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Elliott Wave Analysis TradingLounge Daily Chart, 14 March 24, Dogecoin/ U.S. dollar(DOGEUSD) DOGEUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave III Direction Next higher Degrees: Wave (I) of Impulse Wave Cancel invalid Level: 0.0770 Details: Wave III may be complete watch out for the Corrective Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy: Dogecoin enters full uptrend The current surge of Wave III is likely to end. And the price is entering a period of correction in wave 4 before rising again in wave 5. Wait for the correction to complete before entering the trend 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 4Hr Chart, 14 March 24, Dogecoin/ U.S. dollar(DOGEUSD) DOGEUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave III Direction Next higher Degrees: Wave (I) of Impulse Wave Cancel invalid Level: 0.0770 Details: Wave III may be complete watch out for the Corrective Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy: Dogecoin enters full uptrend The current surge of Wave III is likely to end. And the price is entering a period of correction in wave 4 before rising again in wave 5. Wait for the correction to complete before entering the trend again. Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

MCD Elliott Wave Analysis Trading Lounge Daily Chart, 13 March 24 McDonald’s Corp., (MCD) Daily Chart MCD Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Wave (2) of 3. DIRECTION: Downside into wave C of (2). DETAILS: After breaking ATH at 300$, we’ve seen a pullback which appears to be bullish corrective. We are therefore looking for continuation higher once the pullback is complete. MCD Elliott Wave Analysis Trading Lounge 4Hr Chart, 13 March 24 McDonald’s Corp., (MCD) 4Hr Chart MCD Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Wave C of (2). DIRECTION: Wave {iii} of C. DETAILS: Looking for downside into wave {iii} as we need complete wave C. We could also see a sideways wave B before resuming lower. Welcome to our MCD Elliott Wave Analysis Trading Lounge, your trusted destination for in-depth insights into McDonald’s Corp. (MCD) using Elliott Wave Technical Analysis. Let's delve into the market dynamics as of the Daily Chart on 13 March 24. * XOM Elliott Wave Technical Analysis – Daily Chart* In our analysis, we identify a counter trend function characterized by corrective mode and a flat structure. Positioned in Wave (2) of 3, our attention is on the downside movement into wave C of (2). Despite breaking the all-time high (ATH) at $300, we've witnessed a pullback that appears to be part of a bullish corrective pattern. Consequently, we anticipate a continuation higher once the pullback completes its course. *XOM Elliott Wave Technical Analysis – 4Hr Chart* Here, we also observe a counter trend function marked by corrective mode and a flat structure. Positioned in Wave C of (2), our focus is on wave {iii} of C, anticipating downside movement to complete wave C. Additionally, we may see a sideways wave B before the downward trajectory resumes.

Copper Elliott Wave Analysis - 13 March 2024 Copper, a widely traded commodity, is currently exhibiting intriguing patterns within a crucial resistance zone, hinting at potential market dynamics. The formation of an ending diagonal pattern suggests a culmination of bullish momentum within this zone, possibly indicating an impending pullback before a continuation of the upward trend. Examining the larger framework on the daily timeframe, Copper's price trajectory reveals a complex corrective structure known as a double zigzag correction. This correction commenced from 3.136 in July 2022 and has since progressed through two distinct legs: wave (W) concluding at 4.355 in January 2023, followed by wave (X) terminating at 3.524 in October 2023. Presently, the focus lies on wave (Y), which is evolving into another double zigzag pattern. Projections suggest potential extensions to levels around 4.45 and 4.90. Notably, both waves W and X of (Y) have completed, with wave Y showing signs of continued upward momentum. Zooming in on the H4 timeframe offers further insights into the sub-waves of wave Y. Starting at 3.655, wave Y is currently unfolding as a zigzag pattern, with particular attention drawn to wave (c). This sub-wave of blue wave Y is forming an ending diagonal pattern within the aforementioned resistance zone, indicating a potential exhaustion of buying pressure. The emergence of blue wave x is anticipated if Copper remains below the 3.9475-3.9735 resistance zone, likely leading to a temporary retracement. Following wave x, expectations point towards wave y of Y resuming the bullish trajectory, with a target set around 4.45. In summary, Copper's price action suggests a complex corrective phase within a key resistance area, possibly paving the way for a brief pullback before a continuation of the overarching bullish trend. Understanding these patterns across different timeframes provides valuable insights for traders navigating the dynamic commodity markets. Technical Analyst : Sanmi Adeagbo

