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

Unlocking ASX Trading Success: WOODSIDE ENERGY GROUP LTD - WDS Stock Analysis & Elliott Wave Technical Forecast ASX: WOODSIDE ENERGY GROUP LTD - WDS Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WOODSIDE ENERGY GROUP LTD - WDS. We ascertain that wave ((iv))-green is evolving as a Triangle Correction, and its wave (c)-purple may continue to rise a bit further. And after the entire Triangle Correction concludes with wave ((iv)), wave ((v))-green will return to push lower. ASX: WOODSIDE ENERGY GROUP LTD - WDS Elliott Wave Technical Analysis ASX: WOODSIDE ENERGY GROUP LTD - WDS 1D Chart (Semilog Scale) Analysis Function: Major trend (Minute degree, green) Mode: Motive Structure: Impulse Position: Wave ((iv))-green Details: The short-term outlook suggests that wave ((iv))-green has been initiated, with expectations of it forming a corrective Triangle pattern. Therefore, it can be inferred that wave ((iv)) will likely continue to move sideways for some time before wave ((v))-green resumes to push lower. Invalidation point: 33.08 ASX: WOODSIDE ENERGY GROUP LTD - WDS Elliott Wave Technical Analysis TradingLounge (4-Hour Chart) ASX: WOODSIDE ENERGY GROUP LTD - WDS Elliott Wave Technical Analysis ASX: WOODSIDE ENERGY GROUP LTD - WDS 4-Hour Chart Analysis Function: Counter trend (Minuette degree, purple) Mode: Corrective Structure: Triangle Position: Wave (c)-purple Details: The shorter-term outlook further describes the detailed subdivisions of wave ((iv))-green as a Triangle Correction. Waves (a) and (b)-purple have completed, and now wave (c)-purple is unfolding. Typically, wave (c) exhibits a common retracement ratio compared to wave (a) within a Triangle Correction, and the target for this ratio is around 31.36. Therefore, we can expect wave (c) to rise to test that resistance level. Invalidation point: 33.08 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: FORTESCUE LTD – FMG aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends. Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).

Elliott Wave Analysis TradingLounge Daily Chart, Binance/ U.S. dollar(BNBEUSD) BNBUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave ((v)) Direction Next higher Degrees: wave 3 Wave Cancel invalid level: 287.5 Details: Wave ((V)) is equal to wave ((1) at 734.4 Binance/ U.S. dollar(BNBEUSD)Trading Strategy: It looks like Wave IV has finished correcting. And the price is rising again in Wave V. Wave V usually has the same length as Wave I. Therefore, we predict the trend of Wave V has a chance to test the 0734.4 level before correcting again. Binance/ U.S. dollar(BNBEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, Binance/ U.S. dollar(BNBEUSD) BNBUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave ((v)) Direction Next higher Degrees: wave 3 Wave Cancel invalid level: 287.5 Details: Wave ((V)) is equal to wave ((1) at 734.4 Binance/ U.S. dollar(BNBEUSD)Trading Strategy: It looks like Wave IV has finished correcting. And the price is rising again in Wave V. Wave V usually has the same length as Wave I. Therefore, we predict the trend of Wave V has a chance to test the 0734.4 level before correcting again. Binance/ U.S. dollar(BNBEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

