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Stock Market Report S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. Elliott Wave Technical Analysis Update on Elliott Wave Analysis: Continue to build long positions through the TradingLevels in all Indices. The Elliott wave trend for the SP500 and Nasdaq 100 is from the large tech stocks, so we have a very clean consensus of the Elliott wave count and can expect this trend to continue well into next week and probably longer as Elliott Wave Minor 5 Video Chapters 00:00 SP 500 (SPX) 04:30 NASDAQ (NDX) 07:12 Russell 2000 (RUT) 08:51 DAX 40 (DAX) 10:48 FTSE 100 UKX (UK100) 14:06 ASX 200 (XJO) 16:17 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge.com Join & Learn 6 Elliott Wave from Experts

UNH Elliott Wave Analysis Trading Lounge Daily Chart, 20 March 24 UnitedHealth Group Inc., (UNH) Daily Chart UNH Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Complex POSITION: Intermediate wave (Y). DIRECTION: Wave (Y) of 4. DETAILS: Looking for a bottom in wave (Y) or else we are aware that we could also be in a wave (C) of a triangle. As long as we bounce back and forth 500$, we should see further upside in the future. UNH Elliott Wave Analysis Trading Lounge 4Hr Chart, 20 March 24 UnitedHealth Group Inc., (UNH) 4Hr Chart UNH Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minute wave {i}. DIRECTION: Completion of wave {i}. DETAILS: Exploring the possibility of a impulsive move off the 468$ bottom. Looking for a completion of a five wave move in wave {i} at 500$ to then pullback in {ii}. Welcome to our UNH Elliott Wave Analysis Trading Lounge, where we provide comprehensive insights into UnitedHealth Group Inc. (UNH) using Elliott Wave Technical Analysis. Let's delve into the market dynamics as of the Daily Chart on 20th March 2024. * UNH Elliott Wave Technical Analysis – Daily Chart* Our analysis reveals a countertrend function characterized by corrective mode and complex structure, positioned in Intermediate wave (Y). The direction indicates Wave (Y) of 4, suggesting a potential bottom in this wave. Alternatively, we consider the possibility of Wave (C) of a triangle formation. As the price oscillates around $500, we anticipate further upside movement in the future. * UNH Elliott Wave Technical Analysis – Daily Chart* Here, we identify a trending function marked by impulsive mode and motive structure, positioned in Minute wave {i}. The direction indicates the completion of wave {i} off the $468 bottom. We explore the possibility of an impulsive move, expecting a five-wave completion in wave {i} around the $500 mark, followed by a pullback in wave {ii}. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here!

Wheat Elliott Wave Analysis Function - Trend Mode - Trend Structure - Diagonal (D1) Position - Blue wave c of black wave Y (H4) Direction - Downwards for blue wave c of black wave Y (H4) Details - The current bounce is taking a longer time and will most likely violate the last update. Here is a new one expecting a double zigzag downside with the current bounce as the connector blue wave ‘x’. This still supports a further decline toward 500. Since 11 March, Wheat has been up by over 5%. However, this is more of a minor pullback or some profit-taking by the sellers who have dominated this market since March 2022. At some point in the short term, they will sell this current bounce. However, in the medium term, it looks like the sellers will run out of steam soon and give way to the biggest rebound since this bearish trend started two years ago. This analysis looks at the short-term and medium-term analysis and price projection for Wheat using the Elliott wave theory. On the daily time frame, the bearish trend that has dominated for two years is completing an impulse wave. The 5th wave - wave ‘5’ in blue is about completing with an ending diagonal. Ending diagonal is one of the most effective reversal patterns in technical analysis and this is why we should look out for it. A bigger and longer bullish correction than we have seen since March 2022 is expected to follow. However, on the lower time frame, it doesn’t look as if the diagonal 5th has been completed yet. Perhaps one more leg downside will happen before the big correction. On the 4-hour time frame, our focus is on the sub-waves of this diagonal 5th. The diagonal 5th completed its 4th sub-wave - wave (4), at 649’5 in December 2023 and since then, sellers have taken the wave (5) down as it finds completion. Wave (5) is completing a double zigzag pattern - already completed waves W and X. Wave Y is ongoing and evolving into a double zigzag as well - waves w-x-y (circled in blue). The current minor rebound is therefore the wave x (connector) of this double zigzag for Y. Wave x (circled in blue) could complete between 100% ($560) to 138.2% ($573) extension level before the last leg emerges downside to complete Y probably at 500 or thereabout. At that point, we can start discussing the end of the bearish impulse wave from March 2022. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here!

