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ASX: COCHLEAR LIMITED - COH Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with COCHLEAR LIMITED - COH. We have identified a potential opportunity with wave ((v))-green opening up to push higher, following the wave ((iv))-green that just ended. ASX: COCHLEAR LIMITED - COH Elliott Wave Technical Analysis ASX: COCHLEAR LIMITED - COH 1D Chart (Semilog Scale) Analysis Function: Major trend (Minor degree, red) Mode: Motive Structure: Impulse Position: Wave ((v))-green of Wave 5-red Details: The short-term outlook indicates that wave 5-red is unfolding to push higher, while wave ((iv))-green appears to be nearing completion. This sets the stage for the resurgence of wave ((v))-green to push higher, targeting 371.48. While price sustaining above the 323.00 level would be a significant advantage and provide good support for this outlook. Invalidation point: 305.80 ASX: COCHLEAR LIMITED - COH Elliott Wave Technical Analysis TradingLounge (4-Hour Chart) ASX: COCHLEAR LIMITED - COH Elliott Wave Technical Analysis ASX: COCHLEAR LIMITED - COH 4-Hour Chart Analysis Function: Major trend (Minor degree, red) Mode: Motive Structure: Impulse Position: Wave ((v))-green of Wave 5-red Details: The shorter-term outlook suggests that wave ((iv))-green appears to have just concluded around 323.00, and wave ((v))-green is now unfolding to push higher. It is targeting an immediate goal around 358.76, or possibly even further to 371.48, while the price must remain above the 323.00 level. Invalidation point: 323.00 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: COCHLEAR LIMITED - COH 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).

NASDAQ Stock Market Elliott Wave Analysis and Strategy: Insights on NASDAQ 100, Top-Tier Stocks Including Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), and Alphabet (GOOGL) In our Elliott Wave analysis of the NASDAQ stock market, we anticipate that indices will experience an uptrend, mirroring the positive trajectory observed in stocks such as Amazon (AMZN). However, several stocks are poised for a minor decline as they approach the completion of their Wave 4 corrections. Notably, Apple (AAPL) and Tesla (TSLA) may face a more significant downturn. Additionally, we examine JPMorgan Chase & Co. (JPM), highlighting the upward trend in banking stocks that aligns with the overall upward movement of the SP500 and AMZN. Video Chapters 00:00 NASDAQ 100 (NDX) SPX 05:08 Apple (AAPL) 05:31 Amazon (AMZN) 07:14 Meta Platforms (META) 08:07 NVIDIA (NVDA) 09:22 Netflix (NFLX) 09:53 Alphabet (GOOGL) 11:03 Microsoft MSFT 11:49 Tesla (TSLA) Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge.com

Corn Elliott wave analysis Function - Trend Mode - Impulsive Structure - Impulse Wave Position - Wave 2 in progress Direction - Upwards for wave 3 Details - A break below 434 means wave 2 is taking a lower leg for an expanding flat and could enter 423-415. Not much has changed since the last update. In the intricate world of commodities trading, particularly in the realm of corn prices, the Elliott wave theory offers a compelling lens through which we can analyze recent movements and anticipate future trends. As of the time of crafting this analysis, corn prices have embarked on a retracement journey following a notable surge of over 12% witnessed between the dates of 26 February 2024 and 12 March 2024. Presently hovering below the $430 mark, indications suggest a continuation of this pullback trajectory, potentially dipping below the $420 threshold. However, amidst this temporary setback, glimmers of optimism emerge from the shadows, hinting at a forthcoming resurgence echoing the momentum initiated on 26 February, when prices bottomed out at $394. To fully grasp the potential trajectory of corn prices, let's delve into the historical context provided by the Elliott wave theory. In April 2022, corn traded at a robust $814, albeit falling slightly shy of its peak in 2012 at $846. From this pinnacle, the price embarked on a tumultuous descent, plummeting to $394—a staggering 52% decline within approximately 22 months. Within this tumultuous period, the market completed three distinct swings, painting a picture of either an impulse or a simple A-B-C pattern. Should the former scenario hold, the completion of the third wave suggest a forthcoming minor bullish correction, potentially manifesting as the fourth wave. Conversely, in the latter scenario, a bullish correction remains probable, if not an outright impulse upside. In either case, the prevailing sentiment leans towards a bullish reaction, with the path of least resistance indicating at least a three-wave bounce. This sentiment gains traction with the inception of sub-waves within the broader blue wave A, emanating from the $394 low. Zooming into the H4 timeframe, we discern the intricate dance of waves unfolding before our eyes. The completion of wave 1 within the blue A wave sets the stage for the ongoing progression of wave 2, poised to carve its path within the 424-413 zone before pivoting upwards for wave 3. Uncertainties loom, as we await confirmation of wave 3's commencement, signaled by the breach of the $445 pinnacle. In this tapestry of market dynamics, opportunities abound for astute traders poised to capitalize on the unfolding patterns. With the potential for blue wave A to ascend to lofty heights of $500, buying the dips will be the way to go. As we navigate the ebbs and flows of corn prices through the lens of Elliott wave analysis, we stand primed to seize the opportunities that lie ahead, armed with insights gleaned from a meticulous examination of market dynamics. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com

