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tradinglounge

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  1. 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
  2. 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: UK consumer sentiment hits record low as inflation soars Elliott Wave Market Indices Summary: Wave 4 currently in Wave b) of 4 and Wave c) lower is still required. Trading Strategy: Short trades for the DAX and Stoxx see video for trade signals Video Chapters 00:00 DAX 40 (GDAXI) 04:31 EURO STOXX 50 06:57 UKX / FTSE 100 08:30 Forex EURUSD / DXY 13:40 Thanks for watching! Analyst Peter Mathers TradingLounge™
  3. US Stock Market NASDAQ, AMZN, AAPL, NVDA, TSLA, GOOGL, BRK.B, SQ, META, MSFT, BAC, JPM, GS. Elliott Wave Technical Analysis Stock Market Summary: The top of Wave 3 appears to be in place and now stocks have started Wave b) of 4 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: If Friday trade appears softer 20 minutes after the opening then look for short trade setups and because we are in Wave 4 a correction use smaller position sizes. Video Chapters 00:00 NASDAQ 100 00:01 Apple (AAPL) 12:15 NVIDIA (NVDA) 13:50 Amazon (AMZN) 15:00 Meta Platforms (META) 15:40 Tesla (TSLA) 17:38 Alphabet (GOOGL) 18:08 Microsoft (MSFT) 19:48 Berkshire Hathaway BRK/B 20:37 Square. Block Inc. (SQ) 21:50 Banks BAC, JPM, GS 27:10 End. Thanks for supporting! Analyst Peter Mathers TradingLounge™
  4. Texas Instruments Inc., Elliott Wave Technical Analysis Texas Instruments Inc.,(TXN:NASDAQ): Daily Chart, August 18, 2022, TXNStock Market Analysis: Retracing as expected, we could have a simple and short wave (2) or else have a double correction lower. TXN Elliott Wave count: C of (2) TXNTrading Strategy: Wait for the end of wave C and then look for a bounce to start building longs. TXNTechnical Indicators:We are above the 200EMa while we are crossing the 20 EMA. I would like to see the 200 EMA act as support. TradingLounge Analyst: Alessio Barretta Texas Instruments Inc.,TXN: 4-hour Chart, August 18 2022, Texas Instruments Inc.,Elliott Wave Technical Analysis TXNStock Market Analysis: It looks like wave C is not yet completed and we could unfold lower. TXNElliott Wave count: Wave {iii} of C. TXN Technical Indicators:Below the 20EMA, we could get support off the 200EMA. TXNTrading Strategy:On short time frame we could look for short opportunities.
  5. Elliott Wave Analysis TradingLounge Daily Chart, 18 August 2022, Dogecoin(DOGETUSD) DOGEUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Zigzag Position: Wave (C) Direction Next higher Degrees: wave ((4)) of Impulse Details: reduction in wave ((5)) before are rising again. Wave Cancel invalid Level : Dogecoin(DOGETUSD) Trading Strategy: Wave ((4)) seems to have finished and the price wil drop again on wave ((5)), so it's a good opportunity to look for another opportunity to join the downtrend. Dogecoin(DOGETUSD) Technical Indicators: RSI returns from Overbought Zone TradingLounge Analyst: Kittiampon Somboonsod Elliott Wave Analysis TradingLounge 4H Chart, 17 August 2022, Dogecoin(DOGETUSD) DOGEUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave 5 Direction Next higher Degrees: wave (C) of Zigzag Details: decrease again in wave ((5)). Wave Cancel invalid Level : Dogecoin(DOGETUSD) Trading Strategy: Wave ((4)) seems to have finished and the price wil drop again on wave ((5)), so it's a good opportunity to look for another opportunity to join the downtrend. Dogecoin(DOGETUSD) Technical Indicators: RSI Signals Bearish Divergence.