NZDUSD Elliott Wave Analysis Trading Lounge Day Chart, 20 March 24 New Zealand Dollar/U.S.Dollar(NZDUSD) Day Chart NZDUSD Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Impulsive as C STRUCTURE: blue wave C POSITION: black wave 2 DIRECTION NEXT HIGHER DEGREES: black wave 3 DETAILS blue wave B of 2 looking completed 0.62227. Now blue wave C is in play. Wave Cancel invalid level: 0.62227 The NZD/USD Elliott Wave Analysis for the day chart on 20 March 24, provides insights into the potential price movements of the New Zealand Dollar/U.S. Dollar currency pair using 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 implies that the current price movement opposes the predominant trend direction, offering traders opportunities to capitalize on potential reversals. Described as "Impulsive as C" in mode, the analysis indicates that the current price action is exhibiting characteristics of impulsiveness within the context of a corrective phase. This suggests strong and directional movement in the market, potentially leading to significant price swings. The "STRUCTURE" is labeled as "blue 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 "black wave 2," the analysis suggests 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, providing traders with insights into potential price targets and trend reversals. The "DIRECTION NEXT HIGHER DEGREES" is identified as "black wave 3," suggesting the expected direction for the subsequent higher-degree wave. This Indicates that once the current corrective phase completes, the market may resume its upward movement in the higher-degree Elliott Wave cycle. In the "DETAILS" section, it is mentioned that "blue wave B of 2 looking completed at 0.62227. Now blue wave C is in play." This suggests that the current corrective phase has likely completed, and the market is now poised to continue its movement in the direction of the larger trend. The "Wave Cancel invalid level" is specified as 0.62227, 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 NZD/USD Elliott Wave Analysis for the day chart on 20 March 24, provides traders with valuable insights into potential price movements, corrective phases, and critical levels to monitor for trend reversals and trading opportunities. NZDUSD Elliott Wave Analysis Trading Lounge 4 Hour Chart, 20 March 24 New Zealand Dollar/U.S.Dollar(NZDUSD) 4 Hour Chart NZDUSD Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Impulsive STRUCTURE: red wave 3 POSITION: blue wave C DIRECTION NEXTHIGHER DEGREES: red wave 4 DETAILS red wave 2 of C looking completed now red wave 3 is in play and looking near to end. Wave Cancel invalid level: 0.61333 The NZD/USD Elliott Wave Analysis for the 4-hour chart on 20 March 24, presents an assessment of the potential price movements of the New Zealand Dollar/U.S. Dollar currency pair using 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 implies that the current price movement opposes the predominant trend direction, providing traders with insights into a potential reversal. Described as "Impulsive" in mode, the analysis indicates that the current price action is exhibiting characteristics of impulsiveness, suggesting strong and directional movement within the corrective phase. The "STRUCTURE" is labeled as "red wave 3," 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 C," 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 HIGHER DEGREES" is identified as "red wave 4," suggesting the expected direction for the subsequent higher-degree wave. This indicates that once the current corrective phase completes, the market may resume its upward movement in the higher-degree Elliott Wave cycle. In the "DETAILS" section, it is mentioned that "red wave 2 of C looking completed now red wave 3 is in play and looking near to end." This suggests that the current corrective phase is expected to conclude soon, with the market likely to resume its upward movement thereafter. The "Wave Cancel invalid level" is specified as 0.61333, 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 NZD/USD Elliott Wave Analysis for the 4-hour chart on 20 March 24, suggests a counter-trend corrective scenario, providing insights into potential price movements and key levels to monitor for potential trend reversals. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!

Unlocking ASX Trading Success: CSL Limited (CSL) Stock Analysis & Elliott Wave Technical Forecast ASX – CSL LIMITED (CSL) Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart), 20 March 24 Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with CSL Limited (CSL) shares. We have identified a Triangle correction pattern, indicating the potential for CSL to continue declining further. Today's update shows the potential for execution of trading opportunities ASX – CSL LIMITED (CSL) Elliott Elliott Wave Technical Analysis CSL LIMITED (ASX): CSL 1D Chart (Semilog Scale) Analysis Function: Major (Minute degree, green) Mode: Motive Structure: Impulse Position: Wave (c)-purple of Wave ((ii))-green Details: The short-term outlook indicates that wave ((i))-green has concluded, and wave ((ii))-green is currently unfolding as a Zigzag correction. Wave (a)-purple appears to have ended, and wave (b)-purple likely as well. Therefore, wave (c)-purple is now unfolding to decline further towards the immediate target at 261.91, while prices must consistently remain below 283.87. Invalidation point: 283.87 Elliott Wave Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation) ASX – CSL LIMITED (CSL) Elliott Elliott Wave Technical Analysis TradingLounge (4-Hour Chart), 20 March 24 CSL LIMITED (ASX): CSL Elliott Wave Technical Analysis CSL LIMITED (ASX): CSL 4-Hour Chart Analysis Function: Counter trend (Minuette degree, purple) Mode: Corrective Structure: Zigzag Position: Wave (c)-purple Details: The short-term outlook (4H Chart) suggests that wave (b)-purple may have concluded with the Triangle Correction and is now primed for a decline with wave (c)-purple. The target for this decline is around 261.91, or possibly lower, while prices consistently remain below the high at 283.87. Invalidation point: 283.87 Conclusion: Today's update will continue with the forecast made on 18 March 2024, to provide potential perspectives on trading opportunities with ASX:CSL. Our analysis, forecast of contextual trends, and short-term outlook for ASX: CSL LIMITED (CSL) 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).

Theta Token Elliottwave Crypto Price News Today - Technical Analysis Elliott Wave Analysis TradingLounge Daily Chart, Theta Token/ U.S. dollar(THETAUSD) THETAUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Flat Position: Wave ((4)) Direction Next higher Degrees: wave I of Impulse Wave Cancel invalid Level: Details: the corrective of Wave 4 has a trend to 38.2% of Wave 3 Theta Token/ U.S. dollar(THETAUSD)Trading Strategy: Theta Token overall is moving in an uptrend with an Impulse pattern where the third wave of the move is already complete. We are currently in a short-term pullback from the fourth wave correction. before prices rise again in the fifth wave. Wait for the correction to complete to rejoin the trend. Theta Token/ U.S. dollar(THETAUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4Hr Chart, 20 March 24, Theta Token/ U.S. dollar(THETAUSD) THETAUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Flat Position: Wave ((4)) Direction Next higher Degrees: wave I of Impulse Wave Cancel invalid Level: Details: the corrective of Wave 4 has a trend to 38.2% of Wave 3 Theta Token/ U.S. dollar(THETAUSD)Trading Strategy: Theta Token overall is moving in an uptrend with an Impulse pattern where the third wave of the move is already complete. We are currently in a short-term pullback from the fourth wave correction. before prices rise again in the fifth wave. Wait for the correction to complete to rejoin the trend. Theta Token/ U.S. dollar(THETAUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