AAPL Elliott Wave Analysis Trading Lounge Daily Chart, 28 March 2024 Apple Inc., (AAPL) Daily Chart AAPL Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave (5) DIRECTION: Upside in wave 3 of (5). DETAILS: We are looking at Apple being in a larger correction, differentiating from the rest of the major SPX components. We are exploring the possibility of a triangle in wave {b} of 2 or else we could also be in some sort of complex correction swill in wave 2. AAPL Elliott Wave Analysis Trading Lounge 4H Chart, 28 March 2024 Apple Inc., (AAPL) 4H Chart AAPL Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {iii} of 3. DIRECTION: Upside in wave {iii}. DETAILS: Here we explore the possibility of further upside into wave {iii} as there is a possibility for a five wave move into wave {i} and we are finding support on the middle of MG2 at 172$. Looking for continuation higher to give us additional confirmation. Welcome to our AAPL Elliott Wave Analysis Trading Lounge, where we delve into Apple Inc. (AAPL) using Elliott Wave Technical Analysis. Let's uncover the market dynamics on the Daily Chart as of March 28, 2024. *AAPL Elliott Wave Technical Analysis – Daily Chart* Our analysis indicates a trending function characterized by impulsive mode and motive structure, positioned in Wave (5). The direction signals an upside momentum in wave 3 of (5). Apple appears to be undergoing a larger correction, setting it apart from other major SPX components. We're currently exploring the possibility of a triangle formation in wave {b} of 2, or alternatively, we could be experiencing a complex correction within wave 2. * AAPL Elliott Wave Technical Analysis – Daily Chart* Here, we also identify a trending function marked by impulsive mode and motive structure, positioned in Wave {iii} of 3. The direction indicates an upside trajectory in wave {iii}. Our analysis suggests the potential for further upside into wave {iii}, supported by the possibility of a five-wave move into wave {i}. We are currently finding support around the middle of MG2 at $172, anticipating continuation higher to provide additional confirmation. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here!

AUDJPY Elliott Wave Analysis Trading Lounge Day Chart, Australian Dollar / Japanese Yen (AUDJPY) Day Chart AUDJPY Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: impulsive STRUCTURE: blue wave 1 POSITION: Black wave C DIRECTION NEXT HIGHER DEGREES: blue wave 2 DETAILS : black wave B completed at 100.166 . Now blue wave 1 of C is in play. Wave Cancel invalid level:100.166 The AUDJPY Elliott Wave Analysis for the day chart provides insights into the potential price movements of the Australian Dollar against the Japanese Yen, utilizing Elliott Wave principles for technical analysis. Identified as a "Counter Trend" scenario, the analysis suggests that the current market direction opposes the prevailing trend, indicating a potential reversal or corrective movement against the broader price trend. This implies that traders may anticipate a temporary deviation from the primary trend before a potential resumption or reversal. Described as "impulsive" in mode, the analysis indicates that the current market movement exhibits characteristics of impulsive price action, suggesting strong and decisive movements in the direction of the current trend or counter trend move. The "STRUCTURE" is identified as "blue wave 1," providing clarity on the current wave count within the Elliott Wave cycle. This aids traders in understanding the ongoing counter trend move and its relation to the broader Elliott Wave pattern. Positioned as "Black wave C," the analysis highlights the current wave count within the counter trend move, indicating the specific phase of the corrective pattern within the broader Elliott Wave cycle. The "DIRECTION NEXT HIGHER DEGREES" is stated as "blue wave 2," suggesting the anticipated direction for the subsequent higher-degree wave. This implies that once the current counter trend move completes, the market may resume its upward movement within the broader Elliott Wave structure. In the "DETAILS" section, it is noted that "black wave B completed at 100.166. Now blue wave 1 of C is in play." This indicates that the current counter trend move is ongoing, with the expectation of further upside movement before a potential reversal or continuation of the broader trend. In summary, the AUDJPY Elliott Wave Analysis for the day chart offers traders valuable insights into potential counter trend movements, corrective phases, and critical levels to monitor within the broader Elliott Wave structure, aiding in informed trading decisions. AUDJPY Elliott Wave Analysis Trading Lounge 4 Hour Chart, Australian Dollar / Japanese Yen (AUDJPY) 4 Hour Chart AUDJPY Elliott Wave Technical Analysis FUNCTION: Trend MODE: corrective STRUCTURE: Red wave 2 POSITION: Blue wave 1 DIRECTION NEXT LOWER DEGREES: red wave 3 DETAILS red wave 1 of 1 looking completed at 98.500 ,now red wave 2 of 1 is in play. Wave Cancel invalid level:100.166 The AUDJPY Elliott Wave Analysis for the 4-hour chart provides insights into the potential price movements of the Australian Dollar against the Japanese Yen, employing Elliott Wave principles for technical analysis. Identified as a "Trend" scenario, the analysis suggests that the current market direction aligns with the prevailing trend, indicating a potential continuation of the broader price movement. This implies that traders may anticipate further movements in the direction of the established trend. Described as "corrective" in mode, the analysis indicates that the current market movement represents a corrective phase within the broader price action. This suggests that the current movement may serve to correct the preceding impulse wave, potentially leading to a temporary deviation from the primary trend before a potential resumption. The "STRUCTURE" is identified as "Red wave 2," providing clarity on the current wave count within the Elliott Wave cycle. This aids traders in understanding the ongoing corrective phase and its relation to the broader Elliott Wave pattern. Positioned as "Blue wave 1," the analysis highlights the current wave count within the corrective phase, indicating the specific phase of the corrective pattern within the broader Elliott Wave cycle. The "DIRECTION NEXT LOWER DEGREES" is stated as "red wave 3," suggesting the anticipated direction for the subsequent lower-degree wave. This implies that once the current corrective phase completes, the market may resume its downward movement within the broader Elliott Wave structure. In the "DETAILS" section, it is noted that "red wave 1 of 1 looking completed at 98.500, now red wave 2 of 1 is in play." This indicates that the current corrective phase is ongoing, with the expectation of further downside movement before a potential reversal and the start of a new trend. In summary, the AUDJPY Elliott Wave Analysis for the 4-hour chart offers traders valuable insights into potential price movements, corrective phases, and critical levels to monitor within the broader Elliott Wave structure, aiding in informed trading decisions. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!