  6. SP 500 Elliott Wave Technical Analysis and Trading Strategies: NASDAQ 100 NDX, Russell 2000 RUT. Dow Jones Industrial (DJI) Stock Market Daily News Today: Stocks end lower after Fed Minutes.. Elliott Wave Market Summary Today:Wave (a) of 4 Expecting further downside, a 38.2% retracement as a wave four or even a deeper move. We are preparing to short in the next trading session. see video for trade setups. Day / Trend Trading Strategies: Looking at Short Trade Set-ups Video Chapters 00:00 S&P500 14:21 NASDAQ 100 (NDX) 16:32 Russell 2000 (RUT) 20:40 Dow Jones Industrial Average (DJI) 24:26 End. Thanks for supporting! Analyst Peter Mathers TradingLounge™
  7. Pepsico Inc., Elliott Wave Technical Analysis Pepsico Inc., (PEP:NASDAQ): Daily Chart, August 17, 2022, PEP Stock Market Analysis: Moving as expected, we are looking for extension higher as expected. We should be in wave (iii) of {iii} of 3 as expected, which should give us a vertical incline. PEP Elliott Wave count: (iii) of {iii} of 3 PEP Trading Strategy: Build long positions on every bullish pullback with stop on the last significant low. Short term we strongly favor the upside. PEP Technical Indicators: We are above all EMAs and there’s more room for further RSI upside. TradingLounge Analyst: Alessio Barretta Pepsico Inc., PEP: 4-hour Chart, August 17 2022, Pepsico Inc., Elliott Wave Technical Analysis PEP Stock Market Analysis: Looking for wave (iv) of {iii} for a potential entry. PEP Elliott Wave count: Wave (iii) of {iii} PEP Technical Indicators: All technical indicators suggest bullish momentum. PEP Trading Strategy: Looking for bounces off the 20 EMA(red line) as support.
  8. Polkadot(DOTUSD) DOTUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Diagonal Position: Wave | Direction Next higher Degrees: Wave (Ill) of Motive Details: Diagonal price structure, once completed, the price will drop in the second wave. beware of reversing Wave Cancel invalid Level: 5.955 Polkadot(DOTUSD) Trading Strategy: Diagonal price structure when finished The price will drop in the second wave. Be careful to reverse at 50% or 61.8% of the first wave. Wait for another trend entry once the second wave completes. Polkadot(DOTUSD) Technical Indicators: The price can pass through both w MA20,MA50,MA100 It is a good signal to reverse the uptrend. Elliott Wave Analysis TradingLounge 4H Chart, 17 August 2022, Polkadot(DOTUSD) DOTUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Diagonal Position: Wave | Direction Next higher Degrees: Wave (Ill) of Motive Details: Diagonal price structure, once completed, the price will drop in the second wave. beware of reversing Wave Cancel invalid Level: 6.00 Polkadot(DOTUSD) Trading Strategy: The retracement of the second wave is usually 50% or 61.8% of the first wave. This is the same level as the previous fourth wave, which was the key level. Reversal in this area is an opportunity to rejoin the trend. Polkadot(DOTUSD) Technical Indicators: The MA50 is above the MA200 showing an uptrend.
  9. 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: Natural Gas is the best long trade, buy the abc retracement as explained int he video. Gold, Silver and Copper are also retracing in an Wave 2 long trade set up, these long trades are not ready yet, but I will keep you updated on the correct entry, stop and building further position. Video Chapters 00:00 US Gov Bonds 10 Yr Yields 01:23 US Dollar Index DXY 02:55 US Spot Gold 06:00 US Spot Silver 06:50 XLE Energy ETF 07:50 Crude Oil 09:59 Natural Gas 18:11 Copper 19:31 Thanks for supporting! Analyst Peter Mathers TradingLounge™
  10. Shopify Inc., Elliott Wave Technical Analysis Shopify Inc., (SHOP:NYSE): Daily Chart, August 16, 2022, SHOPStock Market Analysis: Looking for continuation lower into wave {v}. Potential wave {iv} is taking quite some time which could have been predicted due to the fact that wave {ii} was a sharp correction therefore because of the rule of alternation wave {iv} had to be time consuming. SHOP Elliott Wave count: Wave (c of {iv}. SHOPTrading Strategy: Waiting for further confirmation to start building shorts. We need to break wave iv of (c. SHOPTechnical Indicators:We are well below the 200 EMA and we are starting to form RSI bearish divergence. SHOPLatest News: Shopify Inc. (SHOP) is Attracting Investor Attention: Here is What You Should Know(Zacks Equity Research) TradingLounge Analyst: Alessio Barretta ShopifyInc., SHOP: 4-hour Chart, August 16 2022, Shopify Inc., Elliott Wave Technical Analysis SHOP Stock Market Analysis: Looking for further downside to start wave (i) of {v}. SHOPElliott Wave count: Wave (i) of {v}. SHOP Technical Indicators: We barely touched the 200 EMa and found resistance from it. Looking for a break and a retest of the 20 EMA( red line). SHOPTrading Strategy: Waiting for additional confirmation i.e. the break of wave iv of c) .