GBPUSD Elliott Wave Analysis Trading Lounge Day Chart, 13 March 24 British Pound/U.S.Dollar (GBPUSD) Day Chart GBPUSD Elliott Wave Technical Analysis FUNCTION: Trend MODE: impulsive STRUCTURE: Red wave 3 POSITION: blue wave 5 DIRECTION NEXT LOWER DEGREES: red wave 4 DETAILS: Red wave 2 of blue wave 5 completed , now sub waves of red wave 3 of 5 are in play. Wave Cancel invalid level: 1.27094 The GBP/USD Elliott Wave Analysis for the day chart on 13 March 24, offers a comprehensive evaluation of potential price movements in the British Pound/U.S. Dollar currency pair, utilizing Elliott Wave principles within the context of technical analysis. The identified "FUNCTION" is "Trend," signifying a focus on capturing and interpreting directional movements within the overarching trend. This suggests an inclination towards sustained and significant price trends. The specified "MODE" is characterized as "Impulsive," indicating that the market is currently in a phase marked by strong, directional moves. Impulsive phases often represent substantial and prolonged price trends. The "STRUCTURE" is denoted as "Red wave 3," highlighting the current impulsive wave within the Elliott Wave count. In Elliott Wave theory, impulsive waves are marked by powerful, directional price movements following the prevailing trend. The "POSITION" is described as "blue wave 5," indicating the placement of the current impulsive wave within the larger Elliott Wave structure. Blue wave 5 signifies a lower-degree wave within the ongoing Elliott Wave count. "DIRECTION NEXT LOWER DEGREES" is identified as "red wave 4," suggesting the anticipated direction for the subsequent lower-degree wave. This implies an expectation of a corrective phase following the completion of the current impulsive wave. In the "DETAILS" section, it is mentioned that "Red wave 2 of blue wave 5 completed, now sub waves of red wave 3 of 5 are in play." This signifies the conclusion of the corrective phase (Red wave 2) and the initiation of the next impulsive wave (sub waves of red wave 3 of 5). The "Wave Cancel invalid level" is set at 1.27094, serving as a critical reference point. A breach beyond this level would invalidate the current wave count, necessitating a reassessment of the analysis. In summary, the GBP/USD Elliott Wave Analysis for the day chart on 13 March 24, suggests an ongoing impulsive phase labeled as Red wave 3 within the broader context of blue wave 5. The analysis anticipates a corrective phase (red wave 4) following the completion of the current impulsive wave. The Wave Cancel invalid level at 1.27094 serves as a pivotal threshold for monitoring potential shifts in the wave count and trend dynamics. GBPUSD Elliott Wave Analysis Trading Lounge 4 Hour Chart, 13 March 24 British Pound/U.S.Dollar (GBPUSD) 4 Hour Chart GBPUSD Elliott Wave Technical Analysis FUNCTION: Trend MODE: impulsive STRUCTURE: black wave 5 POSITION: red wave 3 DIRECTION NEXT LOWER DEGREES: red wave 4 DETAILS: Red wave 4 of blue wave 5 completed , now black wave 5 of 3 is in play. Wave Cancel invalid level: 1.27094 The GBP/USD Elliott Wave Analysis for the 4-hour chart on 13 March 24, provides an insightful assessment of potential price movements in the British Pound/U.S. Dollar currency pair. The analysis utilizes the Elliott Wave principles within the framework of technical analysis. The "FUNCTION" is identified as "Trend," signaling a focus on capturing and understanding the directional movements within the overarching trend. This implies an inclination towards sustained price movements. The "MODE" is characterized as "Impulsive," indicating that the market is currently in a phase marked by strong, directional moves. Impulsive phases typically represent significant and sustained price trends. The "STRUCTURE" is specified as "black wave 5," highlighting the current impulsive wave within the Elliott Wave count. In Elliott Wave theory, impulsive waves are characterized by strong, directional price movements that follow the prevailing trend. The "POSITION" is denoted as "red wave 3," representing the placement of the current impulsive wave within the larger Elliott Wave structure. Red wave 3 signifies a lower-degree wave within the ongoing Elliott Wave count. "DIRECTION NEXT LOWER DEGREES" is indicated as "red wave 4," suggesting the expected direction for the subsequent lower-degree wave. This implies an anticipation of a corrective phase following the completion of the current impulsive wave. In the "DETAILS" section, it is mentioned that "Red wave 4 of blue wave 5 completed, now black wave 5 of 3 is in play." This signifies the conclusion of the corrective phase (Red wave 4) and the initiation of the next impulsive wave (black wave 5 of 3). The "Wave Cancel invalid level" is set at 1.27094, serving as a critical reference point. Any breach beyond this level would invalidate the current wave count, prompting a reassessment of the analysis. In summary, the GBP/USD Elliott Wave Analysis for the 4-hour chart on 13 March 24, suggests an ongoing impulsive phase labeled as black wave 5 within the broader context of red wave 3. The analysis anticipates a corrective phase (red wave 4) following the completion of the current impulsive wave. The Wave Cancel invalid level at 1.27094 serves as a key threshold for monitoring potential shifts in the wave count and trend dynamics. Technical Analyst : Malik Awais

Elliott Wave Analysis TradingLounge Daily Chart, 13 March 24, Dogecoin/ U.S. dollar(DOGEUSD) DOGEUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave III Direction Next higher Degrees: Wave (I) of Impulse Wave Cancel invalid Level: 0.0770 Details: Wave III may be complete watch out for the Corrective Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy: Dogecoin enters full uptrend The current surge of Wave III is likely to end. And the price is entering a period of correction in wave 4 before rising again in wave 5. Wait for the correction to complete before entering the trend 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 4Hr Chart, 13 March 24, Chainlink/ U.S. dollar(LINKUSD) DOGEUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave III Direction Next higher Degrees: Wave (I) of Impulse Wave Cancel invalid Level: 0.0770 Details: Wave III may be complete watch out for the Corrective Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy: Dogecoin enters full uptrend The current surge of Wave III is likely to end. And the price is entering a period of correction in wave 4 before rising again in wave 5. Wait for the correction to complete before entering the trend again. Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

Elliott Wave Analysis Update for Commodity Markets: Bitcoin, Bonds, Yields, USD/DXY, Gold, Silver, Iron Ore, Copper, Uranium, Crude Oil, Natural Gas In the latest update on Elliott Wave analysis for commodity markets, there's positive momentum for the Dollar, Yields, and Bonds, though they haven't yet solidified their trends through Impulse waves. Conversely, Gold, Silver, and Forex pairs like EURUSD and AUDUSD are showcasing clear movements, which in turn, help to clarify the trajectory for the Dollar, Bonds, and Yields. If this analysis holds true, it could pave the way for a revaluation of commodities, supported further by China's economic ascent. Currently, the strategy involves taking long positions in Gold and short positions in Natural Gas. 00:00 US Dollar Index, DXY / TLT Bonds. US Gov Bonds 10 Yr Yields 05:15 Bitcoin (BTC) 18:03 Precious Metals: Spot Gold XAU /GDX ETF / US Spot Silver XAG 26:04 China Index: Base Metals: Iron Ore, Copper XCU/USD. Uranium URA ETF / China / Nickel / Lithium 34:35 Energy: Crude Oil WTIOIL / Natural Gas NG 38:39 End

XOM Elliott Wave Analysis Trading Lounge Daily Chart, 12 March 24 Exxon Mobil Corp., (XOM) Daily Chart XOM Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minor 1 of (5). DIRECTION: Five waves up into wave 1. DETAILS: We have seen a long lasting correction in what could be wave (4), and we have now found support on 100$. XOM Elliott Wave Analysis Trading Lounge 4Hr Chart, 12 March 24 Exxon Mobil Corp., (XOM) 4Hr Chart XOM Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave (iii) of {iii}. DIRECTION: Completion in wave iii of (iii). DETAILS: We are looking at acceleration higher, as we the move up starts to become parabolic. We are also seeing increasing volume on the most recent move higher suggesting more buyers are stepping into the market. Technical Analyst : Alessio Barretta Welcome to our XOM Elliott Wave Analysis Trading Lounge, your go-to source for comprehensive insights into Exxon Mobil Corp. (XOM) using Elliott Wave Technical Analysis. Let's delve into the market dynamics as of the Daily Chart on 12 March 24. * XOM Elliott Wave Technical Analysis – Daily Chart* In our analysis, we identify a trending function characterized by an impulsive mode and a motive structure. Positioned in Minor wave 1 of (5), our focus lies on the completion of five waves up into wave 1. Notably, we have observed a prolonged correction, potentially indicating wave (4), with support found at $100. *XOM Elliott Wave Technical Analysis – 4Hr Chart* Here, we also observe a trending function marked by an impulsive mode and a motive structure. Positioned in Wave (iii) of {iii}, our attention is on the completion of wave iii of (iii). Noteworthy is the acceleration in the upward movement, with the trajectory beginning to exhibit a parabolic shape. Moreover, the recent surge in volume suggests an increasing number of buyers entering the market, further bolstering the bullish sentiment.