Commodity Market Elliott Wave Analysis for Bitcoin, TLT Bonds, US 10 Yr. Yields, USD/ DXY, Gold, Silver, Iron Ore, Copper, Uranium, Crude Oil, Natural Gas Elliott Wave Analysis Update for Commodity Markets: An overview of the current trends across various commodities and financial instruments, including Bitcoin, TLT Bonds, US 10-Year Yields, the USD Dollar Index (DXY), as well as gold, silver, iron ore, copper, uranium, crude oil, and natural gas. Bitcoin is nearing the completion of its Wave 4 correction, with potential trading opportunities emerging at the confirmed support level of $65k. In the currency markets, the USD Dollar Index (DXY) is expected to rise, mirroring movements in 10-Year Yields, while bonds are anticipated to decline. This is particularly relevant in light of today's FOMC announcement, which foreign exchange traders should monitor closely. In the precious metals sector, both gold and silver are finalizing their minor Wave 4 corrections, after which they are expected to ascend. The outlook for base metals is varied; iron ore is on a downward trajectory, whereas copper is showing signs of an uptrend, and uranium is undergoing a Wave 4 correction. Regarding energy commodities, natural gas is experiencing a brief rally, though this trend is not expected to last, suggesting that shorting at new lows could be advisable. Conversely, WTI crude oil is on an upward path, continuing its positive momentum. Video Chapters 00:00 Bitcoin (BTC) 08:58 US Dollar Index, DXY / TLT Bonds. US Gov Bonds 10 Yr Yields 15:28 Precious Metals: Spot Gold XAU /GDX ETF / US Spot Silver XAG 18:56 Base Metals: Iron Ore, Copper XCU/USD. Uranium URA ETF / China / Nickel / Lithium 21:40 Energy: Crude Oil WTIOIL / Natural Gas NG 29:48 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge. com Join & Learn 6 Elliott Wave Experts

AMZN Elliott Wave Analysis Trading Lounge Daily Chart, 19 March 24 Amazon.com Inc., (AMZN) Daily Chart AMZN Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Intermediate wave (5). DIRECTION: Wave 1 of (5). DETAILS: As we are approaching ATH we are considering the move from the 80$ bottom to be part of wave (5). In the most bearish of scenarios you could argue this is not wave 1 of (5), but wave (5). AMZN Elliott Wave Analysis Trading Lounge 4Hr Chart, 19 March 24 Amazon.com Inc., (AMZN) 4Hr Chart AMZN Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minor wave 1. DIRECTION: Minute wave {v} of 1. DETAILS: Looking for continuation lower into wave (iv) as we seem to be needing further downside. Looking for support around 38.2% fib retracement to then target TL2 at 200$. Welcome to our AMZN Elliott Wave Analysis Trading Lounge, where we provide comprehensive insights into Amazon.com Inc. (AMZN) using Elliott Wave Technical Analysis. Let's delve into the market dynamics as of the Daily Chart on 19th March 24. * AMZN Elliott Wave Technical Analysis – Daily Chart* Our analysis reveals a trending function characterized by impulsive mode and motive structure, positioned in Intermediate wave (5). The direction indicates Wave 1 of (5) as we near the all-time high (ATH). While some argue this could be wave (5) in the most bearish scenarios, we consider it as part of wave (5) from the $80 bottom. * AMZN Elliott Wave Technical Analysis – 4Hr Chart* Here, we also identify a trending function marked by impulsive mode and motive structure, positioned in Minor wave 1. The direction suggests Minute wave {v} of 1. We anticipate a continuation lower into wave (iv), indicating a need for further downside. Our analysis targets support around the 38.2% Fibonacci retracement level, with TL2 at $200 as the next target.

Silver Elliott Wave Analysis- ‘Buy the Dip’ to continue the rally? Silver Elliott Wave Analysis Function - Counter-trend Mode - Impulse Structure - Impulse Position - Wave 3 of (A) Direction - Wave 4 of (A) Details - Wave 4 dip is ongoing. Expected to be shallow probably toward 24.5 before resuming higher for wave 5 of (A). In slightly over a month, Silver surged over 13%, marking a bullish impulse wave rally poised to conclude the one-year range initiated in February 2023. A breakout from this range is essential to propel the commodity above $26.5, marking its first ascent beyond that mark since March 2022. This constitutes the overarching multi-month trend. Zooming in on shorter time frames, a dip is manifesting subsequent to the metal reaching its 2024 pinnacle. Despite this pullback, anticipations are for subsequent upward movements, targeting the psychological threshold of $26. In this Silver Elliott wave analysis, we'll scrutinize the structures, pivotal levels, and projected outcomes. Examining the daily timeframe, the price remains within a corrective rally that commenced at 16.56 in September 2022. A double zigzag pattern is discernible, expected to elongate toward the $30-30.18 range in the medium term. Wave W concluded with a zigzag, succeeded by X exhibiting a triangle pattern. Emerging from wave (E) of X, wave Y ascends higher, likely subdividing into three waves (A)-(B)-(C). Wave (A) nears completion around the 25 mark. Hence, for swing traders, the optimal strategy is to buy into the forthcoming dip after wave (B). Meanwhile, wave (A) might still witness one additional upward leg before the dip, as illustrated on the 4-hour chart. On the 4-hour chart, wave 3 of (A) is yielding ground to a wave 4 pullback and could find support within the 24.686-24.215 Fibonacci retracement zone if it gets there. Should this zone indeed provide support, followed by a rebound, another rally to 25.5-26 is foreseeable before a larger pullback for (B) commences. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here!

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).