  11. Elliott Wave Analysis TradingLounge Daily Chart, 16 August 2022, Dogecoin(DOGEUSD) DOGEUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Zigzag Position: Wave (C) Direction Next higher Degrees: Wave ((4)) of Impulse Details: Impulse price structure in the fourth wave, upon completion the price will fall again in the fifth wave. Wave Cancel invalid Level: 0.0492 Dogecoin(DOGEUSD) Trading Strategy: Fourth wave short-term rise in downward direction, upon completion, price reverses again in fifth wave, with a target price of 0.9000 that equals Port-triangle thrust. Dogecoin(DOGEUSD) Technical Indicators: Be careful, but resistance is important at the 200 MA line. TradingLounge Analyst: Kittiampon Somboonsod Elliott Wave Analysis TradingLounge 4H Chart, 16 August 2022, Dogecoin(DOGEUSD) DOGEUSD Elliott Wave Technical Analysis Function: Fol ow trend Mode: Motive Structure: Impulse Position: Wave 3 Direction Next higher Degrees: wave (C) of Zigzag Details: An increase in Zizag's wave (C) when completed, the price will fall again. Wave Cancel invalid Level: Dogecoin(DOGEUSD) Trading Strategy: The subwave of the third wave may have moved sideways before rising again, with the key resistance being the same level of the previous fourth wave. Dogecoin(DOGEUSD) Technical Indicators: The MA50 is above the MA200 showing an uptrend.
  12. Bitcoin BTC-USD Elliott Wave Technical Analysis TradingLevels. Price Prediction Today - TradingLounge Bitcoin Headline News: Today I compare Ethereum and Bitcoin to the NASDAQ Crypto Market Summary Elliott Wave Analysis : Ethereum expect Classic TradingLevels pattern across 2000 and the same for Bitcoin across the 25000 This will tie in nicely with the US tech stocks Bitcoin Trading Strategy: NIL Analyst Peter Mathers TradingLounge™
  13. US Stock Market NASDAQ, AMZN, AAPL, NVDA, TSLA, GOOGL, BRK.B, SQ, META, MSFT, BAC, JPM, GS. Elliott Wave Technical Analysis Stock Market Summary: Monday is expected to trade higher as Wave v of (iii) of v) of 3 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: Risk On. However look to take part profits at Wave (iii) and tighten stops once Wave (iv) is completed and tomorrow we will work out the tops. Video Chapters 00:00 SP500 Low Vol 05:13 Apple (AAPL) 08:38 NVIDIA (NVDA) 11:45 Amazon (AMZN) 13:13 Meta Platforms (META) 14:32 Tesla (TSLA) 16:21 Alphabet (GOOGL) 17:10 Microsoft (MSFT) 17:42 Berkshire Hathaway BRK/B 19:47 Square. Block Inc. (SQ) 21:30 Banks BAC, JPM, GS 28:51 End. Thanks for supporting! Analyst Peter Mathers TradingLounge™
  14. Intuitive Surgical Inc., Elliott Wave Technical Analysis Intuitive Surigcal Inc., (ISRG:NASDAQ): Daily Chart, August 15, 2022, ISRG Stock Market Analysis: Looking for continuation higher into (v) of {iii} as we have been tracking down for the past week. The price movement has been confirming the bias therefore the level of conviction of the count has increased. ISRG Elliott Wave count: Wave (iv) of {iii}. ISRG Trading Strategy: Start building small long position and an aggressive stop would be below the 232$ low. ISRG Technical Indicators:Both RSI and MACD are in clear bull territory and support the thesis of a wave {iii} in place. ISRG Latest News: Block’s earning beat estimates but the stock drops. Here’s why(Yahoo Finance). TradingLounge Analyst: Alessio Barretta Intuitive Surgical Inc., ISRG: 4-hour Chart, August 15 2022, Intuitive Surgical Inc., Elliott Wave Technical Analysis ISRG Stock Market Analysis: Looking for an end of wave c or else the end of the triangles as shown. The alternate would be a sideways complex correction. ISRG Elliott Wave count: Wave c of (iv) ISRG Technical Indicators: We have just touched the 200 EMA and we have found support off it which is an additional sign of further upside. ISRG Trading Strategy: Start building small long position and an aggressive stop would be below the 232$ low.
