-
-
Posts
-
By tradinglounge · Posted
U.S. Dollar / Swiss Franc (USDCHF) – Day Chart USDCHF Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Orange Wave 2 Position: Navy Blue Wave 3 Next Lower Degree: Orange Wave 3 Details: Orange wave 1 is complete, and now orange wave 2 is in progress and nearing its conclusion. Wave Cancel Invalid Level: 0.87486 The Elliott Wave analysis for USDCHF on the daily chart shows that the market is in a counter-trend phase, moving in a corrective pattern. Currently, the structure under observation is orange wave 2, with the market positioned in navy blue wave 3. This suggests that the market is in a temporary correction before it resumes a more impulsive movement. Orange wave 1 has already been completed, and now orange wave 2 is unfolding. This correction appears to be nearing its end, indicating that the market may soon transition into orange wave 3. Once orange wave 2 completes, it is expected that the market will experience a stronger directional move, potentially continuing or reversing the current trend. The next lower degree wave, orange wave 3, is anticipated to begin following the completion of orange wave 2. Traders are closely watching this transition, as it is expected to shift the market out of its corrective phase and into a more decisive trend. This upcoming phase is critical for determining the future direction of the USDCHF. A wave cancellation level has been set at 0.87486. If the price drops to or below this level, the current wave count will be invalid, meaning the corrective wave structure will need to be reassessed. As long as the price remains above this invalidation level, the wave count holds, and the market is expected to move from orange wave 2 into orange wave 3. In summary, the USDCHF is currently in the corrective phase of orange wave 2, which is nearing its end. The next expected move is into orange wave 3, assuming the price does not fall below 0.87486. U.S. Dollar / Swiss Franc (USDCHF) – 4-Hour Chart USDCHF Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Orange Wave 2 Position: Navy Blue Wave 3 Next Lower Degree: Orange Wave 3 Details: Orange wave 1 is complete, and orange wave 2 is currently unfolding and nearing its end. Wave Cancel Invalid Level: 0.87486 The Elliott Wave analysis for USDCHF on the 4-hour chart indicates the market is moving in a counter-trend phase, operating in a corrective mode. The structure under analysis is orange wave 2, with the market positioned in navy blue wave 3, suggesting a correction within a larger trend. Orange wave 2 remains in progress. Orange wave 1 appears to have completed, and now orange wave 2 is actively developing. The analysis suggests that orange wave 2 is approaching its conclusion, indicating that the market could soon transition into orange wave 3. This next phase would likely lead to a more impulsive move, resulting in stronger directional momentum once the correction finishes. The next lower degree involves orange wave 3, which is expected to begin following the completion of orange wave 2. As the correction of orange wave 2 winds down, traders are watching for a potential impulsive wave that could take the market either higher or lower, depending on the emerging trend after the correction. A wave cancellation level is marked at 0.87486. If the price falls to or below this level, the current wave count becomes invalid, meaning the existing corrective wave structure would need to be reassessed. As long as the price remains above this level, the wave count holds, and the market is expected to move from orange wave 2 into orange wave 3. In summary, USDCHF is in a corrective phase with orange wave 2 currently unfolding. The market is nearing the end of this correction, preparing to transition into orange wave 3. The analysis remains valid unless the price falls below 0.87486. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
