tradinglounge

Australian Stock Market Elliott Wave Analysis Trading Levels ASX 200 Index (XJO), Forex AUDUSD, US Dollar DXY, Commonwealth Bank CBA, BHP Group (BHP), Rio Tinto (RIO), Fortescue Metals Group (FMG), Newcrest Mining NCM, Australian 2 Yr Government Bonds Yield. Technical Analysis Trading Strategies ASX200 Market Summary Elliott Wave i) of C of (B) ASX200 Trading Strategy: Short Wave ii) corrective rally Video Chapters 00:00 ASX200 (XJO) 10:21 Commonwealth Bank CBA 11:15 Iron Ore Copper BHP RIO FMG 18:29 Newcrest Mining NCM / US GOLD/ GDX 21:15 Australian 2 Yr Government Bonds Yield 22:21 AUDUSD / DXY US Dollar 25:02 Thanks for watching! Analyst Peter Mathers TradingLounge™

SP 500 Elliott Wave Technical Analysis and Trading Strategies: NASDAQ 100 NDX, Russell 2000 RUT. Dow Jones Industrial (DJI) Stock Market Daily News Today: Federal Reserve Chair Jerome Powell speaks at Jackson Hole Elliott Wave Market Summary Today: Wave i) of B of (B) Day / Trend Trading Strategies: Short the corrective rally of Wave ii) Video Chapters 00:00 US Sector ETFs 05:59 S&P500 15:26 NASDAQ 100 (NDX) 17:42 Russell 2000 (RUT) 18:41 Dow Jones Industrial Average (DJI) 20:00 End. Thanks for supporting! Analyst Peter Mathers TradingLounge™

US Stock Market NASDAQ, AMZN, AAPL, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, MSFT, BAC, JPM, GS. Elliott Wave Technical Analysis Stock Market Summary: Wave i) of C of (B) of B) US Stocks: Tesla TSLA, Amazon AMZN, Nvidia (NVDA), Apple AAPL, Microsoft MSFT, Berkshire Hathaway (BRK/B),Block, Inc (SQ), Meta Platforms, Netflix (NFLX) Alphabet GOOGL. XFL Finance Sector ETF, JPMorgan JPM & Bank of America BAC. Stock Trading strategies: Next short trade set up is Wave ii) corrective rally Video Chapters 00:00 NASDAQ 100 /SP500 03:39 Apple (AAPL) 08:17 NVIDIA (NVDA) 11:25 Amazon (AMZN) 13:57 Meta Platforms (META) 17:45 Netflix (NFLX) 19:18 Tesla (TSLA) 22:07 Alphabet (GOOGL) 24:23 Microsoft (MSFT) 25:42 Berkshire Hathaway BRK/B 26:39 Square. Block Inc. (SQ) 27:35 Banks BAC, JPM, GS 36:07 End. Thanks for supporting! Analyst Peter Mathers TradingLounge™

Zoom Video Communications Inc., Elliott Wave Technical Analysis Zoom Video Communications Inc., (ZM:NASDAQ): Daily Chart, August 26, 2022,  ZM Stock Market Analysis: We were expecting a wave {ii} which in an ideal scenario wasn’t this deep. We need to consider the fact that we are extremely close to invalidation level, but this could provide a great risk to reward ratio. ZM Elliott Wave count:  c) of {ii} ZM Trading Strategy: Either take longs with a very narrow stop to provide a huge RRR, or else wait for further confirmation for a more solid entry. ZM Technical Indicators: All indicators suggest we are in oversold territory. TradingLounge Analyst: Alessio Barretta Zoom Video Communications Inc., ZM: 4-hour Chart, August 26 2022,  Zoom Video Communications Inc., Elliott Wave Technical Analysis ZM Stock Market Analysis: It looks like we could have completed wave c) as we can count five waves down. ZM Elliott Wave count:  Wave v of c). ZM Technical Indicators: RSI is on extremely oversold, we are far off the EMAs. ZM Trading Strategy: Either look for a huge RRR by entering now, or look for further confirmation.