  15. Bitcoin BTC-USD Elliott Wave Technical Analysis TradingLevels. Price Prediction Today - TradingLounge Bitcoin Headline News Today:Skybridge Expects Bitcoin to Reach $300K In 6 years. Crypto Market Summary Elliott Wave Analysis : ETH to above 2000 and Bitcoin above 25000 and the next step is to secure these levels are the tested support. The Elliott Wave structure is suggesting higher moves, that could occur rather quickly because of the series of one's and two's with the Elliott Wave structure, however the tested support with a Classic TradingLevels pattern is the next step in the pattern recognition that you're looking for as the trade setup. Bitcoin Trading Strategy: Risk On Analyst Peter Mathers TradingLounge™
  16. Elliott Wave Analysis TradingLounge Daily Chart, 15 August 2022, Ethereum(ETHUSD) ETHUSD Elliott Wave Technical Analysis Function: Fol ow trend Mode: Motive Structure: Impulse Position: Wave I Direction Next higher Degrees: Impulse wave (V) Details: The first wave may be nearing its end and the price reverses. back in the second wave Wave Cancel invalid Level: Ethereum(ETHUSD) Trading Strategy: Price is completing five moves in a Motive wave with significant resistance at MA200 or price target wave ((5)) at 2123 level. Watch out for a reversal in the second wave by a larger degree. Ethereum(ETHUSD) Indicators: The RSI is in the Overbought Zone. TradingLounge Analyst: Kittiampon Somboonsod Elliott Wave Analysis TradingLounge 4H Chart, 15 August 2022, Ethereum(ETHUSD) ETHUSD Elliott Wave Technical Analysis Function: Fol ow trend Mode: Motive Structure: Impulse Position: Wave ((5)) Direction Next higher Degrees: Impulse wave I Details: The first wave may be nearing its end and the price reverses. back in the second wave Wave Cancel invalid Level: Ethereum(ETHUSD) Trading Strategy: Price is completing five moves in a Motive wave with significant resistance at MA200 or price target wave ((5)) at 2123 level. Watch out for a reversal in the second wave by a larger degree. Ethereum(ETHUSD) Technical Indicators: MACD has positive momentum, short-term price may rise.
  17. SP 500 Elliott Wave Technical Analysis and Trading Strategies: SP 500 (SPY), NASDAQ 100 NDX, QQQ ETF, Russell 2000 RUT IWM ETF. Dow Jones Industrial (DJI) Stock Market Daily News Today: Friday's momentum should follow through today and see markets higher Elliott Wave Market Summary Today:Wave (iii) of v) of 3 Thursday - look for the Bullish Weekly Cycle play in line with the Elliott Wave count and the TradingLevels Day / Trend Trading Strategies: Monday: Expect the market to open higher: Risk On. Video Chapters 00:00 S&P500 SPY ETF 19:45 NASDAQ 100 (NDX) 22:16 Russell 2000 (RUT) 23:18 Dow Jones Industrial Average (DJI) 26:45 End. Thanks for supporting! Analyst Peter Mathers TradingLounge™
  18. 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 ASX200: Wave (iii) of v) to 7200 ASX200 Trading Strategy: Risk On Video Chapters 00:00 ASX200 (XJO) 12:57 Commonwealth Bank CBA 14:39 Iron Ore BHP RIO FMG 22:08 Newcrest Mining NCM 24:07 AUDUSD & DXY 29:16 Thanks for watching! Analyst Peter Mathers TradingLounge™
  19. KLA Corp., Elliott Wave Technical Analysis KLA Corp.,(KLAC:NASDAQ): Daily Chart, August 12, 2022, KLACStock Market Analysis:Looking for further continuation lower into wave c) of {ii}. Wave (b) may not be finished, however I am still looking for further downside after the initial move up we had in a five wave manner. KLAC Elliott Wave count: Wave c) of {ii}. KLACTrading Strategy: wait for the end of wave {ii} to start building long positions to target ATH. KLAC Technical Indicators:We are above all EMAs which suggests we have resumed the uptrend. We could find support off the 200 EMA. TradingLounge Analyst: Alessio Barretta KLACorp.,KLAC: 4-hour Chart, August 12 2022, KLA Corp., Elliott Wave Technical Analysis KLAC Stock Market Analysis: Looking for completion of wave (b) to then resume downside into wave c) which could eveb be traded on short timeframes. KLACElliott Wave count: Wave c of (b). KLAC Technical Indicators: We are facing resistance off the 20 EMA which could be a sign wave (b) is completed or nearly completed. KLACTrading Strategy: You could either look for shorts into wave c) or/and wait for a larger swing once wave {ii} is finished and target he upside with wave {iii}.