Cocoa Elliott Wave Analysis - breaks into a new all-time high Cocoa, in its recent movements, has broken above its previous all-time high at 6696, surging to a new peak at 6789. This upward trajectory suggests a continuation of its bullish momentum. The question that arises is: how much further can this upward trend extend? Examining the daily time frame reveals a robust bullish trend that has recently undergone a shallow pullback, likely representing the completion of blue wave iv of 5 of (C) of Y. This indicates that the bullish trend may be approaching its final stages before a notable bearish correction ensues. However, it's important to note that the final stage, wave v (blue) of 5, is still in its early phases. Utilizing Fibonacci projection techniques, it's plausible to anticipate an extension of prices to around 8000 in the upcoming weeks. Zooming into the 4-hour time frame, it becomes evident that wave (i) concluded at 6692. With the subsequent breach of this high, wave (ii) is anticipated to have completed as well. Currently, wave (iii) is unfolding and could potentially reach 7654, representing a 161.8% Fibonacci extension of wave (i). Given the remarkable strength of the bullish trend, setting a target of 8000 doesn't seem unreasonable. This scenario appears to be the most apparent and plausible. Even in the presence of alternative wave counts, the overarching direction remains skewed towards the upside. In essence, Cocoa's price action indicates a compelling bullish sentiment, supported by both daily and 4-hour time frame analyses. While a significant bearish correction may loom on the horizon, the current trajectory suggests further upside potential, with a possible extension towards the 8000 mark in the near term. However, traders should remain vigilant and adaptable to potential alternative scenarios as the market evolves. Technical Analyst : Sanmi Adeagbo

AUDUSD Elliott Wave Analysis Trading Lounge Day Chart, 12 March 24 Australian Dollar/U.S.Dollar (AUDUSD) Day Chart AUDUSD Elliott Wave Technical Analysis FUNCTION: Trend MODE: impulsive STRUCTURE:red wave 3 POSITION: blue wave 1 DIRECTION NEXT LOWER DEGREES:red wave 4 DETAILS:red wave 2 looking completed at 0.64766 . Now red wave 3 is in play .Wave Cancel invalid level: 0.64766 The AUD/USD Elliott Wave Analysis for the daily chart on 12 March 24, provides a comprehensive examination of potential market movements in the Australian Dollar/U.S. Dollar currency pair, utilizing Elliott Wave principles within the realm of technical analysis. The identified "FUNCTION" is classified as "Trend," indicating a focus on capturing and understanding the directional movements within the broader trend. This signals an expectation for sustained price movements. The "MODE" is defined as "Impulsive," suggesting that the current market phase is characterized by impulsive price actions. Impulsive phases typically represent strong, directional moves in the market. The "STRUCTURE" is specified as "red wave 3," highlighting the current impulsive wave within the Elliott Wave count. In Elliott Wave theory, impulsive waves are characterized by strong, directional price movements that follow the prevailing trend. The "POSITION" is identified as "blue wave 1," denoting the placement of the current impulsive wave within the larger Elliott Wave structure. Blue wave 1 represents a lower-degree wave within the ongoing Elliott Wave count. "DIRECTION NEXT LOWER DEGREES" is highlighted as "red wave 4," indicating the anticipated direction for the subsequent lower-degree wave. This implies an expectation for a corrective phase following the completion of the current impulsive wave. In the "DETAILS" section, it is mentioned that "red wave 2 looking completed at 0.64766." This suggests the end of the corrective phase (red wave 2) and the initiation of the impulsive wave (red wave 3). The "Wave Cancel invalid level" is set at 0.64766, serving as a critical reference point. Any breach beyond this level would invalidate the current wave count, prompting a reassessment of the analysis. In summary, the AUD/USD Elliott Wave Analysis for the daily chart on 12 March 24, indicates an impulsive phase labeled as red wave 3 within the broader context of blue wave 1. The analysis anticipates a corrective phase (red wave 4) following the completion of the current impulsive wave. The Wave Cancel invalid level at 0.64766 serves as a key threshold for monitoring potential shifts in the wave count and trend dynamics. AUDUSD Elliott Wave Analysis Trading Lounge 4 Hour Chart, 12 March 24 Australian Dollar/U.S.Dollar (AUDUSD) 4 Hour Chart AUDUSD Elliott Wave Technical Analysis FUNCTION: Trend MODE: Corrective STRUCTURE:black wave 2 POSITION: red wave 3 DIRECTION NEXT HIGHER DEGREES:black wave 3 DETAILS: black wave 2 of red wave 3 is in play , after that black wave 3 of 3 will start .Wave Cancel invalid level: 0.64766 The AUD/USD Elliott Wave Analysis for the 4-hour chart on 12 March 24, provides insights into the potential future movements of the Australian Dollar/U.S. Dollar currency pair, utilizing Elliott Wave principles for technical analysis. The identified "FUNCTION" is categorized as "Trend," indicating that the analysis is focused on capturing potential directional movements within the broader trend context. This suggests an expectation for sustained price movements rather than mere corrections. The "MODE" is defined as "Corrective," highlighting the current market phase characterized by corrective price actions. Corrective phases typically involve price adjustments or sideways movements that serve to balance or counteract preceding trends. The "STRUCTURE" is specified as "black wave 2," signifying the current corrective wave within the Elliott Wave count. In Elliott Wave theory, corrective waves are counter-trend movements that temporarily interrupt the prevailing trend. The "POSITION" is identified as "red wave 3," denoting the placement of the current corrective wave within the larger Elliott Wave structure. Red wave 3 represents a higher-degree wave within the ongoing Elliott Wave count. "DIRECTION NEXT HIGHER DEGREES" is highlighted as "black wave 3," indicating the anticipated direction for the subsequent higher-degree wave. This suggests an expectation for the resumption of the broader trend after the completion of the current corrective phase. In the "DETAILS" section, it is mentioned that "black wave 2 of red wave 3 is in play," suggesting that the current corrective wave is unfolding within the framework of a higher-degree wave. Additionally, it is noted that "after that, black wave 3 of 3 will start," implying an expectation for a stronger directional movement once the current correction concludes. The "Wave Cancel invalid level" is set at 0.64766. This level serves as a critical reference point, and any breach beyond it would invalidate the current wave count, prompting a reassessment of the analysis. In summary, the AUD/USD Elliott Wave Analysis for the 4-hour chart on 12 March 24, suggests a corrective phase labeled as black wave 2 within the broader context of red wave 3. The analysis anticipates a resumption of the broader trend with the onset of black wave 3 after the completion of the current correction. The Wave Cancel invalid level at 0.64766 serves as a key threshold for monitoring potential shifts in the wave count and trend dynamics. Technical Analyst : Malik Awais

Elliott Wave Analysis TradingLounge Daily Chart, 12 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. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Elliott Wave Analysis TradingLounge 4Hr Chart, 12 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 .