Elliott Wave Analysis TradingLounge Daily Chart, 26 August 2022 Uniswap (UNIUSD) UNIUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave ((2)) Direction Next higher Degrees: Details: reduction in wave ((2)) before are rising again in wave ((3)) Wave Cancel invalid Level: 3.333 Uniswap (UNIUSD) Trading Strategy: The last drop in the second wave before the price reverts to an uptrend again. Until the second wave is finished, wait for another opportunity to join the trend. Uniswap (UNIUSD) Technical Indicators: The price is below the MA50,200 line. The RSI is moving into the oversold zone, the short term remains in a downtrend. TradingLounge Analyst: Kittiampon Somboonsod Elliott Wave Analysis TradingLounge 4H Chart, 26 August 2022 Uniswap (UNIUSD) UNIUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Flat Position: Wave (C) Direction Next higher Degrees: wave ((2)) of Motive Details: Decrease in wave (C). before increase again Wave Cancel invalid Level : Uniswap (UNIUSD) Trading Strategy: The last drop in the second wave before the price reverts to an uptrend again. Until the second wave is finished, wait for another opportunity to join the trend. Uniswap (UNIUSD) Technical Indicators: MACD Histogram is signaling a Hidden Bullish divergence. the short term remains in a downtrend.

US Stock Market NASDAQ, AMZN, AAPL, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, MSFT, BAC, JPM, GS. Elliott Wave Technical Analysis Stock Market Summary: Wave c) of B of (B) of B) The beginning of the video looks at bullish and bearish counts with the Sp500 and the NASDA 100 US Stocks: Tesla TSLA, Amazon AMZN, Nvidia (NVDA), Apple AAPL, Microsoft MSFT, Berkshire Hathaway (BRK/B),Block, Inc (SQ), Meta Platforms, Netflix (NFLX) Alphabet GOOGL. XFL Finance Sector ETF, JPMorgan JPM & Bank of America BAC. Stock Trading strategies: Long trades into Wave B should use trailing stops and take profits at large price points. Video Chapters 00:00 NASDAQ 100 /SP500 08:04 Apple (AAPL) 09:36 NVIDIA (NVDA) 10:06 Amazon (AMZN) 12:13 Meta Platforms (META) 13:06 Netflix (NFLX) 15:01 Tesla (TSLA) 15:24 Alphabet (GOOGL) 16:55 Microsoft (MSFT) 17:40 Berkshire Hathaway BRK/B 19:08 Square. Block Inc. (SQ) 20:31 Banks BAC, JPM, GS 24:46 End. Thanks for supporting! Analyst Peter Mathers TradingLounge™

United Parcel ServiceInc., Elliott Wave Technical Analysis United Parcel Service Inc.,(UPS:NYSE): Daily Chart, August 25, 2022, UPSStock Market Analysis:Moving as expected, this pullback should be just another buying opportunity. We should have a sideways correction as it has to alternate with the wave 2 of the same degree which was a sharp move to the downside. UPS Elliott Wave count: a of 4. UPSTrading Strategy: Waiting for further consolidation into wave 4 UPSTechnical Indicators:Above all averages and moving towards the 20 EMA which could act as support. TradingLounge Analyst: Alessio Barretta United Parcel Service Inc.,UPS: 4-hour Chart, August 25 2022, United Parcel Service Inc., Elliott Wave Technical Analysis UPS Stock Market Analysis: Looking for further downside to complete wave 4. Wave a of 4 could be nearly completed. UPSElliott Wave count: Wave a of 4. UPS Technical Indicators:We just moved past the 20 EMA, looking for a bounce soon. UPSTrading Strategy: Looking for at least a three wave move to start building longs into wave 5 of iii.

Binance coin (BNBUSD) BNBUSD Elliott Wave Technical Analysis Function: follow trend Mode: motive Structure: Impulse Position: Wave ((5)) Direction Next higher degrees: Vave | of Motive Details: The increase in the fifth wave is usually 61.8% of Wave((1)) past Wave ((3)). Wave Cancel invalid level: 243.5 Binance coin (BNBUSD) Trading Strategy: The price reversal from the MA50 line also triggered a short-term reversal signal in the MACD, opening an opportunity to enter a short-term trade on the fifth wave. Binance coin (BNBUSD) Technical Indicators: MACD Histogram is signaling a Hidden Bullish divergence. Binance coin (BNBUSD) BNBUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Zigzag Position: Wave B Direction Next higher degrees: Wave (2) of Motive Details: A sub-wave of wave(2), where wave(2) typically reverts back to 61.8% of wave(1). Wave Cancel invalid level: 276.3 Binance coin (BNBUSD) Trading Strategy: Price attempts to break through resistance at the MA50 and MAZ200. If it fails, there is a chance of a decrease in the second wave before rising again in the third wave. But even then, it should not fall below 276.5. Wait for the price to rise above the MA50,200 line again. Binance coin (BNBUSD) Technical Indicators: MACD is signaling a Bullish divergence.

