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By tradinglounge · Posted
ASX: AMCOR PLC – AMC Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with AMCOR PLC – AMC. We see AMC pushing higher with wave (iii)-orange of wave ((iii))-navy. ASX: AMCOR PLC – AMC 1D Chart (Semilog Scale) Analysis Function: Major trend (Intermediate degree) Mode: Motive Structure: Impulse Position: Wave (iii)-orange of Wave ((iii))-navy of Wave 3-grey of Wave (3)-orange Details: Since the low at 15.53 wave ((iii))-navy is unfolding to push higher, aiming for targets as high as 20.00, it has itself subdivided into waves (i),(ii)-orange and they have ended, now it is time for wave (iii)-orange to unfold to push higher. Invalidation point: 15.95 ASX: AMCOR PLC – AMC 4-Hour Chart Analysis Function: Major trend (Minute degree, navy) Mode: Motive Structure: Impulse Position: Wave iii-grey of Wave (iii)-orange of Wave ((iii))-navy Details: Wave (ii)-orange ended at the low of 15.95 as a Zigzag labeled a,b,c-grey. And wave (iii)-orange is probably unfolding to push higher, targeting the highs of 18.00 - 20.00. It is subdividing into wave i-grey and wave ii-grey, and is probably over, and now wave iii-grey is unfolding to push higher. Invalidation point: 16.10 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: AMCOR PLC – AMC aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends. Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation). Source : Tradinglounge.com get trial here! Tag: #ElliottWave #ASX #AUSStocks #ASXStocks #AMC #TradingLounge #ASX200 -
By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, ChainLink/ U.S. dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Triple Corrective Position: Wave Z Direction Next higher Degrees: Wave ((II)) of Impulse Wave Cancel invalid Level: Details:: Wave (II) is likely to retest at 6.882 ChainLink/ U.S. dollar(LINKUSD)Trading Strategy: The correction in wave ((2)) seems to be not over yet, so we focus on the decline in wave ((2)). It is likely to go down to test the 6.882 level, but all this is a short-term pullback, look for a resumption of the trend. ChainLink/ U.S. dollar(LINKUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bullish Momentum. ChainLink/ U.S. dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Triple Corrective Position: Wave Z Direction Next higher Degrees: Wave ((II)) of Impulse Wave Cancel invalid Level: Details:: Wave (II) is likely to retest at 6.882 ChainLink/ U.S. dollar(LINKUSD)Trading Strategy: The correction in wave ((2)) seems to be not over yet, so we focus on the decline in wave ((2)). It is likely to go down to test the 6.882 level, but all this is a short-term pullback, look for a resumption of the trend. ChainLink/ U.S. dollar(LINKUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bullish Momentum. Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here! -
I think it's quite early to justify that SOL would be bullish this month but if it should then more value will be added to my pf at the Trade Smarter platform. A win for me but let's watch and see.
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