Unlocking ASX Trading Success: WISETECH GLOBAL LIMITED – WTC Stock Analysis & Elliott Wave Technical Forecast ASX: WISETECH GLOBAL LIMITED – WTC Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WISETECH GLOBAL LIMITED – WTC. We have identified a potential opportunity with wave (v)-purple, but first, we are observing and waiting to see how wave (iv)-purple will conclude. ASX: WISETECH GLOBAL LIMITED – WTC Elliott Wave Technical Analysis ASX: WISETECH GLOBAL LIMITED – WTC 1D Chart (Semilog Scale) Analysis Function: Major trend (Minute degree, green) Mode: Motive Structure: Impulse Position: Wave (iv)-purple of Wave ((iii))-green Details: The short-term outlook from the low at 57.79 indicates that wave 3-red is unfolding, subdividing into waves ((i)) and ((ii))-green. Once again, it subdivides into waves (i), (ii), and (iii)-purple, with some indications suggesting that wave (iii)-purple may have concluded, notably reaching the 200% Fibonacci extension level (Wave 3 = 200% of Wave 1). Therefore, wave (iv)-purple is unfolding to continue declining lower, seeking support around 90.46 - 86.21 (the 23.6% and 38.2% Fibonacci retracement levels). Wave (iv) may take some time to unfold before concluding, after which wave (v)-purple will follow to continue pushing higher. Invalidation point: 76.48 ASX: WISETECH GLOBAL LIMITED – WTC Elliott Wave Technical Analysis TradingLounge (4-Hour Chart) ASX: WISETECH GLOBAL LIMITED – WTC Elliott Wave Technical Analysis ASX: WISETECH GLOBAL LIMITED – WTC 4-Hour Chart Analysis Function: Major trend (Minute degree, green) Mode: Motive Structure: Impulse Position: Wave (iv)-purple of Wave ((iii))-green Details: The short-term outlook indicates that wave (iv)-purple is currently unfolding to push lower, followed by wave (v)-purple returning to continue pushing higher. At this point, I'm not sure if wave (iv) has concluded yet, as potential support for wave (iv) typically lies around 23.6% - 38.2%, and the price has not reached this target yet... Conversely, if it rises above the initial level of 99.82, it may renew the view that wave (v)-purple has resumed and will continue to push higher. Invalidation point: 76.48 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: WISETECH GLOBAL LIMITED – WTC 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).

Elliott Wave Analysis TradingLounge Daily Chart, NEO/ U.S. dollar(NEOUSD) NEOUSD 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: 9.85 Details: Wave (3) is Equal to 161.8% of Wave (1) at 24.52 NEO/ U.S. dollar(NEOUSD)Trading Strategy: NEO is still in an uptrend from Prices remain in the third wave price structure. We expect the price to test the 40.75 level, which is 161.8% of the length of the first wave. So look for opportunities to join the uptrend. NEO/ U.S. dollar(NEOUSD)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 NEO/ U.S. dollar(NEOUSD) NEOUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Zigzag Position: Wave (C) Direction Next higher Degrees: Wave ((2))) of Impulse Wave Cancel invalid Level: 9.85 Details: The Wave ((2)) is equal to 61.8% of Wave ((1)) at 14.24 NEO/ U.S. dollar(NEOUSD)Trading Strategy: NEO is still in an uptrend. But there may be a short-term pullback of the second wave at the level of 14.14 before rising again in the third wave. So wait for the correction to complete to rejoin the trend. NEO/ U.S. dollar(NEOUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum. Technical Analyst Kittiampon Somboonsod Source : Tradinglounge.com get trial here!

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: Lower volume heading into Easter holidays, creating corrective patterns in a toppy market, however the main trend is structurally stable regarding Elliott Impulse waves. We won’t add to current long positions into the holiday break, as we need to manage the current softness in these markets. The RUT, FTSE, DAX and ASX200 appear to be strong, however they will fall into small corrective pattern later in the next session. But we will hold longs through this. Video Chapters 00:00 SP 500 (SPX) 10:20 NASDAQ (NDX) 14:14 Russell 2000 (RUT) 14:48 DAX 40 (DAX) 19:33 FTSE 100 UKX (UK100) 22:58 S&P/ASX 200 (XJO) 27:23 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com Now Six Elliott Wave Analysts

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DIS Elliott Wave Analysis Trading Lounge Daily Chart The Walt Disney Company, (DIS) Daily Chart DIS Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave (1). DIRECTION: Upside in wave 5 of (1). DETAILS: After a major bear market that lasted 3 years we have seen support on top of TL1 at 100$. As we are continuing higher we could be facing support at the end of MG1 at 130$. DIS Elliott Wave Analysis Trading Lounge 4H Chart The Walt Disney Company, (DIS) 4H Chart DIS Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {iii} of 5. DIRECTION: Upside in wave {iii}. DETAILS: Here we are displaying a bit of a different count with a smaller wave 4 and a clear {i}-{ii} within wave 5. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here! Welcome to our DIS Elliott Wave Analysis Trading Lounge, where we dive into The Walt Disney Company (DIS) using Elliott Wave Technical Analysis. Let's uncover the market dynamics on the Daily Chart. *DIS Elliott Wave Technical Analysis – Daily Chart* Our analysis indicates a trending function characterized by impulsive mode and motive structure, positioned in Wave (1). The direction signals an upside momentum in wave 5 of (1). Following a significant bear market spanning three years, we've observed support atop TL1 at $100. As we continue to ascend, potential support may emerge around the conclusion of MG1 at $130. * DIS Elliott Wave Technical Analysis – 4Hr Chart* Here, we also identify a trending function marked by impulsive mode and motive structure, positioned in Wave {iii} of 5. The direction indicates an upside trajectory in wave {iii}. Our count reveals a nuanced perspective, depicting a smaller wave 4 and a clear {i}-{ii} delineation within wave 5.