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

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

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

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

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

Unlocking ASX Trading Success: FORTESCUE LTD – FMG Stock Analysis & Elliott Wave Technical Forecast ASX: FORTESCUE LTD – FMG Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with FORTESCUE LTD – FMG. We have identified that wave (v) may return to FMG to continue pushing higher, but it needs to be monitored closely until the significant high is breached. This would increase confidence and renew the bullish outlook. ASX: FORTESCUE LTD – FMG Elliott Wave Technical Analysis ASX: FORTESCUE LTD – FMG 1D Chart (Semilog Scale) Analysis Function: Major trend (Minuette degree, purple) Mode: Motive Structure: Impulse Position: Wave (iv)-purple Details: The short-term outlook indicates that waves (i)-purple through (iii)-purple have concluded, so wave (iv)-purple is currently unfolding. It seems that it may have just ended at a low of 23.43. However, it's too early to definitively say this, and a rise above 26.56 would refresh the bullish perspective. Invalidation point: 22.63 Confirmation point: 26.56 ASX: FORTESCUE LTD – FMG Elliott Wave Technical Analysis TradingLounge (4- Hour Chart) ASX: FORTESCUE LTD – FMG Elliott Wave Technical Analysis ASX: FORTESCUE LTD – FMG 4-Hour Chart Analysis Function: Major trend (Minuette degree, purple) Mode: Motive Structure: Impulse wave Position: Wave (v)-purple Details: The short-term outlook suggests that wave (iv)-purple appears to have bottomed out around 23.43, and wave (v)-purple seems to be unfolding to push higher. However, it's important to note that wave (iv) experienced a significant decline, and it's still too early to confirm what's happening. Therefore, breaking above the recent high at 26.56 would renew the bullish view and increase confidence in the upward trend. Invalidation point: 23.43 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: FORTESCUE LTD – FMG aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends. Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).

Elliott Wave Analysis TradingLounge Daily Chart, Dogecoin/ U.S. dollar(DOGEUSD) DOGEUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave ((5)) Direction Next higher Degrees: wave V of Impulse Wave Cancel invalid Level: Details: Wave ((5)) is equal to Wave ((1)) at 0.2182 Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy: It looks like Wave IV has finished correcting. And the price is rising again in Wave V. Wave V usually has the same length as Wave I. Therefore, we predict the trend of Wave V has a chance to test the 0.2382 level before correcting again. Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Elliott Wave Analysis TradingLounge 4H Chart, Dogecoin/ U.S. dollar(DOGEUSD) DOGEUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave ((5)) Direction Next higher Degrees: wave V of Impulse Wave Cancel invalid Level: Details: Wave ((5)) is equal to Wave ((1)) at 0.2182 Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy: It looks like Wave IV has finished correcting. And the price is rising again in Wave V. Wave V usually has the same length as Wave I. Therefore, we predict the trend of Wave V has a chance to test the 0.2382 level before correcting again. Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

Unlocking ASX Trading Success: V300AEQ ETF UNITS – VAS Stock Analysis & Elliott Wave Technical Forecast ASX: V300AEQ ETF UNITS – VAS Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with V300AEQ ETF UNITS – VAS. We see that VAS has the potential to continue rising to higher levels, aiming for a target at 100.51, which also a good potential opportunity. ASX: V300AEQ ETF UNITS – VAS Elliott Wave Technical Analysis ASX: V300AEQ ETF UNITS – VAS 1D Chart (Semilog Scale) Analysis Function: Major trend (Minute degree, green) Mode: Motive Structure: Impulse Position: Wave iii-blue of Wave (iii)-purple of Wave ((iii))-green Details: The short-term outlook suggests that wave ((v))-green is unfolding to push higher, subdividing into waves (i) and (ii)-purple, followed by waves (i) and (ii)-blue. The immediate target for this upward push could be around 100.51, while maintaining a price above 94.98 would be a significant advantage for this perspective. Invalidation point: 92.52 ASX: V300AEQ ETF UNITS – VAS Elliott Wave Technical Analysis TradingLounge (4-Hour Chart) ASX: V300AEQ ETF UNITS – VAS Elliott Wave Technical Analysis ASX: V300AEQ ETF UNITS – VAS 4-Hour Chart Analysis Function: Major trend (Minuette degree, purple) Mode: Motive Structure: Impulse wave Position: Wave iii-blue of Wave (iii)-purple Details: The short-term outlook suggests that wave ii-blue appears to have concluded, and wave iii-blue is unfolding to push higher, targeting 100.51. Maintaining a price above 96.20 would be a significant advantage for this outlook. Invalidation point: 94.98 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: V300AEQ ETF UNITS – VAS aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends. Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).

