the current price movement is part of a corrective wave within a higher-degree Elliott Wave cycle. This implies that the corrective phase is occurring within the context of a larger corrective structure. The "DIRECTION NEXT LOWER DEGREES" is identified as "black wave 3," indicating the expected direction for the subsequent lower-degree wave. This suggests that once the current corrective phase completes, the market may resume its downward movement. In the "DETAILS" section, it is mentioned that "red wave C of Y of 2 is in play and likely to end between fib level 60.80 to 78.60." This suggests that the current corrective phase is expected to conclude within a specific Fibonacci retracement zone. The "Wave Cancel invalid level" is specified as 0.92493, serving as a critical threshold. A breach beyond this level would invalidate the current wave count, necessitating a reassessment of the analysis. In summary, the USD/CHF Elliott Wave Analysis for the 4-hour chart on 19 March 24, suggests a counter-trend scenario characterized by corrective movements. The analysis provides insights into the potential completion of the current corrective phase and identifies key levels for monitoring potential shifts in the wave count and trend dynamics. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!    
    • ASX - SANTOS LIMITED (STO) Elliott Wave Technical Analysis - 19 March 24   ASX - SANTOS LIMITED (STO) Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart), March 19, 2024 Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with SANTOS LIMITED (STO) shares. We observe that STO may continue to rise further, with the setup of the third wave within the third wave. ASX - SANTOS LIMITED (STO): Elliott Wave Technical Analysis TradingLounge (Daily Chart), March 19, 2024 ASX - SANTOS LIMITED (STO): STO 1D Chart Analysis Function: Major trend (Primary degree, purple) Mode: Motive Structure: Impulse   Position: Wave ((3))-purple Details: The broader context suggests that waves ((1))-purple and ((2))-purple have concluded, and wave ((3))-purple is now unfolding to move higher. Wave ((2)) appears to have retraced without strong sharpness, despite following a Diagonal, so it's premature to conclude that STO will continue to rise. We will need to continue monitoring, but an upward movement in the medium term is feasible. Invalidation point: 6.57 Elliott Wave Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation) Source : Tradinglounge.com get trial here!         ASX - SANTOS LIMITED (STO): Elliott Wave Technical Analysis TradingLounge (4-Hour Chart), 19 March 24 ASX - SANTOS LIMITED (STO): STO 4-Hour Chart Analysis Function: Major trend (Minor degree, red) Mode: Motive Structure: Impulse Position: Wave (iii)-purple of Wave 3-red Details: The shorter-term outlook indicates that waves 1-red and 2-red have concluded, and wave 3-red is now unfolding to move higher. Wave (iii)-purple is expected to continue rising further, with an immediate target at 7.54. A move beyond this high would extend towards 7.66, while prices are expected to maintain levels higher than the low at 7.30. Invalidation point: 6.99 Elliott Wave Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation) Conclusion:   Our analysis and forecast of contextual trends, along with the short-term outlook for ASX: Santos Limited (STO), aim to provide readers with insights into upcoming market trends and how to capitalize on them by identifying optimal positions. Additionally, we offer specific price points that act as invalidation levels for the wave count (acknowledging potential inaccuracies) and confirmation levels to enhance confidence in the wave count. By integrating these elements, we aim to offer readers the most objective and professional perspective and opinion on market trends. Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).    
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