WTI Elliott Wave Analysis Function - Counter-trend Mode - Corrective Structure - Zigzag Position - Wave (b) of ‘y’ Direction - Wave (b) of ‘y’ is still in play Details - A pullback for (b) is happening as expected. Wave (b) is expected to find support at 80 -79 inside the blue zone. Wave (c) should begin from there. Since mid-December 2023, WTI has been ascending in a corrective manner. During this period, the commodity has gained approximately 20%. However, taking a broader perspective, the bullish correction is expected to conclude, and the bearish trend that began in September 2023 will likely continue downward, potentially dipping below $67 and even further to $64.5, or at least correcting to a range of $75 to $70. Meanwhile, focusing on the corrective rally from mid-December once again, it appears that we may experience one more upward movement to $83.5 or possibly higher before the overarching bearish trend resumes. In this commodity blog post, we aim to identify where the next opportunity lies along the path of the corrective rally from mid-December before its culmination. On the daily chart, the decline from 130.9 (the top in March 2022) seems to be unfolding into a double zigzag pattern. Wave W (depicted in blue) concluded at 64.5 in March 2023, followed by a rally for wave X (also in blue) which terminated at 95 in September 2023. Subsequently, the downward movement that has been unfolding appears to be wave Y (in blue). Focusing on wave Y, it is anticipated to complete a three-swing move similar to the first two legs. Wave (A) ended in December 2023 and the subsequent rally from 67.8 is considered wave (B). Delving into wave (B), it seems to be forming a double zigzag, with waves W and X already completed and wave Y nearing its terminus. It is speculated that wave Y could extend to 83.5-84, which corresponds to a 100% extension of W from Y. Furthermore, upon examining the sub-waves of Y from the H4 time frame, it appears that we may witness one more upward movement. On the 4-hour time frame, wave Y is unfolding as a double zigzag. Presently, it is in wave (b) of Y. Attention should be directed towards wave (b), which is completing a double three (zigzag) pattern. Wave (b) could find support around the major level of 80 or slightly below, within the blue zone (ranging from 80 to 79). Following this, there might be renewed buying interest for wave (c), potentially culminating higher around 83.5-84, where the bullish run that began in December 2023 might conclude. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here!

EURUSD Elliott Wave Analysis Trading Lounge Day Chart, Euro/U.S.Dollar(EURUSD) Day Chart EURUSD Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: impulsive as C STRUCTURE: blue wave C POSITION:black wave Y of 2 DIRECTION NEXT HIGHER DEGREES:red wave 4 DETAILS: blue wave B completed at 1.09818 .Now blue wave C of Y is in play . Wave Cancel invalid level: 1.09447 The EURUSD Elliott Wave Analysis for the day chart provides a comprehensive overview of the potential price movements of the Euro/U.S. Dollar currency pair, employing Elliott Wave principles for technical analysis. Identified as a "Counter Trend" scenario, the analysis suggests that the current market direction opposes the prevailing trend, indicating a possible reversal or corrective phase from the predominant price action. This implies that traders may anticipate a temporary deviation from the primary trend before a potential resumption. Described as "impulsive as C" in mode, the analysis indicates that the current market movement exhibits characteristics of impulsiveness, suggesting strong and rapid price movements within the identified wave structure, particularly within the corrective phase denoted as "blue wave C." The "STRUCTURE" is identified as "blue wave C," providing clarity on the current wave count within the Elliott Wave cycle. This aids traders in understanding the ongoing price movement and its relation to the broader Elliott Wave pattern. Positioned as "black wave Y of 2," the analysis highlights the current wave count within the corrective phase, indicating the specific phase of the corrective pattern within the broader Elliott Wave cycle. The "DIRECTION NEXT HIGHER DEGREES" is stated as "red wave 4," suggesting the anticipated direction for the subsequent higher-degree wave. This implies that once the current corrective phase completes, the market may resume its upward movement within the broader Elliott Wave structure. In the "DETAILS" section, it is noted that "blue wave B completed at 1.09818. Now blue wave C of Y is in play." This indicates that the current corrective phase is ongoing, with the expectation of further downside movement before a potential reversal and the start of a new trend. In summary, the EURUSD Elliott Wave Analysis for the day chart offers traders valuable insights into potential price movements, corrective phases, and critical levels to monitor within the broader Elliott Wave structure, aiding in informed trading decisions. EURUSD Elliott Wave Analysis Trading Lounge 4 Hour Chart, Euro/U.S.Dollar(EURUSD) 4 Hour Chart EURUSD Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: impulsive STRUCTURE: red wave 3 POSITION:blue wave C DIRECTION NEXT HIGHER DEGREES:red wave 4 DETAILS: red wave 2 completed at 1.09447 .Now red wave 3 of C is in play . Wave Cancel invalid level: 1.09447 The EURUSD Elliott Wave Analysis for the 4-hour chart provides insights into potential price movements of the Euro/U.S. Dollar currency pair, utilizing Elliott Wave principles for technical analysis. Identified as a "Counter Trend" scenario, the analysis suggests that the current market direction opposes the prevailing trend, indicating a potential reversal or corrective phase from the predominant price action. This implies that traders may expect a temporary deviation from the primary trend before a potential resumption. Described as "impulsive" in mode, the analysis indicates that the current market movement exhibits characteristics of impulsiveness, suggesting strong and rapid price movements within the identified wave structure. The "STRUCTURE" is identified as "red wave 3," providing clarity on the current wave count within the Elliott Wave cycle. This aids traders in understanding the ongoing price movement and its relation to the broader Elliott Wave pattern. Positioned as "blue wave C," the analysis highlights the current wave count within the corrective phase, indicating the specific phase of the corrective pattern within the broader Elliott Wave cycle. The "DIRECTION NEXT HIGHER DEGREES" is stated as "red wave 4," suggesting the anticipated direction for the subsequent higher-degree wave. This implies that once the current corrective phase completes, the market may resume its upward movement within the broader Elliott Wave structure. In the "DETAILS" section, it is noted that "red wave 2 completed at 1.09447. Now red wave 3 of C is in play." This indicates that the current corrective phase is ongoing, with the expectation of further downside movement before a potential reversal and the start of a new trend. In summary, the EURUSD Elliott Wave Analysis for the 4-hour chart offers traders valuable insights into potential price movements, corrective phases, and critical levels to monitor within the broader Elliott Wave structure, aiding in informed trading decisions. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!

