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10/06/21 10:53
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By tradinglounge · Posted
AUDJPY Elliott Wave Analysis Trading Lounge Day Chart, 27 September 23 Australian Dollar / Japanese Yen(AUDJPY) Day Chart AUDJPY Elliott Wave Technical Analysis Function: Counter Trend Mode: impulsive Structure: blue wave 3 of C Position: black wave C Direction Next lower Degrees: wave (3 of C) continue Details: blue corrective wave 2 looking completed at 96.083.now blue wave 3 started and strong move expected . Wave Cancel invalid level:96.081 The AUD/JPY Elliott Wave Analysis on 27 September 23, examines the Day Chart of the Australian Dollar/Japanese Yen (AUD/JPY) currency pair. This analysis utilizes Elliott Wave theory to provide insights into potential market trends and price movements. The analysis identifies its Function as "Counter Trend," indicating a focus on identifying and interpreting market movements that run contrary to the prevailing trend. In this context, "counter trend" suggests an emphasis on potential reversals or corrective movements within the market. The Mode is characterized as "impulsive," which implies an anticipation of strong and directional price movement. Specifically, the analysis expects an impulsive wave sequence within the market, suggesting the potential for significant and decisive price shifts. The Market Structure is described as "blue wave 3 of C." This highlights the importance of the third wave within a broader C-wave structure in the Elliott Wave sequence. It signifies that the analysis is centered on the development of this specific wave. The Position specifies that the analysis pertains to "black wave C," indicating that the entire C-wave structure is of interest in the analysis. This means that the broader context of the C-wave is taken into consideration. The Direction Next Lower Degrees points to "wave (3 of C) continue," signifying that the analysis is focused on the continuation of the third sub-wave within the larger C-wave structure. In the Details section, it is observed that "blue corrective wave 2" is deemed to have completed its course at the level of 96.083. The market is now in the phase of "blue wave 3," and a strong price movement is expected as part of this impulsive phase. The "Wave Cancel invalid level" is specified as 96.081, serving as a reference point for risk management and potential trade entry points. In summary, the AUD/JPY Elliott Wave Analysis on 27 September 23, suggests that the market is currently undergoing a counter-trend phase with an anticipated impulsive price movement in the form of "blue wave 3 of C." Traders are advised to closely monitor this wave for potential trading opportunities, with the specified invalid level serving as a reference for risk management within their trading strategies. -
By tradinglounge · Posted
AUDJPY Elliott Wave Analysis Trading Lounge 4 Hour Chart, 27 September 23 Australian Dollar / Japanese Yen(AUDJPY) 4 Hour Chart AUDJPY Elliott Wave Technical Analysis Function: Counter Trend Mode: impulsive Structure: blue wave 3 of C Position: black wave C Direction Next lower Degrees: wave (3 of C) continue Details: blue corrective wave 2 looking completed at 96.083.now blue wave 3 started . Wave Cancel invalid level:95.822 The AUD/JPY Elliott Wave Analysis on 27 September 23, focuses on the 4-hour chart of the Australian Dollar/Japanese Yen (AUD/JPY) currency pair. This analysis applies Elliott Wave theory to assess potential market trends and price movements. The identified Function is "Counter Trend," signifying an emphasis on identifying and interpreting market movements that run contrary to the prevailing trend. In this context, "counter trend" implies a focus on potential reversals or corrective movements within the market. The Mode is characterized as "impulsive," suggesting an anticipation of strong and directional price movement. Specifically, the analysis anticipates an impulsive wave sequence within the market, implying the potential for significant price shifts. The Market Structure is outlined as "blue wave 3 of C." This signifies that the analysis is centered on the development of the third wave within a broader C-wave structure, underscoring its importance in the Elliott Wave sequence. The Position specifies that the analysis pertains to "black wave C," indicating that the entire C-wave structure is of interest in the analysis. The Direction Next Lower Degrees points to "wave (3 of C) continue," indicating that the analysis is attentive to the continuation of the third sub-wave within the larger C-wave. In the Details section, it is noted that "blue corrective wave 2" is deemed completed at the level of 96.083, and the market has now entered the phase of "blue wave 3." The "Wave Cancel invalid level" is specified as 95.822, serving as a reference point for traders to manage risk in their trading strategies. In summary, the AUD/JPY Elliott Wave Analysis on 27 September 23, suggests that the market is currently in a counter-trend phase with an impulsive movement underway. The focus is on the development of "blue wave 3 of C" within the broader C-wave structure. Traders are advised to monitor this sub-wave for potential trading opportunities, with the specified invalid level serving as a reference for risk management within their trading strategies. -
EAGLE-EYED traders/Investors would of without DOUBT noticed from the Mars/Jupiter 360 Heliocentric CHART above - a peculiar curiosity - applies to the SP500 only* for those that failed to notice that curiosity, here it is: There's ALWAYS some sort of sharp "plunge" around the time cycle This "plunge" and rally since 2000 has a hit/win rate of 89% In the months that follow, the "plunge" is NEARLY ALWAYS 100% fully RETRACED - do you think you could make money from that knowledge? Do you think options would be priced correctly at those lows? course they wouldn't, you could buy seriously cheap options out of the money at the lows or near the lows, knowing in the weeks/months to come price is heading back up to the plunge high! The only exception is 2000 - bigger knowledge of the overall 18 year cycle at work and the expectation that the bull market should top out would of alerted you to the fact that the high of the cycle should of been in and to be followed by a 3 year bear market - BUT, you still got a plunge then a rally that nearly made it, but we'll class it as a fail for the sake of the % win rate above, technically, a plunge followed by rally happened, so if you accept that, then there's a 100% win rate covering 23 years Those with sharp eyes will see that the "form" isn't always exact - so you need to bear that in mind - I'll let you work out how you approach the formation Couple of things to remember though is this: Unless the overall general market 18 year cycle is due to top, then the plunges are ALWAYS 100% GUARANTEED retraced That MEANS, that in the weeks or months that follow the plunge HIGH will be exceeded If you read this thread from post 1, you will notice a couple of numpties who said nothing in trading is guaranteed or certain - well as I said to them back then, there are a couple of certainties in the markets, if you look properly for them - they obviously had their eyes firmly shut! *This post is for the SP500 Index only - you MUST run the cycle on other markets to see if it impacts those markets or not, as not all cycles work to the same effect if you change the market - for example, the WHEAT market works off different cycles to those on the stock market - you must do your research Look at the cycle date near the 2002 low, it took 24 months ish to retrace, it retraced though! The reason it took so long was that other bigger cycle factors were at play at that time, namely the cycles that caused the end of the 3 year bear market crash and they HAD to end and form the 2003 low before the plunge retracement could complete, So when this M/J 360H cycle arrives at or around other larger cycle dates, you need to know and understand to allow time for the plunge retracement to complete - anyway you should get the idea Remember the overall 18 year cycle is UP until 2034 - this also MEANS that all corrections that the markets make will be RETRACED in full all the way up until 2034 THT
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