Bitcoin BTC-USD Elliott Wave Technical Analysis TradingLevels. Price Prediction Today - TradingLounge Bitcoin Headline News:Yesterday I presented the Bitcoin Bearish case and Today I'm presenting the Bitcoin Ethereum Bullish case. Crypto Market Summary Bitcoin Elliott Wave Analysis: Comparing Bitcoin to the bearish Nasdaq Elliott Wave count, which would eventually see Bitcoin at 15,000 Bitcoin Trading Strategy: Will look to short Wave B Analyst Peter Mathers TradingLounge™

BroadCom Inc., Elliott Wave Technical Analysis Broadcom Inc., (AVGO:NASDAQ): Daily Chart, August 24, 2022,  AVGO Stock Market Analysis: We could have a five wav move to the upside just completed. Looking for further downside to complete wave 2 before looking for longs. AVGO Elliott Wave count:  Wave {a} of 2 AVGO Trading Strategy: Waiting for the completion of wave 2 to enter longs. AVGO Technical Indicators: We are in a point where all the averages are crossing each other which would make us think about further downside to come as predicted. TradingLounge Analyst: Alessio Barretta BroadCom Inc., AVGO: 4-hour Chart, August 24 2022,  BroadCom Inc., Elliott Wave Technical Analysis AVGO Stock Market Analysis: Looking for a bounce in wave {b} to then resume lower. AVGO Elliott Wave count:  Wave {a} of 2. AVGO Technical Indicators: Indicators suggest that upside is not ready to resume. AVGO Trading Strategy: For short term trading we could wait for wave {b} and try to look for shorts into wave {c} of 2.

Commodity Futures Market Summary: Elliott Wave Trading Strategies; US Gov Bonds 10 Yr Yields, US Dollar Index DXY, US Spot Gold, GDX, Silver, Copper, XLE Energy ETF, Crude Oil and Natural Gas Market Summary: Stronger US dollar weaker commodities, expect the trend for the DXY to trend higher placing more pressure on Gold and Silver. Energy is appearing positive and will be focussed on Natural Gas long trades soon. Expecting the US Gov Bonds 10 Yr. Yields to eventually develop support on 3% and then move higher to 4% Video Chapters 00:00 US Gov Bonds 10 Yr Yields 01:06 US Dollar Index DXY GBP EURO 07:26 GDX ETF / US Spot Gold 11:43 US Spot Silver 13:11 US Copper 15:32 XLE Energy ETF 17:10 XOM / Crude Oil 21:05 Natural Gas 28:26 Thanks for supporting! Analyst Peter Mathers TradingLounge™

Bitcoin BTC-USD Elliott Wave Technical Analysis TradingLevels. Price Prediction Today - TradingLounge Bitcoin Headline News: Crypto Market Summary Bitcoin Elliott Wave Analysis: Comparing Bitcoin to the bearish Nasdaq Elliott Wave count, which would eventually see Bitcoin at 15,000 Bitcoin Trading Strategy: Will look to short Wave B / 2 Analyst Peter Mathers TradingLounge™