Ethereum Crypto Price News Today - Elliott Wave Technical Analysis, Ethereum/ U.S. dollar(ETHUSD) ETHUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave (3) Direction Next higher Degrees: wave ((3)) of Impulse Wave Cancel invalid level: Details: Wave 3 may be complete and prices are corrected in wave 4. Ethereum/ U.S. dollar(ETHUSD)Trading Strategy: Ethereum is still in its Wave 3 rally, with two more moves missing to complete the Impulse pattern, a Wave 4 decline and a Wave 5 rally, so Ethereum is still bullish overall. is in a continuous upward trend Ethereum/ U.S. dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 19 March 24, Ethereum/ U.S. dollar(ETHUSD) ETHUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave (3) Direction Next higher Degrees: wave ((3)) of Impulse Wave Cancel invalid level: Details: Wave 3 may be complete and prices are corrected in wave 4 Ethereum/ U.S. dollar(ETHUSD)Trading Strategy: Ethereum is still in its Wave 3 rally, with two more moves missing to complete the Impulse pattern, a Wave 4 decline and a Wave 5 rally, so Ethereum is still bullish overall. is in a continuous upward trend Ethereum/ U.S. dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

TXN Elliott Wave Analysis Trading Lounge Daily Chart, 18 March 24 Texas Instruments Inc., (TXN) Daily Chart TXN Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minor wave 3. DIRECTION: Upside into wave 3. DETAILS: We are witnessing a three wave move from the 200$ ATH which seems to be corrective in nature as well as complete. We are now looking at the possibility of the resumption of the uptrend within Primary wave 5. TXN Elliott Wave Analysis Trading Lounge 4Hr Chart, 18 March 24 Texas Instruments Inc., (TXN) 4Hr Chart TXN Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave (i) of {iii}. DIRECTION: Upside into Minute wave {iii}. DETAILS: Looking for a three wave move into wave {ii} to now resume higher into wave {iii}. As we have taken the top of wave 1 out, we can have a stronger conviction of the overall upside resumption. Welcome to our TXN Elliott Wave Analysis Trading Lounge, where we provide in-depth insights into Texas Instruments Inc. (TXN) using Elliott Wave Technical Analysis. Let's explore the market dynamics as of the Daily Chart on 18th March 2024. * TXN Elliott Wave Technical Analysis – Daily Chart* Our analysis identifies a trending function characterized by impulsive mode and motive structure, positioned in Minor wave 3. The direction is on the upside into wave 3. We've observed a corrective three-wave move from the $200 all-time high (ATH), which appears to be complete. Now, our focus shifts to the possibility of the uptrend resuming within Primary wave 5. * TXN Elliott Wave Technical Analysis – 4Hr Chart* Here, we also identify a trending function marked by impulsive mode and motive structure, positioned in Wave (i) of {iii}. The direction is on the upside into Minute wave {iii}. We anticipate a three-wave move into wave {ii} followed by a resumption higher into wave {iii}. With the top of wave 1 taken out, we have increased conviction regarding the overall upside resumption.

Soybean Elliott Wave Analysis Function - Trend Mode - Corrective Structure - Zigzag Position - Red wave (4) of blue C Direction - Downwards for red wave (5) of blue C Details - Wave (4) hits a key resistance zone and could be held from further rally toward the 1327 invalidation level. A break below 1160 should be a starter for a further decline toward 1050. The resurgence of Soybean since 29th February 2024 is presenting a corrective structure within the broader context of a bearish trend prevailing since 15th November 2023. This corrective move suggests a potential retracement rather than a full-scale reversal of the preceding downtrend. Should this scenario materialize, it's plausible to anticipate a resurgence of selling pressure in the coming days or weeks, potentially leading to a breach of the most recent low and revisiting price levels not seen since October 2020. Employing the Elliott Wave Theory allows for a structural examination, offering insights that can aid in forecasting the future trajectory of this commodity with a heightened level of precision. Delving into the Elliott wave analysis of Soybean across both daily and H4 time frames provides a comprehensive understanding of its current dynamics. Examining the daily time frame, it becomes apparent that Soybean has been undergoing a prolonged bearish correction since June 2022. Corrections typically manifest in three distinct legs, denoted as A, B, and C. Wave A circled in blue, concluded with a diagonal pattern in October 2023, when Soybean was traded at $1251. Subsequently, wave B unfolded, exhibiting a shallow retracement of just over 23.6% Fibonacci ratio of A, culminating on 15th November 2023 for $1399. Following this, prices descended further as wave C commenced its progression. Notably, wave C is evolving through a five-wave impulse pattern, currently in the process of completing wave (4). Upon the completion of wave (4), wave (5) is expected to perpetuate the downward trajectory, finalizing wave C. The main question at this juncture pertains to whether wave (4) has indeed reached completion, a question that warrants scrutiny of the sub-waves within (4) on the H4 time frame. Transitioning to the H4 time frame, wave (4) is unfolding through a double zigzag pattern marginally beneath the 38.2% Fibonacci retracement level of (3). Early indications such as the emergence of a 'hammer' H4 reversal candlestick pattern and the presence of price-momentum divergence suggest the potential completion of (4). Nevertheless, the prevailing bearish response thus far fails to provide conclusive evidence. A decisive impulsive break below the range of 1175 to 1160 is deemed necessary to fortify the case for (4) having concluded. Should such a breach occur, the probability significantly escalates for wave (5) to extend its downward trajectory, potentially targeting price levels around 1122 or even lower towards 1094. In conclusion, the Elliott wave analysis of Soybean across both daily and H4 time frames suggests a corrective bounce within the broader context of a protracted bearish corrective phase. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here!