Unlocking ASX Trading Success: WOODSIDE ENERGY GROUP LTD - WDS Stock Analysis & Elliott Wave Technical Forecast ASX: WOODSIDE ENERGY GROUP LTD - WDS Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WOODSIDE ENERGY GROUP LTD - WDS. We ascertain that wave ((iv))-green is evolving as a Triangle Correction, and its wave (c)-purple may continue to rise a bit further. And after the entire Triangle Correction concludes with wave ((iv)), wave ((v))-green will return to push lower. ASX: WOODSIDE ENERGY GROUP LTD - WDS Elliott Wave Technical Analysis ASX: WOODSIDE ENERGY GROUP LTD - WDS 1D Chart (Semilog Scale) Analysis Function: Major trend (Minute degree, green) Mode: Motive Structure: Impulse Position: Wave ((iv))-green Details: The short-term outlook suggests that wave ((iv))-green has been initiated, with expectations of it forming a corrective Triangle pattern. Therefore, it can be inferred that wave ((iv)) will likely continue to move sideways for some time before wave ((v))-green resumes to push lower. Invalidation point: 33.08 ASX: WOODSIDE ENERGY GROUP LTD - WDS Elliott Wave Technical Analysis TradingLounge (4-Hour Chart) ASX: WOODSIDE ENERGY GROUP LTD - WDS Elliott Wave Technical Analysis ASX: WOODSIDE ENERGY GROUP LTD - WDS 4-Hour Chart Analysis Function: Counter trend (Minuette degree, purple) Mode: Corrective Structure: Triangle Position: Wave (c)-purple Details: The shorter-term outlook further describes the detailed subdivisions of wave ((iv))-green as a Triangle Correction. Waves (a) and (b)-purple have completed, and now wave (c)-purple is unfolding. Typically, wave (c) exhibits a common retracement ratio compared to wave (a) within a Triangle Correction, and the target for this ratio is around 31.36. Therefore, we can expect wave (c) to rise to test that resistance level. Invalidation point: 33.08 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: FORTESCUE LTD – FMG 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).

Elliott Wave Analysis TradingLounge Daily Chart, Binance/ U.S. dollar(BNBEUSD) BNBUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave ((v)) Direction Next higher Degrees: wave 3 Wave Cancel invalid level: 287.5 Details: Wave ((V)) is equal to wave ((1) at 734.4 Binance/ U.S. dollar(BNBEUSD)Trading Strategy: It looks like Wave IV has finished correcting. And the price is rising again in Wave V. Wave V usually has the same length as Wave I. Therefore, we predict the trend of Wave V has a chance to test the 0734.4 level before correcting again. Binance/ U.S. dollar(BNBEUSD)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, Binance/ U.S. dollar(BNBEUSD) BNBUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave ((v)) Direction Next higher Degrees: wave 3 Wave Cancel invalid level: 287.5 Details: Wave ((V)) is equal to wave ((1) at 734.4 Binance/ U.S. dollar(BNBEUSD)Trading Strategy: It looks like Wave IV has finished correcting. And the price is rising again in Wave V. Wave V usually has the same length as Wave I. Therefore, we predict the trend of Wave V has a chance to test the 0734.4 level before correcting again. Binance/ U.S. dollar(BNBEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

Bitcoin's halving is a significant event that directly impacts the number of new bitcoins entering circulation, and it plays a vital role in Bitcoin's economic model. Here's an overview to help you understand what Bitcoin halving is, why it happens, and its implications: What is Bitcoin Halving? Bitcoin halving refers to the event where the reward for mining new blocks is halved, meaning miners receive 50% fewer bitcoins for verifying transactions. This halving happens approximately every four years, or after 210,000 blocks have been mined. It's a part of the Bitcoin protocol, designed by Satoshi Nakamoto, to control the supply of new bitcoins entering circulation. Why Does Bitcoin Halving Happen? The main reasons for Bitcoin halving are: 1. Controlled Supply: Unlike traditional currencies, which can be printed by governments in unlimited quantities, Bitcoin has a fixed supply limit of 21 million coins. Halving helps ensure that the creation of new bitcoins follows a predictable and decreasing rate until the final bitcoin is mined around the year 2140. 2. Inflation Protection: By reducing the rate at which new bitcoins are generated, halving helps prevent inflation, ensuring that Bitcoin remains a deflationary asset. This is in stark contrast to fiat currencies, which can lose value over time due to inflation. 3. Economic Incentives: Halvings help maintain the economic incentives for miners. While the immediate effect is a reduction in the reward in bitcoins, historically, halvings have led to an increase in the value of Bitcoin over time, preserving the financial incentive for mining. Implications of Bitcoin Halving 1. Price Volatility: Halving events have historically led to significant price volatility in the Bitcoin market. The anticipation of reduced new supply often leads to speculative price increases, followed by corrections. 2. Mining Profitability: The reduction in block rewards means that mining becomes less profitable in the short term, especially for miners with higher operational costs. This can lead to a consolidation in the mining industry, with only the most efficient miners remaining competitive. 3. Network Security: Some speculate that halvings could impact Bitcoin's network security by reducing the incentive for miners to secure the network. However, if the price of Bitcoin increases in response to the halving, the security of the network can be maintained or even enhanced. Historical Perspective Bitcoin has undergone several halvings since its inception: - The first halving occurred in November 2012, reducing the reward from 50 to 25 bitcoins. - The second halving took place in July 2016, further reducing it to 12.5 bitcoins. - The third halving happened in May 2020, bringing the reward down to 6.25 bitcoins. Each of these events has been followed by significant bullish movements in the Bitcoin market, though it's important to note that past performance is not indicative of future results. In conclusion, Bitcoin halving is a fundamental aspect of its economic model, designed to ensure scarcity and incentivize miners while controlling inflation. Its long-term implications are a subject of much speculation and debate, but it undeniably plays a crucial role in Bitcoin's value proposition as a digital gold.

Great Round Up!