Elliott Wave Analysis TradingLounge Daily Chart, 24 August 2022, NEO (NEOUSD) NEOUSD Elliott Wave Technical Analysis Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Zigzag Position: Wave C Direction Next higher Degrees: wave ((2)) of Impulse Details: A decline in a wave that accumulates power to continue its uptrend is usual y retracement equal to 0.50% or 0.618% of the length of the first wave. Wave Cancel invalid Level: 7.83 NEO (NEOUSD) Trading Strategy: Rebounding from last week's lows But stil can't rise above the MA line, but even so, the view is stil a throwback to continue the uptrend. waiting for clarity again NEO (NEOUSD) Technical Indicators: the RSI is signaling a Hidden Bul ish divergence. TradingLounge Analyst: Kittiampon Somboonsod Elliott Wave Analysis TradingLounge 4H Chart, 24 August 2022, NEO (NEOUSD) NEOUSD Elliott Wave Technical Analysis Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Zigzag Position: Wave C Direction Next higher Degrees: wave ((2)) of Impulse Details: A decline in a wave that accumulates power to continue its uptrend is usual y retracement equal to 0.50% or 0.618% of the length of the first wave. Wave Cancel invalid Level: 7.83 NEO (NEOUSD) Trading Strategy: Rebounding from last week's lows But stil can't rise above the MA200 line, but even so, the view is stil a throwback to continue the uptrend. waiting for clarity again NEO (NEOUSD) Technical Indicators: the RSI is signaling a Bul ish divergence.

SP 500 Elliott Wave Technical Analysis and Trading Strategies: NASDAQ 100 NDX, Russell 2000 RUT. Dow Jones Industrial (DJI) Stock Market Daily News Today: Indices still have room to move lower. Elliott Wave Market Summary Today:Wave v) of A Day / Trend Trading Strategies: Protect short trade profits with trailing stop loss. Video Chapters 00:00 S&P500 13:23 NASDAQ 100 (NDX) 16:11 Russell 2000 (RUT) 22:38 Dow Jones Industrial Average (DJI) 26:53 End. Thanks for supporting! Analyst Peter Mathers TradingLounge™

NVIDIA Corp., Elliott Wave Technical Analysis NVIDIA Inc., (NVDA:NASDAQ): Daily Chart, August 23, 2022, NVDA Stock Market Analysis: We are moving lower as expected from last week. As long as this pullback remains in three waves we can look for further upside. The yellow box is indicative of where I would like to see support showing off. NVDA Elliott Wave count: {c} of 2 NVDA Trading Strategy: Waiting for confirmation of wave {c} completion to look for longs. NVDA Technical Indicators: We are in an area where the averages are crossing each other which iofen times is a sign of reversal. TradingLounge Analyst: Alessio Barretta NVIDIA Corp., NVDA: 4-hour Chart, August 23 2022, NVIDIA Corp., Elliott Wave Technical Analysis NVDA Stock Market Analysis: Looking for further downside into wave (iv) and (v)to complete wave {c}. NVDA Elliott Wave count: Wave (iii) of {c}. NVDA Technical Indicators: They all suggest further downside, there’s no reason to believe we will move higher anytime soon. NVDA Trading Strategy: We could eventually even place some short on wave (iv) to try to surf the final wave down to complete {c}.

Binance Coin (BNBUSD) BNBUSD Elliott Wave Technical Analysis Function: follow trend Mode: motive Structure: Impulse Position: Wave ((5)) Direction Next higher degrees: Vave | of Motive Details: The increase in the fifth wave is usually 61.8% of Wave((1)) past Wave ((3)). Wave Cancel invalid level: 243.5 Binance Coin (BNBUSD) Trading Strategy: Opportunity to join a short-term uptrend Look for trades above 336.5 Binance Coin (BNBUSD) Technical Indicators: Throwback from the MA100, which is key support, and the RSI is signaling a Hidden Bullish divergence. There is a chance that the price will reverse up to test the MA200 again. Elliott Wave Analysis TradingLounge 4H Chart, 23 August 2022, Binance Coin (BNBUSD) BNBUSD Elliott Wave Technical Analysis Function: follow trend Mode: motive Structure: Impulse Position: Wave ((5)) Direction Next higher degrees: Vave | of Motive Details: The increase in the fifth wave is usually 61.8% of Wave((1)) past Wave ((3)). Wave Cancel invalid level: 276.3 Binance Coin (BNBUSD) Trading Strategy: Opportunity to join a short-term uptrend Look for trades above 336.5 Binance Coin (BNBUSD) Technical Indicators: The merger of the MA lines usually occurs at the tipping point of the price and the RSI is signaling a Hidden Bullish divergence. There is a chance that the price will reverse up above 336.5.