EURUSD Elliott Wave Analysis Trading Lounge Day Chart, 18 March 24 Euro/U.S.Dollar (EURUSD) Day Chart EURUSD Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: red wave 3 POSITION:blue wave 3 DIRECTION NEXT LOWER DEGREES:Red wave 4 DETAILS: Red wave 2 of 1 looking completed or near to end . Now Red wave 3 of blue wave 3 may be in play . Wave Cancel invalid level: 1.07962 The EUR/USD Elliott Wave Analysis for the day chart on 18 March 24, provides insights into the potential price movements of the Euro/U.S. Dollar currency pair using Elliott Wave principles within technical analysis. Identified as a "Trend" scenario, the analysis focuses on capturing and interpreting price movements in alignment with the prevailing direction, indicating a current trend in the pair. Described as "Impulsive," the "MODE" indicates that the current price action exhibits characteristics of impulsive waves within Elliott Wave theory. Impulsive waves typically denote strong and directional movements in the market. The "STRUCTURE" is labeled as "Red wave 3," suggesting the current phase within the broader Elliott Wave count. This implies that the market is currently experiencing a significant upward movement, likely the third wave within the larger Elliott Wave cycle. Positioned as "Blue wave 3," the analysis suggests that the current price movement is part of the third wave within the ongoing Elliott Wave count. This indicates that the market has advanced further within the current wave cycle, possibly signaling a continuation of the bullish trend. The "DIRECTION NEXT LOWER DEGREES" is identified as "Red wave 4," indicating the anticipated direction for the subsequent lower-degree wave. This implies an expectation of a corrective phase following the completion of the current upward wave. In the "DETAILS" section, it is mentioned that "Red wave 2 of 1 looking completed or near to end. Now Red wave 3 of blue wave 3 may be in play." This suggests that the previous corrective phase has either concluded or is nearing completion, with the market potentially entering a new impulsive phase. The "Wave Cancel invalid level" is specified as 1.07962, 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 EUR/USD Elliott Wave Analysis for the day chart on 18 March 24, suggests a trend scenario characterized by impulsive upward movements, with the market potentially entering the third wave of the ongoing cycle. The Wave Cancel invalid level provides a reference point for monitoring potential shifts in the wave count and trend dynamics. EURUSD Elliott Wave Analysis Trading Lounge 4 Hour Chart, 18 March 24 Euro/U.S.Dollar (EURUSD) 4 Hour Chart EURUSD Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: red wave 3 POSITION:blue wave 3 DIRECTION NEXT LOWER DEGREES:Red wave 4 DETAILS: Red wave 2 of 1 looking completed or near to end . Now Red wave 3 of blue wave 3 may be in play . Wave Cancel invalid level: 1.07962 The EUR/USD Elliott Wave Analysis for the 4-hour chart on 18 March 24, provides insights into potential price movements in the Euro/U.S. Dollar currency pair, employing Elliott Wave principles within the realm of technical analysis. Identified as a "Trend" scenario, the analysis underscores a focus on capturing and interpreting price movements in alignment with the prevailing direction, indicating a current trend in the pair. Described as "Impulsive," the "MODE" indicates that the current price action exhibits characteristics of impulsive waves within Elliott Wave theory. Impulsive waves typically denote strong and directional movements in the market. The "STRUCTURE" is labeled as "Red wave 3," suggesting the current phase within the broader Elliott Wave count. This implies that the market is currently experiencing a significant upward movement, likely the third wave within the larger Elliott Wave cycle. Positioned as "Blue wave 3," the analysis suggests that the current price movement is part of the third wave within the ongoing Elliott Wave count. This implies that the market has advanced further within the current wave cycle, possibly indicating a continuation of the bullish trend. The "DIRECTION NEXT LOWER DEGREES" is identified as "Red wave 4," indicating the anticipated direction for the subsequent lower-degree wave. This implies an expectation of a corrective phase following the completion of the current upward wave. In the "DETAILS" section, it is mentioned that "Red wave 2 of 1 looking completed or near to end. Now Red wave 3 of blue wave 3 may be in play." This suggests that the previous corrective phase has either concluded or is nearing completion, with the market potentially entering a new impulsive phase. The "Wave Cancel invalid level" is specified as 1.07962, 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 EUR/USD Elliott Wave Analysis for the 4-hour chart on 18 March 24, suggests a trend scenario characterized by impulsive upward movements, with the market potentially entering the third wave of the ongoing cycle. The Wave Cancel invalid level provides a reference point for monitoring potential shifts in the wave count and trend dynamics. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!

Chainlink Crypto Price News Today Elliott Wave Analysis Chainlink/ U.S. dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave V Direction Next higher Degrees: Wave (I) of Impulse Wave Cancel invalid Level: 8.498 Details: It is likely to increase further as Wave 5 continues to expand. Chainlink/ U.S. dollar(LINKUSD)Trading Strategy: Chainlink continues to trend higher from the 5th Wave surge, but even then, the 5th Wave will provide a warning before a correction or trend change. Therefore, trading during this period should be done with caution. Chainlink/ U.S. dollar(LINKUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4Hr Chart, 17 March 24, Chainlink/ U.S. dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave V Direction Next higher Degrees: Wave (I) of Impulse Wave Cancel invalid Level: 8.498 Details: It is likely to increase further as Wave 5 continues to expand. Chainlink/ U.S. dollar(LINKUSD)Trading Strategy: Chainlink continues to trend higher from the 5th Wave surge, but even then, the 5th Wave will provide a warning before a correction or trend change. Therefore, trading during this period should be done with caution. Chainlink/ U.S. dollar(LINKUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

Elliott Wave Analysis and Trading Strategies for the Stock Market: Insights on NASDAQ 100, Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL) Updated Elliott Wave Analysis: A comparative study of Elliott wave patterns across the S&P 500, Nasdaq, Bitcoin, and specific stocks like JPMorgan and various tech stocks reveals significant insights, particularly from a timing perspective. It appears that many stocks are concluding their Wave 4 phase and are poised for an upward trajectory. Consequently, aligning trades with this anticipated uptrend—either by employing the Classic TradingLevels pattern for setup or by capitalizing on new highs in accordance with the trend—represents a strategic approach to navigating the market.