Soybean Elliott wave Analysis- recovery before fresh sell-off? Soybean's trajectory in March has been marked by a semblance of recovery. Yet, within the larger context of its wave sequences, this upturn is merely a fragment of an overall bearish trend. Following this corrective rebound, it's anticipated that the commodity will continue its descent towards lower price territories. Delving into the daily time frame, Soybean has been trapped within a bearish correction since June 2022. This correction phase ensued after a bullish impulse wave spanning from May 2019 to June 2022. Presently, the ongoing bearish correction since June 2022 appears to be culminating in what is likely a zigzag pattern, specifically denoted as wave A-B-C in blue (circled). Notably, wave A concluded in October 2023, characterized by a diagonal pattern, succeeded shortly thereafter by a shallow correction for wave B. The current downward momentum commenced in November 2023, marking the initiation of wave C. Notably, blue wave C appears to be progressing towards its latter stages, as it appears to be correcting upwards within wave (4) of C. However, wave (4) has not yet reached its culmination, warranting scrutiny to discern when, where, and how it might conclude. Zooming in on the H4 timeframe offers a clearer perspective on the sub-waves of wave (4). Although the definitive corrective pattern for wave (4) remains uncertain, several potential scenarios can be inferred based on the prevailing chart data. The surge from the low of wave (3) exhibits characteristics of a sharp yet corrective movement, indicative of one of the zigzag patterns, possibly a double or triple 3 pattern (double or triple zigzag). It's conceivable that wave (4) could extend towards 1200 or higher, aligning with the 38.2% Fibonacci retracement of wave (3). While a further climb to the 50% retracement level at 1258 is plausible, it's improbable for wave (4) to exceed this threshold, given that fourth waves typically correct within the range of 23.6% to 50% of the preceding third wave. Vigilance is paramount around the mentioned price zone, particularly during the bullish correction of wave 4. Observing the subsequent price action in this region will be instrumental in validating our forecast. A decisive bearish reversal from this zone could signify the conclusion of wave (4) and the initiation of the anticipated bearish decline from June 2022, constituting wave (5) of C. Technical Analyst : Sanmi Adeagbo

AAPL Elliott Wave Analysis Trading Lounge Daily Chart, 11 March 24 Apple Inc., (AAPL) Daily Chart AAPL Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Minor wave 2. DIRECTION: Completion of wave {c} of 2. DETAILS: We are looking at further downside in what could be a corrective wave 2, but we do not out rule the possibility of a larger degree correction with a top at 200$. AAPL Elliott Wave Analysis Trading Lounge 4Hr Chart, 11 March 24 Apple Inc., (AAPL) 4Hr Chart AAPL Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Wave (iv) of {c}. DIRECTION: Completion of wave {c} of 2. DETAILS: Here we seem to be continuing lower in wave (v) as with Friday’s close we seem to have brought more seller in the market after stepping in the 173s. Looking for further downside towards the bottom of MG2 at 165$. Welcome to our AAPL Elliott Wave Analysis Trading Lounge, your ultimate destination for comprehensive insights into Apple Inc. (AAPL) using Elliott Wave Technical Analysis. Let's dive into the market dynamics as of the Daily Chart on 11th March 2024. * AAPL Elliott Wave Technical Analysis – Daily Chart* In our analysis, we identify a counter trend function characterized by a corrective mode, featuring a flat structure. Positioned in Minor wave 2, our focus lies on the completion of wave {c} of 2. We anticipate further downside movement, potentially indicating a corrective wave 2. However, we also acknowledge the possibility of a larger degree correction, with a potential top around $200. *AAPL Elliott Wave Technical Analysis – 4Hr Chart* Here, we also observe a counter trend function marked by a corrective mode and a flat structure. Positioned in Wave (iv) of {c}, our attention is on the completion of wave {c} of 2. We note that Friday's close has attracted more sellers into the market, particularly as the price dipped into the 173s. Anticipating further downside movement, our target lies towards the bottom of MG2 at $165.

USD/CAD Elliott Wave Analysis Trading Lounge Day Chart, 11 March 24 U.S.Dollar /Canadian Dollar (USD/CAD) Day Chart USD/CAD Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE:Blue wave C POSITION:Black wave Y DIRECTION NEXT LOWER DEGREES:blue wave C (started) DETAILS: Blue wave B of Y looking completed at 1.36052 . Now blue wave C of Y is in play . Wave Cancel invalid level:1.36052 The USD/CAD Elliott Wave Analysis for the day chart on 11 March 24, provides a comprehensive outlook for the U.S. Dollar/Canadian Dollar currency pair, leveraging Elliott Wave principles to anticipate potential market movements. The analysis begins by categorizing the identified "FUNCTION" as "Counter Trend." This implies a strategic approach aimed at capitalizing on corrective movements against the predominant trend. In this context, the expectation is for a temporary reversal or retracement within the broader market trend. The specified "MODE" is "Corrective," indicating the current phase characterized by corrective price movements. Corrective phases often involve adjustments or sideways movements rather than sustained directional trends. The "STRUCTURE" is defined as "Blue wave C," signaling the current wave within the larger Elliott Wave count. Blue wave C is a corrective wave that is expected to unfold as part of a broader correction. The "POSITION" is identified as "Black wave Y," denoting the placement of the current corrective wave within the overarching Elliott Wave structure. Black wave Y represents a higher-degree corrective pattern. "DIRECTION NEXT LOWER DEGREES" is highlighted as "blue wave C (started)," suggesting the initiation of the corrective phase at a lower degree. This implies a continuation of the corrective structure within the Elliott Wave framework. In the "DETAILS" section, it is mentioned that "Blue wave B of Y looking completed at 1.36052." This indicates the completion of the preceding corrective wave, and now, "Blue wave C of Y is in play," signifying the beginning of the next phase of the correction. The "Wave Cancel invalid level" is set at 1.36052. This level serves as a critical reference point, and any breach beyond it would invalidate the current wave count, necessitating a reassessment of the analysis. In summary, the USD/CAD Elliott Wave Analysis for the day chart on 11 March 24, suggests a counter-trend corrective approach. The focus is on the unfolding correction labeled as Blue wave C of Y, with a keen eye on the Wave Cancel invalid level at 1.36052 for potential shifts in the wave count and trend dynamics. USD/CAD Elliott Wave Analysis Trading Lounge 4 Hour Chart, 11 March 24 U.S.Dollar /Canadian Dollar (USD/CAD) 4 Hour Chart USD/CAD Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE:Red wave 2 POSITION:Blue wave C DIRECTION NEXT LOWER DEGREES:red wave 3 of C DETAILS: after red wave 1 now red wave 2 is in play as a correction . Wave Cancel invalid level:1.36052 The USD/CAD Elliott Wave Analysis for the 4-hour chart on 11 March 24, provides insights into potential price movements in the U.S. Dollar/Canadian Dollar currency pair. Utilizing Elliott Wave principles, the analysis aims to decipher evolving patterns and project likely future trends. The identified "FUNCTION" is "Counter Trend," indicating a strategy that seeks to capitalize on corrective movements against the prevailing trend. This suggests an expectation of a temporary reversal or retracement in the market, as opposed to a sustained impulsive move. The specified "MODE" is "Corrective," highlighting the current phase of price action characterized by corrective movements. Corrective phases typically involve price adjustments or sideways movements rather than strong, directional trends. The described "STRUCTURE" is "Red wave 2," signifying the current correction within the broader Elliott Wave count. Red wave 2 represents a corrective wave within the primary downtrend. The specified "POSITION" is "Blue wave C," indicating the placement of the current corrective wave within the overarching Elliott Wave structure. Blue wave C is part of the corrective pattern and is expected to unfold as part of the broader correction. Regarding "DIRECTION NEXT LOWER DEGREES," the analysis emphasizes "Red wave 3 of C," anticipating the continuation of the corrective phase. This implies an expectation of further downside movement following the completion of the ongoing correction. In the "DETAILS" section, it is mentioned that "after red wave 1, now red wave 2 is in play as a correction." This underscores the corrective nature of the current market dynamics. The "Wave Cancel invalid level" is set at 1.36052. This level serves as a critical reference point, and a breach beyond it would invalidate the current wave count, necessitating a reassessment of the analysis. In summary, the USD/CAD Elliott Wave Analysis for the 4-hour chart on 11 March 24, suggests a counter-trend corrective approach. The focus is on the unfolding correction labeled as red wave 2, with an anticipation of further downside movement in red wave 3 of C. The Wave Cancel invalid level at 1.36052 is identified as a key level for monitoring potential shifts in the wave count and trend dynamics. Technical Analyst : Malik Awais