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

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

USDJPY Elliott Wave Analysis Trading Lounge Day Chart, U.S.Dollar/Japanese Yen(USDJPY) Day Chart USDJPY Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Impulsive as C STRUCTURE:blue wave C POSITION: Black wave Z of B DIRECTION NEXT LOWER DEGREES:black wave C DETAILS blue wave C of Z is in play , after that new trend as black wave C expected. The USDJPY Elliott Wave Analysis for the day chart provides insights into the potential price movements of the U.S. Dollar/Japanese Yen currency pair, utilizing Elliott Wave principles for technical analysis. Identified as a "Counter Trend" scenario, the analysis suggests that the current market direction opposes the prevailing trend, indicating a corrective phase or potential reversal from the predominant price action. Described as "Impulsive as C" in mode, the analysis implies that the ongoing corrective phase exhibits characteristics of an impulsive wave pattern within the broader Elliott Wave cycle. This suggests that despite being a counter-trend move, the corrective phase may display strong momentum. The "STRUCTURE" is identified as "blue wave C," indicating the current wave count within the corrective phase. This helps traders understand the ongoing correction's structure and potential targets within the corrective pattern. Positioned as "Black wave Z of B," the analysis provides insights into the current wave count within the broader corrective structure. This information aids traders in anticipating potential reversal levels or corrective targets within the corrective phase. The "DIRECTION NEXT LOWER DEGREES" is stated as "black wave C," suggesting the anticipated direction for the subsequent lower-degree wave. This implies that once the current corrective phase completes, the market may resume its downward movement within the broader Elliott Wave cycle. In the "DETAILS" section, it is noted that "blue wave C of Z is in play, after that new trend as black wave C is expected." This indicates that the current corrective phase is ongoing, with the expectation of further downside movement before a potential reversal and the start of a new trend. In summary, the USDJPY Elliott Wave Analysis for the day chart offers traders valuable insights into potential price movements, corrective phases, and critical levels to monitor within the broader Elliott Wave structure, aiding in informed trading decisions. USDJPY Elliott Wave Analysis Trading Lounge 4 Hour Chart, U.S.Dollar/Japanese Yen(USDJPY) 4 Hour Chart USDJPY Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Impulsive as C STRUCTURE:red wave 4 POSITION: blue wave C DIRECTION NEXT HIGHER DEGREES:red wave 5 DETAILS red wave 4 of C is in play , after that red wave 5 of C will start. Wave Cancel invalid level: 148.154 The USDJPY Elliott Wave Analysis for the 4-hour chart presents insights into the potential price movements of the U.S. Dollar/Japanese Yen currency pair, employing Elliott Wave principles for technical analysis. Described as a "Counter Trend" scenario, the analysis suggests that the current market direction runs counter to the broader trend, indicating a corrective phase or possible reversal from the prevailing price action. Defined as "Impulsive as C" in mode, the analysis implies that the current corrective phase exhibits characteristics of an impulsive wave pattern within the broader Elliott Wave cycle. This suggests that despite being a counter trend move, the corrective phase may display strong momentum. The "STRUCTURE" is identified as "red wave 4," indicating that the market is currently within the fourth wave of a corrective pattern. This signifies a temporary interruption in the larger trend before a potential continuation or reversal. Positioned as "blue wave C," the analysis provides insights into the current wave count within the corrective phase. This helps traders anticipate potential reversal levels or corrective targets within the corrective structure. The "DIRECTION NEXT HIGHER DEGREES" is stated as "red wave 5," suggesting the anticipated direction for the subsequent higher-degree wave. This implies that once the current corrective phase completes, the market may resume its upward movement within the broader Elliott Wave cycle. In the "DETAILS" section, it is noted that "red wave 4 of C is in play, after that red wave 5 of C will start." This indicates that the current corrective phase is ongoing, with the expectation of further downside movement before a potential reversal. The "Wave Cancel invalid level" is specified as 148.154, serving as a critical threshold. A breach beyond this level would invalidate the current wave count, prompting a reassessment of the analysis. In summary, the USDJPY Elliott Wave Analysis for the 4-hour chart offers traders valuable insights into potential price movements, corrective phases, and critical levels to monitor within the broader Elliott Wave structure. Technical Analyst : Malik Awais