PG Elliott Wave Analysis Trading Lounge Daily Chart, 15 March 24 The Procter & Gamble Company, (PG) Daily Chart PG Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave (3). DIRECTION: Upside in wave 1 of (3). DETAILS: We are still trading below ATH, as we are approaching the bottom of MG2 at 165$ where we are expecting resistance. PG Elliott Wave Analysis Trading Lounge 4Hr Chart, 15 March 24 The Procter & Gamble Company, (PG) 4Hr Chart PG Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave (v) of {iii}. DIRECTION: Upside into wave (v). DETAILS: Looking for further upside into wave (v) as we could have completed wave i of (v). As mentioned, I’d expect 165$ to act as resistance, even if we have touched 1618 {iii} vs. {i} at 162$. Welcome to our PG Elliott Wave Analysis Trading Lounge, your go-to resource for comprehensive insights into The Procter & Gamble Company (PG) using Elliott Wave Technical Analysis. Let's delve into the market dynamics as of the Daily Chart on 15th March 2024. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here! * PG Elliott Wave Technical Analysis – Daily Chart* In our analysis, we identify a trending function characterized by impulsive mode and motive structure. Positioned in Wave (3), our focus is on the upside movement in wave 1 of (3). While we're still trading below the all-time high (ATH), we anticipate encountering resistance as we approach the bottom of MG2 at $165. * PG Elliott Wave Technical Analysis – 4Hr Chart* Here, we also observe a trending function marked by impulsive mode and motive structure. Positioned in Wave (v) of {iii}, our attention is on the upside movement into wave (v). We anticipate further upward momentum, considering the possibility of completing wave i of (v). Despite touching $162, we expect $165 to serve as resistance, especially given its significance in the Elliott Wave framework.

AUDJPY Elliott Wave Analysis Trading Lounge Day Chart, 15 March 24 Australian Dollar / Japanese Yen(AUDJPY) Day Chart AUDJPY Elliott Wave Technical Analysis FUNCTION: Trend MODE: impulsive STRUCTURE: Red wave 3 POSITION: Blue wave 1 DIRECTION NEXT HIGHER DEGREES: red wave 4 DETAILS red wave 2 of 1 looking completed at 98.234, now red wave 3 of 1 is in play . Wave Cancel invalid level: 99.078 The AUD/JPY Elliott Wave Analysis for the day chart on 15 March 24, offers insights into potential price movements in the Australian Dollar/Japanese Yen currency pair, applying Elliott Wave principles within the framework of technical analysis. Identified as a "Trend" scenario, the analysis suggests a focus on capturing and interpreting price movements aligned with the prevailing direction, indicating an ongoing upward trend in the pair. Described as "impulsive," the "MODE" indicates that the current price action displays characteristics of impulsive waves within Elliott Wave theory. Impulsive waves typically represent strong and directional movements in the market. The "STRUCTURE" is labeled as "Red wave 3," signifying the current phase within the broader Elliott Wave count. This suggests that the market is currently experiencing a significant upward movement, likely the third wave within the larger Elliott Wave cycle. Positioned as "Blue wave 1," the analysis indicates that the current price movement is part of the initial wave within the ongoing Elliott Wave count. This implies that the market has recently initiated a new upward cycle after completing a corrective phase. The "DIRECTION NEXT HIGHER DEGREES" is identified as "red wave 4," suggesting the anticipated direction for the subsequent higher-degree wave. This implies an expectation of a corrective phase following the completion of the current upward wave. In the "DETAILS" section, it is mentioned that "red wave 2 of 1 looking completed at 98.234, now red wave 3 of 1 is in play." This indicates that the previous corrective phase has concluded, and the market is now in the midst of the third wave of the current cycle. The "Wave Cancel invalid level" is specified as 99.078, 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 AUD/JPY Elliott Wave Analysis for the day chart on 15 March 24, suggests a trend scenario characterized by impulsive upward movements, with the market currently in the third wave of the ongoing cycle. The Wave Cancel invalid level provides a reference point for monitoring potential shifts in the wave count and trend dynamics. AUDJPY Elliott Wave Analysis Trading Lounge 4 Hour Chart, 15 March 24 Australian Dollar / Japanese Yen(AUDJPY) 4 Hour Chart AUDJPY Elliott Wave Technical Analysis FUNCTION: Trend MODE: impulsive STRUCTURE: Red wave 3 POSITION: Blue wave 1 DIRECTION NEXT HIGHER DEGREES: red wave 4 DETAILS red wave 2 of 1 looking completed at 98.234, now red wave 3 of 1 is in play . Wave Cancel invalid level: 99.078 The AUD/JPY Elliott Wave Analysis for the 4-hour chart on 15 March 24, offers insights into potential price movements in the Australian Dollar/Japanese Yen currency pair, utilizing Elliott Wave principles within the framework of technical analysis. Identified as a "Trend" scenario, the analysis focuses on capturing and interpreting price movements aligned with the prevailing direction. This suggests an emphasis on identifying opportunities to participate in the ongoing upward movement in the pair. Described as "impulsive," the "MODE" indicates that the current price action exhibits characteristics of impulsive waves within Elliott Wave theory. Impulsive waves typically represent strong and directional movements in the market. The "STRUCTURE" is labeled as "Red wave 3," signifying the current phase within the broader Elliott Wave count. This suggests that the market is currently in the midst of a significant upward movement, likely the third wave within the larger Elliott Wave cycle. Positioned as "Blue wave 1," the analysis indicates that the current price movement is part of the initial wave within the ongoing Elliott Wave count. This implies that the market has just begun a new upward cycle after completing a corrective phase. The "DIRECTION NEXT HIGHER DEGREES" is identified as "red wave 4," suggesting the anticipated direction for the subsequent higher-degree wave. This implies an expectation of a corrective phase following the completion of the current upward wave. In the "DETAILS" section, it is mentioned that "red wave 2 of 1 looking completed at 98.234, now red wave 3 of 1 is in play." This indicates that the previous corrective phase has concluded, and the market is now in the midst of the third wave of the current cycle. The "Wave Cancel invalid level" is specified as 99.078, 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 AUD/JPY Elliott Wave Analysis for the 4-hour chart on 15 March 24, suggests a trend scenario characterized by impulsive upward movements, with the market currently in the third wave of the ongoing cycle. The Wave Cancel invalid level provides a reference point for monitoring potential shifts in the wave count and trend dynamics. Technical Analyst : Malik Awais