Updated Analysis of Commodity Markets and Elliott Wave: In the realms of commodities, the US Dollar and 10-Year Treasury yields are anticipated to experience a slight increase, while bonds are projected to decline, finalizing Wave C of (B). For Gold and Silver, a downward correction is expected from their current peaks as part of Wave c), concluding this correction phase. Following this, a Classic TradingLevels pattern may present a favorable long trade opportunity. In the cryptocurrency sector, for Bitcoin and Dogecoin, it's advised to adjust stop-loss orders to the break-even point. As these cryptocurrencies near their previous highs, a temporary plateau may occur, though a gradual upward trend is anticipated. The outlook for base metals presents a varied picture. Iron Ore is forecasted to decrease, whereas Copper and Uranium are undergoing correction phases. Despite this, a promising long trade opportunity in copper futures is under consideration. Video Chapters 00:00 Bitcoin (BTC) / DOGE Coin. 05:29 US Dollar Index, DXY / TLT Bonds. US Gov Bonds 10 Yr Yields 08:28 Precious Metals: Spot Gold XAU /GDX ETF / US Spot Silver XAG 12:54 Base Metals: Iron Ore, Copper XCU/USD. Uranium URA ETF 18:02 China Index 20:14 Energy: Crude Oil WTIOIL / Natural Gas NG 25:18 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge.com

JNJ Elliott Wave Analysis Trading Lounge Daily Chart, Johnson & Johnson, (JNJ) Daily Chart JNJ Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave (3). DIRECTION: Upside in wave 3 of (3). DETAILS: Looking for a three wave move into wave (2) to be completed as we found support on Medium Level at 150$. We are still in the need of upside confirmation into wave (3). JNJ Elliott Wave Analysis Trading Lounge 4Hr Chart, Johnson & Johnson, (JNJ) 4Hr Chart JNJ Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {c} of 2. DIRECTION: Turn into wave 3. DETAILS: Monitoring the downside into wave {c} as we are approaching equality of {c} vs. {a}. Looking for support to be found within the 155$ to 150$ range. Welcome to our JNJ Elliott Wave Analysis Trading Lounge, where we delve into Johnson & Johnson (JNJ) using Elliott Wave Technical Analysis. Let's explore the market dynamics on the Daily Chart as of March 26, 2024. *JNJ Elliott Wave Technical Analysis – Daily Chart* Our analysis reveals a trending function characterized by impulsive mode and motive structure, positioned in Wave (3). The direction signals upside momentum in wave 3 of (3). Currently, we anticipate the completion of a three-wave move into wave (2), with support identified at the Medium Level of $150. However, we await confirmation of the upward trajectory into wave (3). * JNJ Elliott Wave Technical Analysis – 4Hr Chart* Here, we observe a trending function marked by impulsive mode and motive structure, positioned in Wave {c} of 2. The direction indicates a transition into wave 3, with a focus on monitoring the downside into wave {c}. As we near equality between wave {c} and wave {a}, which typically occurs within the $155 to $150 range, we anticipate finding support.

Coffee Elliott Wave Analysis Function - Counter-trend Mode - Corrective Structure - Triangle wave X Position - Wave X still in play Direction - Sideways for X of (X) Details - Not much has changed since the last update. The last leg of triangle wave X is currently emerging and should rally toward the 189.95-192.80 key zone where it might find resistance. This has a bearish outlook for wave Y of (X). After shedding just over 14% between December 19th and January 18th, the commodity has remained stagnant since then, fluctuating between 197.5 and 175.5 for over two months. Currently, the price is retracing towards the upper limit of this range, potentially signaling its conclusion. We anticipate either a breakthrough above $197.5 or a decline below $175.5. From an Elliott wave perspective, the downside appears more likely as the pullback from December 19th deepens. In today’s commodity blog post, we will analyze evolving patterns, key levels, and the broader framework to forecast Coffee's future trajectory. On the daily chart, a significant bullish double-three pattern began in January 2023, completing its first leg, labeled as blue wave ‘W’, in April of the same year. Blue wave ‘X’ followed, descending to the low observed in October 2023. Subsequently, the price rebounded to initiate wave ‘Y’, projected to advance to at least the 100% extension level near $208. However, it peaked at $204 and retreated, encountering strong resistance at the major level of $200. Following this decline, the commodity has remained stagnant, suggesting that wave Y may not have concluded. The rally to $204 likely represents wave (W) of blue ‘Y’, with the corresponding wave X expected to form another double-three pattern. Wave X of (X) is currently completing a triangle, as will be clearer on the 4-hour chart. Following the triangle's completion, wave Y of (X) is anticipated to emerge below $175.4. However, if a breakout above the triangle occurs above $197.5, wave (X) may have concluded, and wave (Y) would continue upon breaking above $200. Nonetheless, the former scenario seems more probable, and that's the perspective we will adopt until proven otherwise by price movements. On the 4-hour timeframe, the fifth leg of the triangle, identified as blue wave ‘e’, is forming upwards. It is expected to encounter resistance within the 189.95-192.8 supply zone. Wave Y is anticipated to commence from there, provided the peak of blue wave ‘c’ remains unbroken. Selling opportunities may arise with the emergence of wave Y in the medium term, potentially leading to a decline below $175.5. In summary, while there are alternative scenarios beyond those discussed, these are currently the most plausible. However, flexibility is crucial to adjust our analysis according to evolving price actions. At present, these scenarios offer the clearest insights. Technical Analyst : Sanmi Adeagbo