ASX: SOUTH32 LIMITED – S32 Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Today's Elliott Wave analysis provides an update on the Australian Stock Exchange (ASX) SOUTH32 LIMITED – S32. We observe S32 continuing to decline within the (Y)-orange wave. ASX: SOUTH32 LIMITED – S32 Elliott Wave Technical Analysis ASX: SOUTH32 LIMITED – S32 1D Chart (Semilog Scale) Analysis Function: Major trend (Minor degree, grey) Mode: Motive Structure: Impulse Position: Wave ((v))-navy of Wave A-grey Details: The ((v))-navy wave seems to be pushing lower. However, if the price rises above 3.17, it would signal that the ((v))-navy wave concluded earlier than anticipated, completing the five-wave sequence (Wave A-grey). At that point, a larger corrective wave (Wave B-grey) would unfold, pushing prices higher. Invalidation point: 3.17 ASX: SOUTH32 LIMITED – S32 Elliott Wave Technical Analysis TradingLounge (4-Hour Chart) ASX: SOUTH32 LIMITED – S32 4-Hour Chart Analysis Function: Major Trend (Minute degree, navy) Mode: Motive Structure: Impulse Position: Wave (ii)-orange of Wave ((v))-navy Details: Wave ((iv))-navy appears to have completed as an Expanded Flat. Now, Wave ((v))-navy seems to be unfolding and pushing lower. However, there is weakness in this count, with recent price action nearing the 3.17 level. Should the price exceed this point, a reassessment of the situation would be necessary. Invalidation point: 3.17 Conclusion: Our analysis and forecast for ASX: SOUTH32 LIMITED – S32 offer insights into the ongoing market trends, guiding traders on how to capitalize on these movements. We provide clear price points as validation or invalidation signals for our wave counts, strengthening confidence in our analysis. Combining these factors allows us to present an objective and professional perspective on the current market conditions. Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation). Source: Tradinglounge.com – Get your trial here! -
By CryptoSaint · Posted
Let’s take a closer look at Ethereum’s recent market performance and what traders are expecting next. Current Ethereum Price & Market Overview Current Price: $2,364.72 Market Cap: $9.42 billion Ethereum price has been moving within a defined range, holding support at $2,250 and facing resistance at $2,490. Traders are closely watching these levels to gauge the next move. Ethereum’s Performance vs Bitcoin Ethereum hasn’t seen as much enthusiasm around spot ETFs as Bitcoin. Data from Glassnode highlights that: Bitcoin ETFs account for 8% of the spot volume. Ethereum ETFs contribute just 1% of the spot volume. This indicates that while both cryptocurrencies have ETFs, Bitcoin is clearly benefiting more from their introduction. Macro Impact on Ethereum: Inflation and Interest Rates Recent inflation data came in higher than expected, dampening hopes for a 50-basis-point rate cut at the upcoming FOMC meeting. Initially, this economic news affected the entire crypto market. Ethereum briefly dropped, but it managed to bounce back to the mid-$2,300s by market close. Bitcoin also recovered and was trading just shy of $58,000, though it's still down 0.47% for the week and 1.89% since the start of September. Traders Are Bullish on Ethereum According to CoinGlass, there’s growing confidence in Ethereum’s upward momentum: 58.15% of top traders are holding long positions, while 41.85% are short. The Long/Short ratio is currently at +1.392, which signals a bullish outlook. This data suggests that traders believe Ethereum is poised for an upside rally in the coming days. Rising Open Interest Signals Positive Momentum Another key indicator of bullish sentiment is the increase in Ethereum futures open interest: Open interest has gone up 2.3% in the last 24 hours. This marks the fourth consecutive day of rising open interest, indicating that more traders are betting on higher prices. Analyst Predictions: Is $4,400 Next? Crypto analyst Kaleo has shared an optimistic forecast for Ethereum. According to him, the current price patterns indicate a possible move up to $4,400. He sees the formation of a local bottom as a strong indicator of this potential rally. What’s Next for Ethereum? Support Level: $2,250 Resistance Level: $2,490 With bullish sentiment among traders and a positive technical setup, Ethereum could be gearing up for a significant rally. Keep an eye on the key support and resistance levels as the market continues to evolve. Final Thoughts Ethereum has shown resilience despite recent economic headwinds. With traders leaning towards long positions and open interest on the rise, the outlook appears positive for the cryptocurrency. Stay tuned for further developments, as a breakout could be on the horizon.
-
Question
davealyn
Hi,
So i was currently trading a stock and my position was closed overnight and it was not a stop - i bought at 86 and it sold everything at 100. Any idea why this happened?
Thanks,
Dave
Link to comment
0 answers to this question
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now