Elliott Wave Analysis TradingLounge Daily Chart, 15 March 24, Binance coin/ U.S. dollar(BNBUSD) BNBUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave 3 Direction Next higher Degrees: wave (3)) Wave Cancel invalid level: 287.5 Details: Wave 3 is equal to 261.8% of wave 1 at 592.8 Binacecoin/ U.S. dollar(BNBUSD)Trading Strategy: BNB is still in an uptrend. and there is still an opportunity to continually increase In the increase of Wave 3, there is a chance to test the 717.0 level because the internal sub-waves of Wave 3 are not complete yet, causing the price to still have a chance to move higher. Binacecoin/ U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Elliott Wave Analysis TradingLounge 4H Chart, 15 March 24, Binacecoin/ U.S. dollar(BNBUSD) BNBUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave 3 Direction Next higher Degrees: wave (3)) Wave Cancel invalid level: 287.5 Details: Wave 3 may be complete and prices are corrected in wave 4. Binance coin/ U.S. dollar(BNBUSD)Trading Strategy: BNB is still in an uptrend. and there is still an opportunity to continually increase In the increase of Wave 3, there is a chance to test the 717.0 level because the internal sub-waves of Wave 3 are not complete yet, causing the price to still have a chance to move higher. Binacecoin/ U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

They are just Meme tokens, ok for short term pump dump trades. but not HODLing

Update on Elliott Wave Analysis: The positive Core PPI is good for the USD, meaning Yields up, Bonds lower and this stronger dollar can effective different stocks positively or negatively. That said Indices and stocks are trending higher in the main trend and I'm staying with this trend. the trick is navigating the dips and this is what I'm talking about in this video, when and how to buy the dip on the first Elliott wave impulse wave to the upside, and we need the US indices positive in the Friday morning session, otherwise in Elliott wave terms we are moving into a larger correction Wave 4 of (3) which the DAX 40 is close to. Video Chapters 00:00 SP 500 (SPX) 09:07 NASDAQ (NDX) 11:46 Russell 2000 (RUT) 13:05 DAX 40 (DAX) 17:04 FTSE 100 UKX (UK100) 20:09 ASX 200 (XJO) 27:21 End Analyst Peter Mathers TradingLounge™

WTI Elliott Wave Technical Analysis Function - Counter-trend Mode - Corrective Structure - Zigzag Position - Blue wave x of Y of red wave (B) Direction - Upwards for blue wave y of Y of (B) Details - Bullish response shows the probable end of blue wave x of Y. Blue y of Y is progressing and expected above 82 WTI (West Texas Intermediate) crude oil closed on a bullish note on the 13th of March and has continued its upward trajectory, inching closer to surpassing the 80.85 resistance level as it moves towards higher price levels. Through a comprehensive analysis using Elliott Wave Theory, we can anticipate further upward movement in the context of a bullish correction from the low of 67.81 to the high of 83.2. Understanding the dynamics of this move is crucial for traders seeking opportunities to enter the market before the broader bearish trend resumes. Examining the daily chart reveals a long-term trend that suggests a corrective pattern unfolding, likely forming a zigzag wave structure labeled as (A), (B), and (C) of blue wave Y. This corrective phase constitutes the third leg of a larger double zigzag pattern that commenced back in March 2022. Presently, the market is undergoing an upward movement, identified as a double zigzag wave (B) originating from the low of 67.81, with a projected target of 83.25, representing an equal leg extension. Zooming into the H4 timeframe, it becomes apparent that wave (B) is unfolding as a double zigzag pattern denoted by blue waves w-x-y (circled). Waves w and x have likely concluded, with the latter terminating around 76.83. The ongoing phase, blue wave y, is anticipated to extend further in another double zigzag pattern, aiming for the 83.2 target. Despite encountering resistance around the key psychological level of 80, there's a growing expectation for a breakout above it in the near future. Traders should anticipate a potential wave (b) pullback upon the completion of wave (a). Should this correction materialize, it could provide traders with an opportunity to enter the market for wave (c), targeting the 83.25 level, with the invalidation level set at 76.83. This intricate analysis offers insights into the probable trajectory of WTI crude oil prices, enabling traders to strategically position themselves in the market amidst the ongoing wave dynamics. Technical Analyst : Sanmi Adeagbo