Elliott Wave Analysis TradingLounge Daily Chart, 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 ((3)) Wave Cancel invalid level: Details: Wave (4) may be complete and prices increase again in Wave (5) Ethereum/ U.S. dollar(ETHUSD)Trading Strategy: Ethereum as a whole is moving in an uptrend with an Impulse pattern where the third wave of the move is now complete. We are currently recovering in the short term from the fourth wave correction. And the price will rise again in the fifth wave. Looking at five opportunities to trade the fifth wave uptrend. 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 4H Chart, 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 ((3)) Wave Cancel invalid level: Details: Wave (4) may be complete and prices increase again in Wave (5) Ethereum/ U.S. dollar(ETHUSD)Trading Strategy: Ethereum as a whole is moving in an uptrend with an Impulse pattern where the third wave of the move is now complete. We are currently recovering in the short term from the fourth wave correction. And the price will rise again in the fifth wave. Looking at five opportunities to trade the fifth wave uptrend. Ethereum/ U.S. dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

NASDAQ Stock market Elliott Wave analysis and trading strategies: NASDAQ 100, Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL) Elliott Wave Analysis Update: As anticipated, indices and the majority of stocks are trending upwards, with our long positions performing strongly. I've been adjusting stop-loss orders higher and, this week, will pay closer attention to potential targets given that last week's uptrend in the indices occurred on diminished volume. It's crucial to safeguard our long positions in this scenario. Additionally, based on the Elliott Wave count, we may be nearing an important peak, identified as Intermediate Wave (3). Video Chapters 00:00 NASDAQ 100 (NDX) SPX 02:22 Apple (AAPL) 03:08 Amazon (AMZN) 04:34 Meta Platforms (META) 06:03 NVIDIA (NVDA) 06:54 Netflix (NFLX) 08:05 Alphabet (GOOGL) 10:59 Microsoft MSFT 12:47 Tesla (TSLA) 15:09 End Analyst Peter Mathers TradingLounge™

KO Elliott Wave Analysis Trading Lounge Daily Chart, The Coca-Cola Company, (KO) Daily Chart KO Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave 2 of (1) DIRECTION: Upside in wave 3. DETAILS: We have been monitoring KO for a while now, but the count seems to be evolving continuously. At this point we are still looking for further upside into wave 3, not before we’ll complete the correction in wave 2. KO Elliott Wave Analysis Trading Lounge 4Hr Chart, The Coca-Cola Company, (KO) 4Hr Chart KO Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Minute wave {b} DIRECTION: Looking for upside in wave {b}. DETAILS: At this point we are considering a triangle in wave {b} to then continue lower into wave {c} towards 58$ where wave {ii} of the diagonal stands, which is a very common target for a wave 2 after a diagonal in wave 1. Welcome to our KO Elliott Wave Analysis Trading Lounge, where we provide comprehensive 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 22nd March 2024. * UNH Elliott Wave Technical Analysis – Daily Chart* Our analysis indicates a trending function characterized by impulsive mode and motive structure, positioned in Wave 2 of (1). The direction points to upside momentum in wave 3. Despite continuous evolution in the count, we remain focused on anticipating further upside into wave 3, awaiting the completion of the correction in wave 2. * UNH Elliott Wave Technical Analysis – 4Hr Chart* Here, we identify a counter trend function marked by corrective mode and flat structure, positioned in Minute wave {b}. The direction suggests potential upside movement in wave {b}. We are currently considering the formation of a triangle in wave {b}, anticipating a subsequent move lower into wave {c} towards $58, coinciding with the location of wave {ii} of the diagonal. This target aligns with common patterns observed after a diagonal in wave 1. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here!