GBPJPY Elliott Wave Analysis Trading Lounge Day Chart, British Pound/Japanese Yen(GBPJPY) Day Chart GBPJPY Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE:Corrective STRUCTURE: black wave A POSITION: Red wave 4 DIRECTION NEXT HIGHER DEGREES:black wave B DETAILS: blue wave 5 of 3 looking completed at 193.525.Now black wave A of 4 is in play. Wave Cancel invalid level: 193525 The GBPJPY Elliott Wave Analysis for the day chart provides a comprehensive outlook on the potential price movements of the British Pound/Japanese Yen currency pair, employing Elliott Wave principles for technical analysis. Identified as a "Counter Trend" scenario, the analysis suggests that the current market direction opposes the prevailing trend, indicating a corrective phase or potential reversal from the predominant price action. Described as "Corrective" in mode, the analysis implies that the current market movement is part of a corrective pattern within the broader Elliott Wave cycle. This suggests that the price action is undergoing a temporary reversal or consolidation phase before potentially resuming the primary trend. The "STRUCTURE" is identified as "black wave A," indicating the current wave count within the corrective phase. This helps traders understand the ongoing correction's structure and potential targets within the corrective pattern. Positioned as "Red wave 4," the analysis provides insights into the current wave count within the broader corrective structure. This information aids traders in anticipating potential reversal levels or corrective targets within the corrective phase. The "DIRECTION NEXT HIGHER DEGREES" is stated as "black wave B," suggesting the anticipated direction for the subsequent higher-degree wave. This implies that once the current corrective phase completes, the market may resume its upward movement within the broader Elliott Wave cycle. In the "DETAILS" section, it is noted that "blue wave 5 of 3 looking completed at 193.525. Now black wave A of 4 is in play." This indicates that the current corrective phase is ongoing, with the expectation of further downside movement before a potential reversal and the start of a new trend. In summary, the GBPJPY Elliott Wave Analysis for the day chart offers traders valuable insights into potential price movements, corrective phases, and critical levels to monitor within the broader Elliott Wave structure, aiding in informed trading decisions. GBPJPY Elliott Wave Analysis Trading Lounge 4 Hour Chart, British Pound/Japanese Yen(GBPJPY) 4 Hour Chart GBPJPY Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE:impulsive as A STRUCTURE: blue wave 2 POSITION: Black wave A DIRECTION NEXT LOWER DEGREES:black wave 3 DETAILS: blue wave 2 of A is in play , after that blue wave 3 will start. Wave Cancel invalid level: 193525 The GBPJPY Elliott Wave Analysis for the 4-hour chart provides insights into potential price movements of the British Pound/Japanese Yen currency pair, employing Elliott Wave principles for technical analysis. Identified as a "Counter Trend" scenario, the analysis suggests that the current market direction opposes the prevailing trend, indicating a corrective phase or potential reversal from the predominant price action. Described as "impulsive as A" in mode, the analysis implies that the ongoing corrective phase exhibits characteristics of an impulsive wave pattern within the broader Elliott Wave cycle. This suggests that despite being a counter-trend move, the corrective phase may display strong momentum. The "STRUCTURE" is identified as "blue wave 2," indicating the current wave count within the corrective phase. This helps traders understand the ongoing correction's structure and potential targets within the corrective pattern. Positioned as "Black wave A," the analysis provides insights into the current wave count within the broader corrective structure. This information aids traders in anticipating potential reversal levels or corrective targets within the corrective phase. The "DIRECTION NEXT LOWER DEGREES" is stated as "black wave 3," suggesting the anticipated direction for the subsequent lower-degree wave. This implies that once the current corrective phase completes, the market may resume its downward movement within the broader Elliott Wave cycle. In the "DETAILS" section, it is noted that "blue wave 2 of A is in play, after that blue wave 3 will start." This indicates that the current corrective phase is ongoing, with the expectation of further downside movement before a potential reversal and the start of a new trend. In summary, the GBPJPY Elliott Wave Analysis for the 4-hour chart offers traders valuable insights into potential price movements, corrective phases, and critical levels to monitor within the broader Elliott Wave structure, aiding in informed trading decisions. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!

Unlocking ASX Trading Success: FORTESCUE LTD – FMG Stock Analysis & Elliott Wave Technical Forecast ASX: FORTESCUE LTD – FMG Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with FORTESCUE LTD – FMG. We have identified that wave (v) may return to FMG to continue pushing higher, but it needs to be monitored closely until the significant high is breached. This would increase confidence and renew the bullish outlook. ASX: FORTESCUE LTD – FMG Elliott Wave Technical Analysis ASX: FORTESCUE LTD – FMG 1D Chart (Semilog Scale) Analysis Function: Major trend (Minuette degree, purple) Mode: Motive Structure: Impulse Position: Wave (iv)-purple Details: The short-term outlook indicates that waves (i)-purple through (iii)-purple have concluded, so wave (iv)-purple is currently unfolding. It seems that it may have just ended at a low of 23.43. However, it's too early to definitively say this, and a rise above 26.56 would refresh the bullish perspective. Invalidation point: 22.63 Confirmation point: 26.56 ASX: FORTESCUE LTD – FMG Elliott Wave Technical Analysis TradingLounge (4- Hour Chart) ASX: FORTESCUE LTD – FMG Elliott Wave Technical Analysis ASX: FORTESCUE LTD – FMG 4-Hour Chart Analysis Function: Major trend (Minuette degree, purple) Mode: Motive Structure: Impulse wave Position: Wave (v)-purple Details: The short-term outlook suggests that wave (iv)-purple appears to have bottomed out around 23.43, and wave (v)-purple seems to be unfolding to push higher. However, it's important to note that wave (iv) experienced a significant decline, and it's still too early to confirm what's happening. Therefore, breaking above the recent high at 26.56 would renew the bullish view and increase confidence in the upward trend. Invalidation point: 23.43 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: FORTESCUE LTD – FMG 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).