KO Elliott Wave Analysis Trading Lounge Daily Chart, 14 March 24 The Coca-Cola Company, (KO) Daily Chart KO Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave (1) of Primary 3. DIRECTION: Upside into wave 3 of (1). DETAILS: We are looking for further upside into wave 3 as we have yet to take the highs of wave (X) out, to give us additional confirmation. KO Elliott Wave Analysis Trading Lounge 4Hr Chart, 14 March 24 The Coca-Cola Company, (KO) 4Hr Chart KO Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {i} of 3. DIRECTION: Upside into wave 3. DETAILS: Looking for a break of wave {b} to have additional confirmation wave 2 if complete. We are seeing increasing volume on this move up from wave {c} bottom which confirms the bulls case. Welcome to our KO Elliott Wave Analysis Trading Lounge, your premier destination for comprehensive insights into The Coca-Cola Company (KO) using Elliott Wave Technical Analysis. Let's explore the market dynamics as of the Daily Chart on 14th March 24. * KO Elliott Wave Technical Analysis – Daily Chart* In our analysis, we identify a trending function characterized by impulsive mode and motive structure. Positioned in Wave (1) of Primary 3, our focus is on the upside movement into wave 3 of (1). We anticipate further upward momentum, aiming to surpass the highs of wave (X) to provide additional confirmation of the bullish trend. * KO Elliott Wave Technical Analysis – 4Hr Chart* Here, we also observe a trending function marked by impulsive mode and motive structure. Positioned in Wave {i} of 3, our attention is on the upside movement into wave 3. We anticipate a break of wave {b} to confirm the completion of wave 2. Notably, the increasing volume accompanying the upward movement from wave {c} bottom strengthens the bullish case.

GBPJPY Elliott Wave Analysis Trading Lounge Day Chart, 14 March 24 British Pound/Japanese Yen(GBPJPY) Day Chart GBPJPY Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE:impulsive as C STRUCTURE: blue wave 2 POSITION: black wave C DIRECTION NEXT LOWER DEGREES:blue wave 3 DETAILS: blue wave 2 of C looking is in play and looking near to end After that wave 3 will start. Wave Cancel invalid level: 191.304 The GBP/JPY Elliott Wave Analysis for the day chart on 14 March 24, provides insights into potential price movements in the British Pound/Japanese Yen currency pair, employing Elliott Wave principles within the framework of technical analysis. Identified as a "Counter Trend" scenario, the analysis suggests a focus on identifying and interpreting price movements that run counter to the prevailing trend. This indicates an emphasis on capturing potential reversals or corrective phases within the broader trend direction. The specified "MODE" is characterized as "impulsive as C," which implies that the current corrective phase (labeled as C) is exhibiting impulsive characteristics. Impulsive waves typically represent strong directional movements within Elliott Wave theory. The "STRUCTURE" is denoted as "blue wave 2," indicating the current corrective wave within the Elliott Wave count. This suggests that the market is undergoing a corrective phase following a preceding impulsive movement. The "POSITION" is described as "black wave C," signifying the placement of the current corrective wave within the larger Elliott Wave structure. Black wave C represents a higher-degree wave within the ongoing Elliott Wave count, indicating its significance in the overall price action. "DIRECTION NEXT LOWER DEGREES" is identified as "blue wave 3," suggesting the anticipated direction for the subsequent lower-degree wave. This implies an expectation of a continuation of the corrective phase following the completion of the current wave. In the "DETAILS" section, it is mentioned that "blue wave 2 of C is in play and looking near to end. After that wave 3 will start." This indicates that the current corrective phase (blue wave 2 of C) is nearing completion, with an anticipation of a subsequent wave 3 to commence. The "Wave Cancel invalid level" is set at 191.304, 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 GBP/JPY Elliott Wave Analysis for the day chart on 14 March 24, suggests a counter-trend scenario characterized by an impulsive corrective phase labeled as blue wave 2 within the broader context of black wave C. The analysis anticipates the completion of the current corrective wave, followed by the initiation of a new phase represented by wave 3. The Wave Cancel invalid level at 191.304 provides a reference point for monitoring potential shifts in the wave count and trend dynamics. GBPJPY Elliott Wave Analysis Trading Lounge 4 Hour Chart, 14 March 24 British Pound/Japanese Yen(GBPJPY) 4 Hour Chart GBPJPY Elliott Wave Technical Analysis FUNCTION: Trend MODE:Corrective STRUCTURE: blue wave 2 POSITION: black wave C DIRECTION NEXT LOWER DEGREES:blue wave 3 DETAILS: blue wave 2 of C looking is in play and looking near to end After that wave 3 will start. Wave Cancel invalid level: 191.304 The GBP/JPY Elliott Wave Analysis for the 4-hour chart on 14 March 24, provides insights into potential price movements in the British Pound/Japanese Yen currency pair, utilizing Elliott Wave principles within the framework of technical analysis. The identified "FUNCTION" is "Trend," indicating a focus on identifying and interpreting directional movements within the prevailing trend. This suggests an emphasis on capturing and understanding sustained price trends. The specified "MODE" is characterized as "Corrective," suggesting that the market is currently in a phase of price correction within the broader trend. Corrective phases typically represent temporary counter-trend movements. The "STRUCTURE" is denoted as "blue wave 2," highlighting the current corrective wave within the Elliott Wave count. In Elliott Wave theory, corrective waves serve to counteract the primary trend and often occur in three-wave patterns. The "POSITION" is described as "black wave C," indicating the placement of the current corrective wave within the larger Elliott Wave structure. Black wave C signifies a higher-degree wave within the ongoing Elliott Wave count. "DIRECTION NEXT LOWER DEGREES" is identified as "blue wave 3," suggesting the anticipated direction for the subsequent lower-degree wave. This implies an expectation of a continuation of the corrective phase following the completion of the current wave. In the "DETAILS" section, it is mentioned that "blue wave 2 of C is in play and looking near to end. After that wave 3 will start." This signifies that the current corrective phase (blue wave 2 of C) is nearing completion, with an anticipation of a subsequent wave 3 to commence. The "Wave Cancel invalid level" is set at 191.304, 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 GBP/JPY Elliott Wave Analysis for the 4-hour chart on 14 March 24, suggests a corrective phase labeled as blue wave 2 within the broader context of black wave C. The analysis anticipates the completion of the current corrective wave, followed by the initiation of a new phase represented by wave 3. The Wave Cancel invalid level at 191.304 provides a reference point for monitoring potential shifts in the wave count and trend dynamics.