Elliott Wave Analysis TradingLounge Daily Chart, 11 March 24, Bitcoin/ U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave III Direction Next higher Degrees: wave (III) Wave Cancel invalid level: 31046.25 Details: The five-wave increase in wave (III) may be complete Watch out for Corrective Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: Bitcoin's rise continues higher From the rise of the third wave This is likely to break the all time high of 68997.75, but in the final stretch of the rally we still lack movement. Two more times to complete the large Impulse structure, watch out for corrections. Bitcoin/ U.S. dollar(BTCUSD)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 4Hr Chart, 11 March 24, Bitcoin/ U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave III Direction Next higher Degrees: wave (III) Wave Cancel invalid level: 31046.25 Details: The five-wave increase in wave (III) may be complete Watch out for Corrective Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: Bitcoin's rise continues higher From the rise of the third wave This is likely to break the all time high of 68997.75, but in the final stretch of the rally we still lack movement. Two more times to complete the large Impulse structure, watch out for corrections. Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

Natural Gas Elliott Wave Analysis - bearish trend persists Function - Trend Mode - Impulsive Structure - Impulse Wave Position - Black wave 4 of red wave (3) Direction - Black wave 5 of red wave (3) Natural Gas (NG) embarked on a minor rally between late February and early March, marking a recovery of over 31%. However, this ascent encountered a formidable barrier, casting a shadow over the recovery journey from the low of $1.51. Despite this recovery surge, the bears appear resolute in their stance, and the Elliott wave theory provides additional confirmation that NG prices are poised for further faltering in the forthcoming weeks. Examining the daily time frame reveals a clear continuation of the bearish impulse wave trend originating from $10 in August 2022. This analysis has been reiterated a few times in recent weeks. The completion of the 4th wave of this downward trajectory (denoted as the blue primary degree) occurred at 3.666. Subsequently, the 5th wave has assumed control, unfolding as an impulse wave and presently finalizing its third sub-wave (termed red intermediate degree). Thus, the current position resides within wave (3) of blue 4. Further scrutiny into wave (3) indicates that it’s completing wave 4 of (3), projected to terminate near the psychological level of $2. The recent market reaction aligns closely with this forecast, and absent unforeseen developments, wave 5 of (3) is anticipated to continue its downward trajectory, as evidenced on the H4 chart. Detailed analysis of the H4 chart delineates the conclusion of wave 4, characterized by a zigzag pattern, with wave (c) culminating in a diagonal formation. The breach beneath the diagonal boundary serves as an early indication of an impending decline in wave 5, ultimately leading to the completion of wave (3). Consequently, a further descent toward the range of 1.28-1.124 (constituting the 161.8% Fibonacci extension of wave 1-3 from 4) is anticipated. Any unforeseen surge beyond 2.319 would invalidate this projection, although such an outcome appears improbable. Looking ahead, the projected culmination of wave (3) does not signify the conclusion of the overall bearish progression initiated in 2022, as wave (4) pullback and wave (5) sell-off remain imminent within this bearish sequence. In summation, Natural Gas is poised for a continued downward trajectory. By extrapolation, the bearish trend stemming from August 2022's $10 mark could persist, potentially reaching $1 in the ensuing months. Technical Analyst : Sanmi Adeagbo

COST Elliott Wave Analysis Trading Lounge Daily Chart, 8 March 24 Costco Wholesale Corp., (COST) Daily Chart COST Elliott Wave Technical Analysis FUNCTION: Trend MODE: Motive STRUCTURE: Impulsive POSITION: Minor wave 3. DIRECTION: Completion of wave 3 towards TL 8 or TL1. DETAILS: We are looking at upside in Costco as we seem to be extending higher with increasing momentum suggesting the trend is not getting weaker, and therefore next target is TL8 at 800$. Technical Analyst : Alessio Barretta COST Elliott Wave Analysis Trading Lounge 4Hr Chart, 8 March 24 Costco Wholesale Corp., (COST) 4Hr Chart COST Elliott Wave Technical Analysis FUNCTION: Trend MODE: Motive STRUCTURE: Impulsive POSITION: Wave iii of (iii). DIRECTION: Top into wave iii. DETAILS: This increase in volume suggests we could be getting close to some sort of a top and we know the number 8 is a profit taking number, so being at 780$ towards TL8 this could be explained. Looking for additional upside after the pullback. Welcome to our COST Elliott Wave Analysis Trading Lounge, your go-to source for comprehensive insights into Costco Wholesale Corp. (COST) using Elliott Wave Technical Analysis. Let's delve into the market dynamics as of the Daily Chart on 8 March 24. * COST Elliott Wave Technical Analysis – Daily Chart* In our analysis, we observe a trend function characterized by a motive mode, showcasing an impulsive structure. Positioned in Minor wave 3, our focus is on the completion of wave 3, targeting either TL 8 or TL1. Notably, Costco's upward momentum is gaining strength, indicating that the trend remains robust. Our next target is TL8 at $800, reflecting the continued bullish sentiment. * COST Elliott Wave Technical Analysis – 4Hr Chart* Here, we identify a trend function marked by a motive mode, presenting an impulsive structure. Positioned in Wave iii of (iii), we anticipate reaching a top in wave iii. The surge in volume suggests that we may be nearing a potential top, particularly as the price approaches $780 towards TL8. This aligns with the phenomenon of profit-taking around significant levels, such as the number 8. Despite the expected pullback, we anticipate further upside movement in the future.