WTI Elliott Wave Analysis Function - Counter-trend Mode - Corrective Structure - Zigzag Position - Wave (b) of ‘y’ Direction - Wave (c) of ‘y’ Details - A pullback for (b) is now close to the 80 major level. A rebound is expected from the marked zone (80-78.8) for wave (c) toward 83. Since December 2013, WTI has gained over 18%, which marks a decent recovery following the 28% slump from September to December 2023. However, this recovery only constitutes about 60% of the slump and is corrective. We anticipate that once the correction concludes, the slump from September 2023 will likely resume and possibly extend below $65. In such a scenario, oil would have shed half or more of its value since its peak at $130.5 in March 2022. The Elliott Wave principle can provide insights into whether this recovery has concluded, considering the broader context since March 2022. On the daily timeframe, the oil market resides within a long-term corrective phase of the bullish trend that commenced in March 2022 following the remarkable rebound from the Covid-induced downturn. This corrective phase exhibits bearish characteristics and appears to be forming a double zigzag pattern from $130.55. The initial leg of the zigzag, denoted as wave W (encircled in blue), concluded in March 2023, followed by a resurgence for the corresponding wave X (also encircled in blue), which completed around $95 in September 2023. Subsequently, another three-wave decline for wave Y (blue-circled) is currently unfolding. Sub-wave (A) terminated just below $68 in December 2023, leading to the ongoing rebound for sub-wave (B). This wave (B) is also shaping as a double zigzag and is nearing the conclusion of its 3rd leg - wave Y. On the H4 timeframe, we presently find ourselves within wave (b) of y of Y of (B) - the waves preceding the final leg. Wave (b) is approaching a crucial major level at 80, or the 80-78.8 zone just below it. We anticipate this level or zone to provide support for (b). Subsequently, wave (c) is expected to initiate shortly, targeting prices above $84. However, (b) may deviate lower than anticipated or potentially fail to reach the key zone, yet it should ideally remain above 76.83. A breach below 76.83 could signify that (B) has already concluded, and the bullish correction from December 12 might have peaked between $83.1 Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here!

GBPAUD Elliott Wave Analysis Trading Lounge Day Chart, British Pound/ Australian Dollar(GBPAUD) Day Chart GBPAUD Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE Blue wave 😄 POSITION: Black wave 2 DIRECTION NEXT LOWER DEGREES:black wave 3 DETAILS: blue wave B of 2 looking completed and blue wave C of 2 is in play . Wave Cancel invalid level: 1.99747 The GBPAUD Elliott Wave Analysis for the day chart offers valuable insights into the potential price movements of the British Pound/Australian Dollar currency pair, utilizing Elliott Wave principles within technical analysis. Identified as a "Counter Trend" scenario, the analysis indicates that the current market direction opposes the broader trend, suggesting a corrective phase or potential reversal from the prevailing price movement. Characterized as "Corrective" in mode, the analysis suggests that the current price action is part of a corrective wave pattern, indicating a temporary deviation from the primary trend. The "STRUCTURE" is defined as "Blue wave C," signifying that the market is currently within the C wave of a corrective pattern. This typically represents the final leg of the corrective structure before the resumption of the larger trend. Positioned as "Black wave 2," the analysis provides insights into the current wave count within the broader Elliott Wave cycle. This helps traders identify potential reversal levels or corrective targets within the larger wave structure. The "DIRECTION NEXT LOWER DEGREES" is stated as "Black wave 3," indicating the anticipated direction for the subsequent lower-degree wave. This suggests that once the current corrective phase concludes, the market may resume its downward movement in the broader Elliott Wave cycle. In the "DETAILS" section, it is noted that "blue wave B of 2 looking completed, and blue wave C of 2 is in play." This suggests that the corrective phase has likely concluded, and the market is now poised for a reversal or continuation of the larger trend. The "Wave Cancel invalid level" is specified as 1.99747, serving as a critical threshold. A breach beyond this level would invalidate the current wave count, prompting a reevaluation of the analysis. In summary, the GBPAUD Elliott Wave Analysis for the day chart provides traders with valuable insights into potential price movements, corrective phases, and critical levels to monitor for trading opportunities within the broader Elliott Wave structure. GBPAUD Elliott Wave Analysis Trading Lounge 4 Hour Chart, British Pound/ Australian Dollar(GBPAUD) 4 Hour Chart GBPAUD Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE Blue wave 😄 POSITION: Black wave 2 DIRECTION NEXT LOWER DEGREES:Black wave 3 DETAILS: blue wave B of 2 looking completed and blue wave C of 2 is in play . Wave Cancel invalid level: 1.99747 The GBPAUD Elliott Wave Analysis for the 4-hour chart presents insights into potential price movements of the British Pound/Australian Dollar currency pair, employing Elliott Wave principles within technical analysis. Defined as a "Counter Trend" scenario, the analysis suggests that the current market direction contradicts the broader trend, indicating a corrective phase or reversal from the prevailing price movement. Characterized as "Corrective" in mode, the analysis indicates that the current price action is part of a corrective wave pattern rather than a impulsive move in the direction of the primary trend. The "STRUCTURE" is identified as "Blue wave C," implying that the market is currently within the C wave of a corrective pattern, typically denoting the final leg of a corrective structure. Positioned as "Black wave 2," the analysis indicates the current wave count within the larger Elliott Wave cycle, providing insights into potential reversal levels or corrective targets. The "DIRECTION NEXT LOWER DEGREES" is stated as "Black wave 3," suggesting the anticipated direction for the subsequent lower-degree wave. This implies that once the current corrective phase completes, the market may resume its downward movement in the larger Elliott Wave cycle. In the "DETAILS" section, it is mentioned that "blue wave B of 2 looking completed and blue wave C of 2 is in play." This suggests that the corrective phase has likely ended, and the market is now poised for a reversal or continuation of the larger trend. The "Wave Cancel invalid level" is specified as 1.99747, serving as a critical threshold. A breach beyond this level would invalidate the current wave count, necessitating a reassessment of the analysis. In summary, the GBPAUD Elliott Wave Analysis for the 4-hour chart provides traders with valuable insights into potential price movements, corrective phases, and critical levels to monitor for trading opportunities within the broader Elliott Wave structure. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! span widget