  20. Elliott Wave Analysis TradingLounge 3-Daily Chart, 12 August 2022, Monero(XMRUSD) XMRUSD Elliott Wave Technical Analysis Mode: Motive Structure: Impulse Position: Wave I Direction Next higher Degrees: Wave C of Zigzag Details: The sub-wave of the first wave is about to end. Watch out for the reverse in Wave Cancel invalid Level: Monero(XMRUSD) Trading Strategy: The entry price is entering the last wave of the first wave. And it is going up to test resistance at MA50, waiting for a reversal in the second wave to enter the trend again. Monero(XMRUSD) Indicators: MACD and MACD Histogram have a reversal signal in an uptrend. TradingLounge Analyst: Kittiampon Somboonsod Elliott Wave Analysis TradingLounge 4H Chart, 12 August 2022, Monero(XMRUSD) XMRUSD Elliott Wave Technical Analysis Mode: Motive Structure: Impulse Position: Wave ((4)) Direction Next higher Degrees: wave I of C Details: Entering the fifth wave. Watch out for the reverse Wave Cancel invalid Level: Monero(XMRUSD) Trading Strategy: The short-term rise of the fifth wave After the fourth wave The level of the end of the triangle pattern is at The end of wave D, but if the price descends below the end of wave E, it is possible that the fifth wave may end at wave B. Monero(XMRUSD) Technical Indicators: MACD and MACD Histogram continue in the same direction.
  21. Apologies for posting stocks in the fx section Rgds Pete : ))
  22. Apologies for posting stocks in the fx section Rgds Pete : ))
  23. 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: Looking for short term highs for Gold, Silver and Copper. The US Dollar has potential for further downside and the energy sector and commodities have moved higher and could also move higher in line with the stock market for Friday to Tue. I also take a quick look at all the main US Sectors today. Video Chapters 00:00 US Gov Bonds 10 Yr Yields 02:06 US Dollar Index DXY 02:06 US Sectors... 03:56 US Spot Gold & GDX ETF 15:41 US Spot Silver 16:39 XLE Energy ETF 16:39 Crude Oil / XOM 24:38 Natural Gas 26:52 Copper 28:45 Thanks for watching! Analyst Peter Mathers TradingLounge™
  24. US Stock Market NASDAQ, AMZN, AAPL, NVDA, TSLA, GOOGL, BRK.B, SQ, META, MSFT, BAC, JPM, GS. Elliott Wave Technical Analysis Stock Market Summary: The current small move lower is being viewed as a corrective Wave v). 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: Look for strength and long trade set ups for short term traders. Thursday - look for the Bullish Weekly Cycle play in line with the Elliott Wave count and the TradingLevels. Friday Wave (ii) is buying the dip now and leaving Friday and Monday Bullish. Risk On Video Chapters 00:00 NASDAQ 100 05:26 Apple (AAPL) 09:16 NVIDIA (NVDA) 10:20 Amazon (AMZN) 11:19 Meta Platforms (META) 12:39 Tesla (TSLA) 13:17 Alphabet (GOOGL) 14:08 Microsoft (MSFT) 15:13 Berkshire Hathaway BRK/B 16:46 Square. Block Inc. (SQ) 18:14 Banks BAC, JPM, GS 23:10 End. Thanks for supporting! Analyst Peter Mathers TradingLounge™
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