DAX 40 Index Chart and Forecasts. FTSE 100 Index UKX, STOXX 50 Forex EURUSD DXY Dollar Index Elliott Wave Technical Analysis European Stock Market Daily News Headlines:Euro hits lowest level in two decades as gas prices soar Elliott Wave Market Indices Wave A Trading Strategy: Nil Video Chapters 00:00 DAX 40 (GDAXI) 09:16 EURO STOXX 50 10:19 UKX / FTSE 100 13:39 Forex GBPUSD / EURUSD / DXY 19:55 Thanks for watching! Analyst Peter Mathers TradingLounge™

US Stock Market NASDAQ, AMZN, AAPL, NVDA, TSLA, GOOGL, BRK.B, SQ, META, MSFT, BAC, JPM, GS. Elliott Wave Technical Analysis Stock Market Summary: Wave iii) of A of (B) of B) US Stocks: Tesla TSLA, Amazon AMZN, Nvidia (NVDA), Apple AAPL, Microsoft MSFT, Berkshire Hathaway (BRK/B),Block, Inc (SQ), Facebook FB, Meta Platforms, Alphabet GOOGL. XFL Finance Sector ETF, JPMorgan JPM & Bank of America BAC. Stock Trading strategies: Hold short until the completion of Wave A Video Chapters 00:00 NASDAQ 100 02:49 Apple (AAPL) 07:38 NVIDIA (NVDA) 08:45 Amazon (AMZN) 10:24 Meta Platforms (META) 11:52 Tesla (TSLA) 13:34 Alphabet (GOOGL) 16:24 Microsoft (MSFT) 17:55 Berkshire Hathaway BRK/B 18:36 Square. Block Inc. (SQ) 19:46 Banks BAC, JPM, GS 23:26 End. Thanks for supporting! Analyst Peter Mathers TradingLounge™

Shopify Inc., Elliott Wave Technical Analysis Shopify Inc., (SHOP:NYSE): Daily Chart, August 22, 2022, SHOPStock Market Analysis:Moving lower as expected from the previous forecast on August 16. This should be wave (i) of {v} therefore I am looking for further downside. Red line is invalidation level. SHOP Elliott Wave count: Wave (i) of {v}. SHOPTrading Strategy: Waiting for a larger pullback in wave (ii) to enter short. SHOPTechnical Indicators:We are below all EMAs and we’hve had the 20EMA acting as resistance. SHOPLatest News: While shareholders of Shopify (NYSE:SHOP) are in the black over 5 years, those who bought a week ago aren't so fortunate(Simply Wall St.) TradingLounge Analyst: Alessio Barretta ShopifyInc., SHOP: 4-hour Chart, August 22 2022, Shopify Inc., Elliott Wave Technical Analysis SHOP Stock Market Analysis: Looking for a bounce in wave iv as a potential shorting opportunity. SHOPElliott Wave count: Wave iii of (i). SHOP Technical Indicators: All technical indicators suggest for further downside. SHOPTrading Strategy: Waiting for a pullback into wave iv which has to be a three wave pullback.

Elliott Wave Analysis TradingLounge Daily Chart, 22 August 2022, Uniswap(UNIUSD) 22 Monday, August 2022,02:17(UTC+1)London UNIUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave ((2)) Direction Next higher Degrees: Details: reduction in wave ((2)) before are rising again in wave ((3)) Wave Cancel invalid Level: 3.333 Uniswap(UNIUSD) Trading Strategy: The decline to create this second wave could be an opportunity to join the trend again. Wait for the second wave to finish. Uniswap(UNIUSD) Technical Indicators: Price has significant support at MA100, MACD has Hidden Bullish divergence signal. TradingLounge Analyst: Kittiampon Somboonsod Elliott Wave Analysis TradingLounge 4H Chart, 22 August 2022, Uniswap(UNIUSD) Monday 22 August 2022,02:16(UTC+1)London UNIUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Flat Position: Wave (C) Direction Next higher Degrees: wave ((2)) of Motive Details: Decrease in wave (C). before increase again Wave Cancel invalid Level : Uniswap(UNIUSD) Trading Strategy: The decline to create this second wave could be an opportunity to join the trend again. Wait for the second wave to finish. Uniswap(UNIUSD) Technical Indicators: The price is all below the MA line, indicating a downtrend. The RSI is moving into a bearish resistant zone. Short-term, there is a chance to drop again.