Elliott Wave Analysis TradingLounge Daily Chart, AAVE/ U.S. dollar(AAVEUSD) AAVEUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Zigzag Position: Wave C Direction Next higher Degrees: Wave ((2)) of Impulse Wave Cancel invalid Level: 81.238 Details: Wave ((2)) maybe is complete and the price increase in wave ((3)) AAVE/ U.S. dollar(AAVEUSD)Trading Strategy: Overall AAVE is moving in an uptrend with the Impulse pattern entering its third wave. We are currently recovering in the short term from the second wave correction. And the price will rise again during the third wave. Consider the opportunity for bullish trading. AAVE/ U.S. dollar(AAVEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, AAVE/ U.S. dollar(AAVEUSD) AAVEUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Zigzag Position: Wave C Direction Next higher Degrees: Wave ((2)) of Impulse Wave Cancel invalid Level: 81.238 Details: Wave ((2)) maybe is complete and the price increase in wave ((3)) AAVE/ U.S. dollar(AAVEUSD)Trading Strategy: Overall AAVE is moving in an uptrend with the Impulse pattern entering its third wave. We are currently recovering in the short term from the second wave correction. And the price will rise again during the third wave. Consider the opportunity for bullish trading. AAVE/ U.S. dollar(AAVEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum. Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here!

Unlocking ASX Trading Success: REA GROUP LTD – REA Stock Analysis & Elliott Wave Technical Forecast ASX: REA GROUP LTD – REA Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with REA GROUP LTD – REA shares. We determined that REA could continue to push higher with the Impulse wave. ASX: REA GROUP LTD – REA Elliott Wave Technical Analysis ASX: REA GROUP LTD – REA 1D Chart (Semilog Scale) Analysis Function: Major trend (Minor degree, red) Mode: Motive Structure: Impulse Position: Wave 3-red of Wave (5)-blue Details: The short-term outlook suggests that wave (5)-blue is unfolding and may continue to push higher. This view will be reaffirmed if the price accelerates convincingly above the high at 194.81. If this scenario plays out, wave 3-red is expected to return and push even higher. And the low at 174.95 can act as a potential Stop level. Invalidation point: 140.50 ASX: REA GROUP LTD – REA Elliott Wave Technical Analysis TradingLounge (4- Hour Chart) ASX: REA GROUP LTD – REA Elliott Wave Technical Analysis ASX: REA GROUP LTD – REA 4-Hour Chart Analysis Function: Major trend (Minor degree, red) Mode: Motive Structure: Impulse wave Position: Wave (ii)-purple of Wave 3-red Details: Further short-term outlook suggests that wave 2-red may have concluded, and wave 3-red is now unfolding to push higher. At a smaller degree, wave (i)-purple has peaked, and wave (ii)-purple may be underway to pull back lower and will find support around 180.64, followed by wave (iii)-purple resuming the upward momentum. Invalidation point: 174.95 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: REA GROUP LTD – REA aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends. Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).