GBPAUD Elliott Wave Analysis Trading Lounge Day Chart, 8 March 24 British Pound/ Australian Dollar (GBPAUD) Day Chart GBPAUD Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE:Blue wave B POSITION: Black wave 2 DIRECTION NEXT HIGHER DEGREES:blue wave C DETAILS: blue wave B of 2 is in play , after that Wave C of black wave 2 will start . Wave Cancel invalid level: 1.99747 The GBPAUD Elliott Wave Analysis for the daily chart on 8 March 24, provides a comprehensive view of the potential price movements in the British Pound/Australian Dollar currency pair. Employing Elliott Wave principles, the analysis aims to discern the unfolding patterns and project likely future trends. The specified "FUNCTION" is "Counter Trend," signaling an approach that seeks to capitalize on corrective movements against the prevailing trend. This indicates an expectation of a temporary reversal or retracement in the market. The identified "MODE" is "Corrective," suggesting that the market is currently in a corrective phase characterized by price adjustments rather than a strong, impulsive trend. Corrective phases often involve sideways or counter-trend movements. The described "STRUCTURE" is "Blue wave B," which is part of a larger corrective pattern. Blue wave B represents an upward correction within the broader Elliott Wave count. The specified "POSITION" is "Black wave 2," indicating the current placement within the overarching Elliott Wave structure. Black wave 2 typically represents a correction within the primary uptrend. Regarding "DIRECTION NEXT HIGHER DEGREES," the analysis emphasizes "Blue wave C," anticipating an additional corrective wave following the completion of blue wave B. This implies a potential continuation of the counter-trend move. In the "DETAILS" section, it is mentioned that "blue wave B of 2 is in play," indicating the current development of the correction. The analysis notes that after the completion of blue wave B, "Wave C of black wave 2 will start." The "Wave Cancel invalid level" is set at 1.99747. This level serves as a crucial reference point, and a breach beyond it would invalidate the current wave count, prompting a reassessment of the analysis. In summary, the GBPAUD Elliott Wave Analysis for the daily chart on 8 March 24, underscores a counter-trend corrective strategy. The focus is on the ongoing development of blue wave B within the broader corrective structure, with an anticipation of the initiation of Wave C of black wave 2. The Wave Cancel invalid level at 1.99747 is identified as a key level for monitoring potential shifts in the wave count and trend dynamics. GBPAUD Elliott Wave Analysis Trading Lounge 4 Hour Chart, 8 March 24 British Pound/ Australian Dollar (GBPAUD) 4 Hour Chart GBPAUD Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE:Blue wave B POSITION: Black wave 2 DIRECTION NEXT HIGHER DEGREES:blue wave C DETAILS: blue wave B of 2 is in play , after that Wave C of black wave 2 will start . Wave Cancel invalid level: 1.85875 The GBPAUD Elliott Wave Analysis for the 4-hour chart on 8 March 24, provides insights into the potential market dynamics of the British Pound/Australian Dollar currency pair. The analysis utilizes Elliott Wave principles to interpret price movements and identify possible future trends. The "FUNCTION" specified in the analysis is "Counter Trend," indicating a strategic approach that seeks to capitalize on corrective movements against the prevailing trend. This suggests an expectation of a temporary reversal or retracement. The identified "MODE" is "Corrective," signifying that the market is currently in a phase characterized by price adjustments rather than a strong, impulsive trend. Corrective phases often involve sideways or counter-trend movements. The described "STRUCTURE" is "Blue wave B," which is part of a larger corrective pattern. Blue wave B represents an upward correction within the broader Elliott Wave count. The specified "POSITION" is "Black wave 2," indicating the current placement within the overarching Elliott Wave structure. Black wave 2 typically represents a correction within the primary uptrend. Regarding "DIRECTION NEXT HIGHER DEGREES," the focus is on "Blue wave C," suggesting an anticipation of an additional corrective wave following the completion of blue wave B. This implies a potential continuation of the counter-trend move. In the "DETAILS" section, it is mentioned that "blue wave B of 2 is in play," indicating that the correction is currently unfolding. The analysis notes that after the completion of blue wave B, "Wave C of black wave 2 will start." The "Wave Cancel invalid level" is set at 1.85875. This level serves as a critical reference point, and a breach beyond it would invalidate the current wave count, prompting a reassessment of the analysis. In summary, the GBPAUD Elliott Wave Analysis for the 4-hour chart on 8 March 24, highlights a counter-trend corrective strategy. The focus is on the unfolding of blue wave B within the broader corrective structure, with an eye on the potential initiation of Wave C of black wave 2. The Wave Cancel invalid level at 1.85875 is identified as a key level for monitoring potential shifts in the wave count and trend dynamics. Technical Analyst : Malik Awais

Elliott Wave Analysis TradingLounge Daily Chart, 8 March 24, Uniswap/ U.S. dollar(UNIUSD) UNIUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave ((3)) Direction Next higher Degrees: wave I of Impulse Wave Cancel invalid Level: 4.50 Details: Wave 3 may be complete watch out for the Corrective Uniswap/ U.S. dollar(UNIUSD)Trading Strategy: Uniswap 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 Uniswap is still bullish overall. is in a continuous upward trend Uniswap/ U.S. dollar(UNIUSD)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 4Hr Chart, 8 March 24, Uniswap/ U.S. dollar(UNIUSD) UNIUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave ((3)) Direction Next higher Degrees: wave I of Impulse Wave Cancel invalid Level: 4.50 Details: Wave 3 may be complete watch out for the Corrective Uniswap/ U.S. dollar(UNIUSD)Trading Strategy: Uniswap 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 Uniswap is still bullish overall. is in a continuous upward trend Uniswap/ U.S. dollar(UNIUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