I'm not sure, however I've never been charge for setting up an account. what you maybe getting charged for is data as there are different types of data feeds, there is also a platform fee for using ProRealTime as its a third party App.

Commodity Futures Market Summary: Elliott Wave Trading Strategies; US Gov Bonds 10 Yr Yields, US Dollar Index DXY, US Spot Gold, GDX, Silver, Copper, XLE Energy ETF, Crude Oil and Natural Gas Market Summary: Stronger US dollar weaker commodities, expect the trend for the DXY to trend higher placing more pressure on Gold and Silver. Energy is holding up well and natural Gas can move higher while Crude sticks to 90. Expecting the US Gov Bonds 10 Yr. Yields to eventually develop support on 3% and then move higher. I also have a look at the negative count for Energy and precious metals and at what point we need to be careful of a turn lower. Video Chapters 00:00 US Gov Bonds 10 Yr Yields 00:49 US Dollar Index DXY 05:01 GDX ETF / US Spot Gold 13:08 US Spot Silver 14:49 US Copper 17:30 XLE Energy ETF 21:55 Crude Oil 23:06 Natural Gas 30:31 Thanks for supporting! Analyst Peter Mathers TradingLounge™

SP 500 Elliott Wave Technical Analysis and Trading Strategies: NASDAQ 100 NDX, Russell 2000 RUT. Dow Jones Industrial (DJI) Stock Market Daily News Today: Indices still have room to move lower. Elliott Wave Market Summary Today:Wave (v) of (c) of 4 Expecting further downside, a 38.2% retracement as a wave four or even a deeper move. Day / Trend Trading Strategies: Protect short trade profits with trailing stop loss. Video Chapters 00:00 S&P500 16:55 NASDAQ 100 (NDX) 20:09 Russell 2000 (RUT) 22:07 Dow Jones Industrial Average (DJI) 24:51 End. Thanks for supporting! Analyst Peter Mathers TradingLounge™

Honeywell InternationalInc., Elliott Wave Technical Analysis Honeywell International Inc.,(HON:NASDAQ): Daily Chart, August 19, 2022, HONStock Market Analysis: Looking for a resumption of the overall uptrend. The move off the low appears to be impulsive as we can count a potential five wave move. HON Elliott Wave count: {v} of 3. HONTrading Strategy: Looking for a break of wave (b) on the left and then potentially the end of wave 4 to then set up longs. HONTechnical Indicators:Above all EMAs and starting to form RSI divergence. TradingLounge Analyst: Alessio Barretta Honeywell International Inc.,HON: 4-hour Chart, August 19 2022, Honeywell International Inc.,Elliott Wave Technical Analysis HONStock Market Analysis: Looking for continuation higher, the 1.618 3vs 1 is at 207$ which represents the next target. HONElliott Wave count: Wave {v} of 3. HON Technical Indicators:All technical indicators suggest for further upside. HONTrading Strategy:On short time frames every pullback should be supported therefore look for longs.

Elliott Wave Analysis TradingLounge Daily Chart, 19 August 2022, Cardano(ADAUSD) ADAUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Flat Position: Wave ((C)) Direction Next higher Degrees: Wave II of Motive Details: corrective Expanded Flat In wave two, wave ((c)) is usual y 1.618 x wave ((A)). Wave Cancel invalid Level: 0.4050 Cardano(ADAUSD) Trading Strategy: As this is a short correction to the uptrend so we should take the opportunity when the second wave is finished to join the trend again. Cardano(ADAUSD) Technical Indicators: MACD crosses the signal line above the zero line. It may be a short-term reversal. TradingLounge Analyst: Kittiampon Somboonsod Elliott Wave Analysis TradingLounge 4H Chart, 19 August 2022, Cardano(ADAUSD) ADAUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Flat Position: Wave ((C)) Direction Next higher Degrees: Wave II of Motive Details: corrective Expanded Flat In wave two, wave ((c)) is usual y 1.618 x wave ((A)). Wave Cancel invalid Level: 0.4050 Cardano(ADAUSD) Trading Strategy: As this is a short correction to the uptrend so we should take the opportunity when the second wave is finished to join the trend again. Cardano(ADAUSD) Technical Indicators: RSI enters Oversold Zone, beware of short term reversal