JPM Elliott Wave Analysis Trading Lounge Daily Chart JP Morgan Chase & Co., (JPM) Daily Chart JPM Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave 3 of (3). DIRECTION: Upside in wave 3. DETAILS: We are looking at a 1-2-1-2 from the 100$ lows, which seems to be confirmed by the steepness of the upside into what is now wave 3. Alternatively we had a flat correction in wave (2) and it ends where Minor wave 2 currently is. JPM Elliott Wave Analysis Trading Lounge 4Hr Chart JP Morgan Chase & Co., (JPM) 4Hr Chart JPM Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minute wave {iii} DIRECTION: Looking for upside in wave (v). DETAILS: We are targeting TL2 at 200$ as a wave {iii} target, the increasing volume could suggest sellers are entering the market, looking for 200$ to be reached first. Welcome to our JPM Elliott Wave Analysis Trading Lounge, your go-to source for insights into JP Morgan Chase & Co. (JPM) using Elliott Wave Technical Analysis. Let's dive into the market dynamics as of the Daily Chart on 21st March 2024. * UNH Elliott Wave Technical Analysis – Daily Chart* Our analysis indicates a trending function characterized by impulsive mode and motive structure, positioned in Wave 3 of (3). The direction points to upside momentum in wave 3. We observe a potential 1-2-1-2 pattern originating from the $100 lows, supported by the steepness of the upside movement into the current wave 3. Alternatively, we consider the possibility of a flat correction in wave (2), ending at the level of Minor wave 2. * UNH Elliott Wave Technical Analysis – 4Hr Chart* Here, we identify a trending function marked by impulsive mode and motive structure, positioned in Minute wave {iii}. The direction suggests anticipation of upside movement in wave (v). We set our sights on TL2 at $200 as the target for wave {iii}, with increasing volume indicating potential seller activity entering the market. We anticipate the $200 level to be reached first before assessing further market developments. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here!

Cocoa Elliott Wave Analysis Function - Trend Mode - Impulsive Structure - Impulse Wave Position - Blue wave v of 5 of (C) Direction - Upwards as Blue wave v of 5 of (C) progresses Details - Wave (iv) retracement completed at the top of the reversal zone we marked. Wave (v) could be heading for 9000. Corn is about to make a new all-time high for the fourth time this year. In 2023, it closed with a massive 62% gain. However, this year, it has almost doubled in price since 1st January and we are still in March. It’s one of the best-performing financial instruments in the last 1 year. It broke above $8,000 early in the week and now could be heading to $9,000 after it completely recovers from the 18-19 March minor dip. But how far further upside could it go? Will there be a big pullback soon? How can traders take advantage of this big bullish trend? This technical analysis provides clues from the Elliott wave theory. In the long term, the bullish trend didn’t start in 2023. It started properly in 2001 when the commodity barely traded at $709. Before the bullish trend was a multi-year decline. We will dwell more on when the trend started. In the last 22-23 years of this trend, the commodity only had major pullbacks in 2003 extended to 2004/05 before the trend continued for the next four years. Another pullback started in 2011 and lasted till 2017 before the currency phase of the bullish trend. From 2017, by projection, Cocoa could hit the 100% extension ($9,500) of the rally between 2001-to-2011 from the end of the pullback in 2017. On the daily chart, an Elliott wave analysis of the trend from September 2022 suggests we are in the last wave i.e. wave 5 of (C). Meanwhile, the sub-wave ‘v’ (in blue) of 5 is not yet completed and could hit $9,500. This is going to be the next target for Cocoa in both the medium and short term. On the H4, blue wave ‘v’ (circled) has completed its sub-wave (iv). Wave (v) has emerged and should break above $8510 high toward the 9500 target and even the $10,000 major level. Will there be a bigger pullback from there or the trend will extend higher? The price action afterwards will tell. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here!