MCD Elliott Wave Analysis Trading Lounge Daily Chart, 7 March 24 McDonald’s Corp., (MCD) Daily Chart MCD Elliott Wave Technical Analysis FUNCTION: Trend MODE: Motive STRUCTURE: Impulsive POSITION: Intermediate wave (2). DIRECTION: Completion of wave C of (2). DETAILS: We have broken previous ATH at 300$, and we found resistance on the TL3. We are now looking for a pullback to then resume higher. Technical Analyst : Alessio Barretta MCD Elliott Wave Analysis Trading Lounge 4Hr Chart, 7 March 24 McDonald’s Corp., (MCD) 4Hr Chart MCD Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Wave {ii} of C. DIRECTION: Acceleration lower into wave {iii}. DETAILS: Looking for acceleration lower into wave {iii}, if not we could still be in the making of a sideways wave B. Equality of C vs. A stands slightly below 278$, which is many time wave C target. Welcome to our MCD Elliott Wave Analysis Trading Lounge, your premier destination for comprehensive insights into McDonald’s Corp. (MCD) using Elliott Wave Technical Analysis. Let's explore the market dynamics as of the Daily Chart on 7 March 24. * MCD Elliott Wave Technical Analysis – Daily Chart* Our analysis reveals a trend function characterized by a motive mode, presenting an impulsive structure. Positioned in Intermediate wave (2), we anticipate the completion of wave C of (2). Notably, we've surpassed the previous all-time high (ATH) at $300 and encountered resistance on the TL3. Our focus now shifts to a potential pullback before resuming the upward trajectory. * MCD Elliott Wave Technical Analysis – 4Hr Chart* Here, we identify a counter trend function marked by a corrective mode, exhibiting a flat structure. Positioned in Wave {ii} of C, our attention is on the acceleration lower into wave {iii}. Should this scenario not materialize, we could still be in the process of forming a sideways wave B. It's worth noting that the equality of C vs. A targets slightly below $278, aligning with the typical wave C target.

WTI Crude Elliott wave analysis - when will the corrective rally end? Function - Counter-trend Mode - Corrective Structure - Diagonal Position - Blue wave a of Y of (B) Direction - Blue wave b of Y of (B) WTI Crude has gained over 16% since mid-December. However, the resurgence has been corrective. Thus, the buyers need to know likely price levels where massive selling might begin to begin the bearish trend that dominated between September and December 2023. In the Elliott wave analysis, we want to investigate the nature of the corrective drive, how far it could go, and likely terminal areas where it could end. On the daily time frame, the $95 top realized in late September completed a primary degree wave X with an expanding flat pattern. This means that 95 marked the top of the 2nd leg of a double zigzag pattern of the primary degree. Therefore, we anticipated from 95, the last leg - primary degree wave Y. Price action since 95 has been in support of this forecast with wave (A) of Y completing a bearish impulse wave down to 67.81. The bullish corrective response is developing into a double zigzag wave (B) of Y. Eventually, when it completes, wave (C) will favor downward moves below $60. In a nutshell, that’s a reasonable medium-term Elliott wave forecast for WTI crude. However, it doesn’t look like wave (B) has been completed yet. Therefore, we need some investigation of the developing double zigzag corrective rally on the 4-hour chart. On the H4 chart, minor degree waves W and X of (B) have completed. Wave Y, which is expected to be a zigzag pattern, is emerging. From the end of wave X, price action seems to be developing into a diagonal pattern that fits into the minute degree sub-wave ‘a’ of Y. This diagonal is currently completing wave (v) of a (minor degree in blue) around $80, which is a major round number. Once the diagonal completes and a bearish price action follows, we can expect a corrective wave b downwards but should stay above the low of wave (X). This is expected to provide bullish opportunities for minute wave y of Y. Wave c of Y of (B) is expected to be the last lap for wave (B). Large bearish action will be anticipated below $60. In conclusion, WTI is in a medium-term corrective rally that is expected to be completed in the next two legs. A big sell-off should happen afterward. Technical Analyst : Sanmi Adeagbo

NZDUSD Elliott Wave Analysis Trading Lounge Day Chart, 7 March 24 New Zealand Dollar/U.S.Dollar (NZDUSD) Day Chart NZDUSD Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Red wave 3 POSITION: blue wave 1 DIRECTION NEXT LOWER DEGREES: red wave 4 DETAILS red wave 2 of blue wave 1 looking completed at0.60490 .Now red wave 3 of 1 is in play Wave Cancel invalid level: 0.60674 The NZDUSD Elliott Wave Analysis for the day chart on 7 March 24, offers a comprehensive view of the New Zealand Dollar/U.S. Dollar currency pair. Employing Elliott Wave principles, the analysis seeks to discern prevailing trends and potential future price movements within the overarching Elliott Wave structure. The "FUNCTION" identified in the analysis is "Trend," indicating a strategy aligned with capturing and riding directional movements in the market. This implies an inclination towards trading in the direction of the existing trend. The specified "MODE" is "Impulsive," signaling a market environment characterized by robust and forceful price actions. This suggests a prevailing momentum in the direction of the identified trend. The described "STRUCTURE" is "Red wave 3," pointing to a specific phase within the broader Elliott Wave pattern. Red wave 3 typically signifies a mature phase of an impulsive trend, indicating significant progress in price. The identified "POSITION" is "Blue wave 1," representing the current placement within the larger Elliott Wave structure. Blue wave 1 is a subwave within the red wave 3, indicating a continuation of the prevailing impulsive move. Regarding "DIRECTION NEXT LOWER DEGREES," the focus is on "Red wave 4," implying an anticipation of a corrective phase following the completion of blue wave 1. This suggests a potential pause or pullback in the current uptrend. In the "DETAILS" section, it is mentioned that "red wave 2 of blue wave 1 looking completed at 0.60490." This signifies the conclusion of a specific subwave within blue wave 1, and the analysis notes that "red wave 3 of 1 is in play." The "Wave Cancel invalid level" is set at 0.60674, serving as a critical reference point. A breach beyond this level would invalidate the current wave count, prompting a reassessment of the analysis. In summary, the NZDUSD Elliott Wave Analysis for the day chart on 7 March 24, underscores a trending strategy within an impulsive market environment. The focus is on the continuation of red wave 3, specifically red wave 3 of 1, with the Wave Cancel invalid level at 0.60674 acting as a crucial marker for potential shifts in the wave count and trend dynamics. NZDUSD Elliott Wave Analysis Trading Lounge 4 Hour Chart, 7 March 24 New Zealand Dollar/U.S.Dollar (NZDUSD) 4 Hour Chart NZDUSD Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: black wave 3 POSITION: Red wave 3 DIRECTION NEXT LOWER DEGREES: black wave 4 DETAILS black wave 2 of red wave 3 looking completed at0.60674 .Now black wave 3 of 3 is in play Wave Cancel invalid level: 0.60674 The analysis on the NZDUSD Elliott Wave Trading Lounge 4-hour chart for 7 March 24, provides insights into the New Zealand Dollar/U.S. Dollar currency pair using Elliott Wave principles. The analysis focuses on identifying trends and potential price movements within the broader Elliott Wave structure. The identified "FUNCTION" is "Trend," indicating a focus on capturing and riding directional movements in the market. This suggests a strategy geared towards trading in the direction of the prevailing trend. The specified "MODE" is "Impulsive," suggesting that the market is currently characterized by strong and forceful price movements. This implies a dominant directional momentum in the identified trend. The described "STRUCTURE" is "Black wave 3," indicating the specific phase within the Elliott Wave pattern. This signifies a mature phase of the impulsive trend, suggesting significant advancements in price. The identified "POSITION" is "Red wave 3," which represents the current placement within the larger Elliott Wave structure. Red wave 3 is a subwave within the black wave 3, indicating a continuation of the prevailing impulsive move. Regarding "DIRECTION NEXT LOWER DEGREES," the focus is on "Black wave 4," implying the anticipation of a corrective phase following the completion of red wave 3. This suggests a potential pause or pullback in the current uptrend. In the "DETAILS" section, it is mentioned that "black wave 2 of red wave 3 looking completed at 0.60674." This signifies the completion of a specific subwave within red wave 3, and the analysis notes that "black wave 3 of 3 is in play." The "Wave Cancel invalid level" is set at 0.60674, serving as a critical reference point. A breach beyond this level would invalidate the current wave count, prompting a reassessment of the analysis. In summary, the NZDUSD Elliott Wave Analysis for the 4-hour chart on 7 March 24, emphasizes a trending strategy within an impulsive market environment. The focus is on the continuation of black wave 3, specifically black wave 3 of 3, with the Wave Cancel invalid level at 0.60674 acting as a crucial marker for potential shifts in the wave count and trend dynamics. Technical Analyst : Malik Awais