Elliott Wave Analysis TradingLounge Daily Chart, Dogecoin/ U.S. dollar(DOGEUSD) DOGEUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave ((5)) Direction Next higher Degrees: wave V of Impulse Wave Cancel invalid Level: Details: Wave ((5)) is equal to Wave ((1)) at 0.2182 Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy: It looks like Wave IV has finished correcting. And the price is rising again in Wave V. Wave V usually has the same length as Wave I. Therefore, we predict the trend of Wave V has a chance to test the 0.2382 level before correcting again. Dogecoin/ U.S. dollar(DOGEUSD)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, Dogecoin/ U.S. dollar(DOGEUSD) DOGEUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave ((5)) Direction Next higher Degrees: wave V of Impulse Wave Cancel invalid Level: Details: Wave ((5)) is equal to Wave ((1)) at 0.2182 Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy: It looks like Wave IV has finished correcting. And the price is rising again in Wave V. Wave V usually has the same length as Wave I. Therefore, we predict the trend of Wave V has a chance to test the 0.2382 level before correcting again. Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

Unlocking ASX Trading Success: V300AEQ ETF UNITS – VAS Stock Analysis & Elliott Wave Technical Forecast ASX: V300AEQ ETF UNITS – VAS Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with V300AEQ ETF UNITS – VAS. We see that VAS has the potential to continue rising to higher levels, aiming for a target at 100.51, which also a good potential opportunity. ASX: V300AEQ ETF UNITS – VAS Elliott Wave Technical Analysis ASX: V300AEQ ETF UNITS – VAS 1D Chart (Semilog Scale) Analysis Function: Major trend (Minute degree, green) Mode: Motive Structure: Impulse Position: Wave iii-blue of Wave (iii)-purple of Wave ((iii))-green Details: The short-term outlook suggests that wave ((v))-green is unfolding to push higher, subdividing into waves (i) and (ii)-purple, followed by waves (i) and (ii)-blue. The immediate target for this upward push could be around 100.51, while maintaining a price above 94.98 would be a significant advantage for this perspective. Invalidation point: 92.52 ASX: V300AEQ ETF UNITS – VAS Elliott Wave Technical Analysis TradingLounge (4-Hour Chart) ASX: V300AEQ ETF UNITS – VAS Elliott Wave Technical Analysis ASX: V300AEQ ETF UNITS – VAS 4-Hour Chart Analysis Function: Major trend (Minuette degree, purple) Mode: Motive Structure: Impulse wave Position: Wave iii-blue of Wave (iii)-purple Details: The short-term outlook suggests that wave ii-blue appears to have concluded, and wave iii-blue is unfolding to push higher, targeting 100.51. Maintaining a price above 96.20 would be a significant advantage for this outlook. Invalidation point: 94.98 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: V300AEQ ETF UNITS – VAS 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).

NFLX Elliott Wave Analysis Trading Lounge Daily Chart, Netflix Inc., (NFLX) Daily Chart NFLX Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave 3 of (3). DIRECTION: Upside in wave 3. DETAILS: We are approaching Medium Level at 650$ which is where we could expect wave 3 top. We also have equality of 3 vs. 1 at 670$. NFLX Elliott Wave Analysis Trading Lounge 4Hr Chart, Netflix Inc., (NFLX) 4Hr Chart NFLX Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave (v) of {iii}. DIRECTION: Upside in wave (v). DETAILS: Looking for upside into wave (v) as we seem to have been consolidating into wave (iv). Welcome to our NFLX Elliott Wave Analysis Trading Lounge, where we provide comprehensive insights into Netflix Inc. (NFLX) using Elliott Wave Technical Analysis. Let's explore the market dynamics as of the Daily Chart on 25th March 2024. *NFLX Elliott Wave Technical Analysis – Daily Chart* Our analysis reveals a trending function characterized by impulsive mode and motive structure, positioned in Wave 3 of (3). The direction indicates upside momentum in wave 3, with key levels to watch out for. We are nearing the Medium Level at $650, where a potential wave 3 top could occur. Additionally, we observe equality between wave 3 and wave 1 at $670, providing further insight into potential price targets. * NFLX Elliott Wave Technical Analysis – 4Hr Chart* Here, we identify a trending function marked by impulsive mode and motive structure, positioned in Wave (v) of {iii}. The direction suggests further upside movement in wave (v) after a consolidation phase in wave (iv). This consolidation indicates a period of temporary pause before the resumption of the uptrend.

GX URA ETF Elliott Wave Analysis GX Uranium ETF (URA) Elliott Wave Analysis Function - Counter trend Mode - Corrective Structure - Emerging Flat Position - Red wave (B) of blue 4 Direction - Red wave (B) of blue 4 is still in play Details - Wave (B) is emerging higher and could hit $30. An expanding flat pattern is becoming more evident but more price action is needed to ascertain. The Global X Uranium ETF (URA) is an exchange-traded fund that focuses on companies involved in various aspects of the uranium industry. This ETF provides investors with exposure to companies engaged in uranium mining, exploration, production, and nuclear energy. Investors often turn to URA as a way to gain exposure to the uranium sector without investing directly in individual companies. In today’s commodities blog, we turn our focus to the URA ETF (URA). After experiencing a 17% decline in February, the ETF is gradually recovering and has reclaimed nearly half of the losses incurred during that month. Examining the broader price action, URA has been on a bullish trajectory since March 2020, and following a bearish phase from November 2021 to June 2022, the ETF has shown profitability. With the overall trend still leaning toward bullish territory, both investors and traders anticipate that once the ongoing pullback concludes, prices will rally to surpass the high observed in February 2024. However, utilizing Elliott wave theory, Trading Lounge delves into the specifics concerning pricing and timing. From a long-term perspective, analyzing the daily chart indicates that the trend since March 2020 could either manifest as an impulse or a simple zigzag pattern. Should this be the case, the long-term projection could reach at least 79.41. This suggests that URA potentially can gain 175%, equivalent to $51, within the next one to two years from its current price. The sub-impulse starting from early July completed its 3rd wave on 1 February 2024, characterized by an ending diagonal pattern. Subsequently, the ongoing pullback for the 4th wave, denoted as blue wave ’4’, is still in progress and incomplete. The current upward movement since 26 February is anticipated to represent wave (B) of blue ’4’. Zooming in on the 4-hour timeframe, wave (B) appears to be evolving into an expanding flat pattern, expected to advance towards the 29.58-30.27 resistance zone, aligning with the major level at 30. Short-term traders may identify shorting opportunities should URA exhibit a bearish reaction upon reaching this zone, signaling the initiation of wave (C) of blue ’4’. Meanwhile, the larger trade will unfold upon the completion of blue wave ’4’ for the corresponding blue wave ’5’. However, the level at 24.36 must remain intact to sustain the impulse from July 2022. Technical Analyst : Sanmi Adeagbo