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10/06/21 10:53
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over the 50% retrace -
By tradinglounge · Posted
USDCHF Elliott Wave Analysis Trading Lounge Day Chart, 28 September 23 U.S.Dollar/Swiss Franc(USDCHF) Day Chart USDCHF Elliott Wave Technical Analysis Function: Trend Mode: impulsive Structure: blue wave 3 of 1 Position: New Black Wave 1 Direction Next lower Degrees: wave 4 of 1 Details: blue wave 3 in play and near to end,after that blue corrective wave 4 will start. Wave Cancel invalid level: 0.88767 The USD/CHF Elliott Wave Analysis on 28 September 23, focuses on the daily chart of the U.S. Dollar/Swiss Franc (USD/CHF) currency pair, applying Elliott Wave theory to analyze potential market trends and price movements. The analysis identifies its Function as "Trend," indicating a primary interest in identifying and interpreting market movements that align with the prevailing trend. In this context, the emphasis is on capturing potential impulsive moves that follow the dominant market direction. The Mode is described as "impulsive," suggesting an expectation of strong and decisive price movement. This implies anticipation of significant and directional price shifts, characteristic of impulsive waves. The Market Structure is characterized as "blue wave 3 of 1," highlighting the importance of wave 3 within a broader Wave 1 structure. This indicates that the analysis is primarily focused on understanding the development of this specific wave within the larger Elliott Wave framework. The Position specifies that the analysis pertains to the "New Black Wave 1," signaling the initiation of a new wave cycle. This suggests the potential for a bullish phase within the market. The Direction Next Lower Degrees points to "wave 4 of 1," signifying that the analysis is attentive to the ongoing development of the fourth sub-wave within the first wave of the new cycle. In the Details section, it is noted that "blue wave 3" is currently in progress and is approaching its potential conclusion. Following the completion of this wave, the analysis anticipates the commencement of "blue corrective wave 4." The "Wave Cancel invalid level" is specified as 0.88767, serving as a reference level for risk management and potential trade entry or exit points. In summary, the USD/CHF Elliott Wave Analysis on 28 September 23, suggests that the market is currently in a bullish trend, with a particular focus on the development of "blue wave 3" within this trend. Traders are advised to monitor the conclusion of this wave and prepare for the initiation of "blue corrective wave 4" as part of the broader wave structure. The specified invalid level serves as a reference point for managing trading risks. -
By tradinglounge · Posted
USDCHF Elliott Wave Analysis Trading Lounge 4 Hour Chart, 28 September 23 U.S.Dollar/Swiss Franc(USDCHF) 4 Hour Chart USDCHF Elliott Wave Technical Analysis Function: Trend Mode: impulsive Structure: 5 of blue wave 3 Position: New Black Wave 1 Direction Next lower Degrees: wave 4 of 1 Details: Red wave 5 of blue wave 3 in play and near to end,after that blue corrective wave 4 will start . Wave Cancel invalid level: 0.88767 The USD/CHF Elliott Wave Analysis on 28 September 23, examines the 4-hour chart of the U.S. Dollar/Swiss Franc (USD/CHF) currency pair. This analysis employs Elliott Wave theory to gain insights into potential market trends and price movements. The analysis identifies its Function as "Trend," indicating a focus on identifying and interpreting market movements that align with the prevailing trend. In this context, "trend" suggests an emphasis on capturing potential impulsive moves that follow the dominant market direction. The Mode is described as "impulsive," implying an expectation of strong and decisive price movement. Specifically, the analysis anticipates an impulsive wave sequence within the market, suggesting the potential for significant and directional price shifts. The Market Structure is characterized as "5 of blue wave 3," highlighting the significance of the fifth wave within a broader wave 3 structure. This underscores that the analysis is centered on the development of this specific wave. The Position specifies that the analysis pertains to the "New Black Wave 1," indicating a focus on the inception of a new wave cycle within the Elliott Wave framework. This signifies the start of a potential bullish phase. The Direction Next Lower Degrees points to "wave 4 of 1," signifying that the analysis is attentive to the ongoing development of the fourth sub-wave within the first wave of the new cycle. In the Details section, it is observed that "Red wave 5 of blue wave 3" is currently in play and is approaching its potential end. Following the completion of this wave, the analysis expects a "blue corrective wave 4" to commence. The "Wave Cancel invalid level" is specified as 0.88767, serving as a reference point for risk management and potential trade entry or exit levels. In summary, the USD/CHF Elliott Wave Analysis on 28 September 23, suggests that the market is currently in a bullish trend, with a specific focus on the development of "blue wave 3" within this trend. Traders should monitor the completion of "Red wave 5" and anticipate the initiation of "blue corrective wave 4" as part of the broader wave structure. The invalid level serves as a reference for risk management within trading strategies.
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Question
TeuchterFX
can my account please be opened after several days of sitting at 'pending' status.
thank you
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