Elliott Wave Analysis TradingLounge Daily Chart, 7 March 2024, 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: The Rise of the Impulse Wave We still miss two more moves to complete the pattern. 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 Elliott Wave Analysis TradingLounge 4Hr Chart, 7 March 24, Ethereum/ U.S. dollar(ETHUSD) ETHUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave ((5)) Direction Next higher Degrees: wave 1 of Impulse Wave Cancel invalid level: Details: The Rise of the Impulse Wave We still need two more moves to complete the pattern. 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.

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: Looking for long indices’ trades into Friday’s session, simply buying new highs. The SP500, Nasdaq and IWM RUT ETF have basically the same corrective patterns and these patterns may not be completed and can have another leg lower, however we need to put our trading hat on and buy above the Elliott Wave (b), the video shows when and where to enter long trades if triggered. The DAX 40 and FTSE 100 are slightly different, but the same principle applies, as does the ASX200, that is long above the last high, but as mentioned above indices can have another leg lower, so don’t buy early, buy at the right time for safety Video Chapters 00:00 SP 500 (SPX) 11:52 NASDAQ (NDX) 15:41 Russell 2000 (RUT) 16:06 DAX 40 (DAX) 19:22 FTSE 100 UKX (UK100) 21:23 ASX 200 (XJO) 24:34 End Analyst Peter Mathers TradingLounge™

KO Elliott Wave Analysis Trading Lounge Daily Chart, 6 March 24 The Coca-Cola Company, (KO) Daily Chart KO Elliott Wave Technical Analysis FUNCTION: Trend MODE: Motive STRUCTURE: Impulsive POSITION: Minor wave 2 of (3). DIRECTION: Completion of wave {c} of 2. DETAILS: Looking for support to be found on top of 60$, as we seem to have resumed from the 50$ low in an impulsive manner and we have yet to confirm th count, breaking previous wave (X) at Medium Level 65$. KO Elliott Wave Analysis Trading Lounge 4Hr Chart, 6 March 24 The Coca-Cola Company, (KO) 4Hr Chart KO Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Wave {c} of 2. DIRECTION: Completion of wave {c} of 2. DETAILS: Looking for a bottom in wave {c}, we have hit equality of {c} vs. {a} at 59.5$, looking to reach demand zone at 58$ to then expect a turn higher. Welcome to our KO Elliott Wave Analysis Trading Lounge, your go-to destination for in-depth insights into The Coca-Cola Company (KO) using Elliott Wave Technical Analysis. Let's delve into the market dynamics as of the Daily Chart on 6 March 24 Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here! * KO Elliott Wave Technical Analysis – Daily Chart* Our analysis reveals a trend function with a motive mode, characterized by an impulsive structure. Positioned in Minor wave 2 of (3), we anticipate the completion of wave {c} of 2. Our focus lies on finding support above $60, following the resumption from the $50 low in an impulsive manner. Confirmation of this count entails breaking the previous wave (X) at Medium Level $65. * KO Elliott Wave Technical Analysis – 4Hr Chart* Here, we identify a counter trend function with a corrective mode, marked by a flat structure. Positioned in Wave {c} of 2, we anticipate the completion of wave {c} of 2. Our attention is directed towards identifying a bottom in wave {c}, with equality observed between {c} and {a} at $59.5. We anticipate reaching the demand zone at $58, followed by an upward reversal.

Wheat Elliott Wave Analysis - bearish trend in the final stage Function - Counter-trend Mode - Corrective Structure - Zigzag Position - Blue wave b of black wave Y Direction - Downwards for Blue Wave c of black wave Y Wheat's recent price action has seen a significant breach below a crucial support level, indicative of the continued downward trajectory that has persisted since 2022. However, within this bearish momentum, signs suggest that we may be approaching the culmination of this trend. There's a strong possibility of a pronounced bullish correction looming around the $500 mark. Notably, the breach below $553 serves as a potential confirmation signal for traders to capitalize on selling rallies as the price heads towards $500. Let's delve deeper into the Elliott wave analysis to illuminate this scenario. Examining the daily timeframe reveals a discernible pattern of a bearish impulse wave originating from 1363 in March 2022, delineated by the sequence 1-2-3-4-5 (circled in blue). Significantly, the fifth wave appears to be forming an ending diagonal, denoted as wave (5), indicating the terminal phase of this impulse pattern. Following Elliott wave theory, a forthcoming 3-wave bullish correction is anticipated. This projection suggests that in the ensuing weeks, Wheat could initiate a rally, potentially more substantial than any witnessed during the preceding two-year downtrend. While conventional analysis might interpret this as merely another temporary bounce before further decline, the Elliott wave perspective offers a contrasting outlook, anticipating a significant shift in market sentiment. Zooming into the H4 chart provides insight into the sub-wave structure of wave (5). Commencing at the pivotal 650 level, where wave (4) concluded, wave (5) unfolds into a double zigzag pattern. Notably, wave X of (5) terminated at 605, characterized by a triangular formation. Subsequently, wave Y has progressed as anticipated, with sub-wave 'a' (in blue) culminating at 553, serving as a launching pad for the ensuing corrective wave 'b,' and the ongoing wave 'c' manifesting a distinct downward trajectory. From this juncture, further downside movement towards the 500-510 zone is envisaged. In summation, the exhaustive two-year bearish trend seems to be nearing its culmination, with the final leg gravitating toward the $500 threshold. A substantial bullish correction is poised to ensue, marking a potential paradigm shift in market dynamics. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here!