AUDUSD Elliott Wave Analysis Trading Lounge Day Chart, 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 0.64780 . Now sub waves of red wave 3 of 1 is in play .Wave Cancel invalid level: 0.65031 The AUD/USD Elliott Wave Analysis for the day chart provides insights into potential price movements of the Australian Dollar/U.S. Dollar currency pair based on Elliott Wave principles within technical analysis. Identified as a "Trend" scenario, the analysis suggests that the current market direction aligns with the broader trend, indicating a potential continuation of the prevailing price movement. Described as "Impulsive" in mode, the analysis indicates that the current price action exhibits strong and directional movement, signaling significant momentum in the market. The "STRUCTURE" is labeled as "red wave 3," implying that the market is currently within the third wave of a larger Elliott Wave cycle. This suggests that the current price movement is part of a strong and sustained uptrend in the market. Positioned as "blue wave 1," the analysis indicates that the current wave count is within a higher-degree Elliott Wave cycle, providing insights into potential price targets and trend continuation levels. The "DIRECTION NEXT LOWER DEGREES" is identified as "red wave 4," suggesting the anticipated direction for the subsequent lower-degree wave. This implies that after the completion of the current wave, the market may experience a corrective phase before potentially resuming its upward movement. In the "DETAILS" section, it is mentioned that "red wave 2 looking completed at 0.64780. Now subwaves of red wave 3 of 1 are in play." This suggests that the corrective phase has likely ended, and the market is now poised to continue its upward movement within the current wave. The "Wave Cancel invalid level" is specified as 0.65031, serving as a critical threshold. A breach beyond this level would invalidate the current wave count, necessitating a reassessment of the analysis. In summary, the AUD/USD Elliott Wave Analysis for the day chart offers traders valuable insights into potential price movements, trend continuation phases, and critical levels to monitor for trading opportunities. AUDUSD Elliott Wave Analysis Trading Lounge 4 Hour Chart, Australian Dollar/U.S.Dollar(AUDUSD) 4 Hour Chart AUDUSD 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 looking completed at 0.65031 . Now black wave 3 of 3 is in play .Wave Cancel invalid level: 0.65031 The AUD/USD Elliott Wave Analysis for the 4-hour chart provides a comprehensive insight into the potential price movements of the Australian Dollar/U.S. Dollar currency pair based on Elliott Wave principles within technical analysis. Identified as a "Trend" scenario, the analysis suggests that the prevailing direction of the market is in alignment with the broader trend, indicating a potential continuation of the current price movement. Described as "Impulsive" in mode, the analysis indicates that the current price action is characterized by strong and directional movement, suggesting a significant momentum in the market. The "STRUCTURE" is labeled as "black wave 3," indicating that the market is currently in the third wave of a larger Elliott Wave cycle. This suggests that the current price movement is part of a strong and sustained trend in the market. Positioned as "red wave 3," the analysis suggests that the current wave count is within a lower-degree Elliott Wave cycle, providing insights into potential price targets and trend continuation levels. The "DIRECTION NEXT LOWER DEGREES" is identified as "black wave 4," indicating the expected direction for the subsequent lower-degree wave. This implies that once the current wave completes, the market may experience a corrective phase before potentially resuming its upward movement. In the "DETAILS" section, it is mentioned that "black wave 2 looking completed at 0.65031. Now black wave 3 of 3 is in play." This suggests that the corrective phase has likely ended, and the market is now poised to continue its movement in the direction of the broader trend. The "Wave Cancel invalid level" is specified as 0.65031, serving as a critical threshold. A breach beyond this level would invalidate the current wave count, necessitating a reassessment of the analysis. In summary, the AUD/USD Elliott Wave Analysis for the 4-hour chart provides traders with valuable insights into potential price movements, trend continuation phases, and critical levels to monitor for trading opportunities.