UNIUSD Elliott Wave Analysis – TradingLounge Daily Chart
UNI/USD (UNIUSD) Daily Chart Analysis
UNIUSD Elliott Wave Technical Analysis
Function: Trend following
Mode: Motive
Structure: Impulse
Current Position: Wave 3
Next Directional Bias: Higher-degree bullish wave
Invalidation Level: N/A
UNI/USD Daily Trading Strategy – Elliott Wave Outlook
UNI/USD has ended a multi-month corrective phase and is now transitioning into a strong bullish trend, supported by a clear Elliott Wave 1-2 pattern completion. Currently, Wave 3 is unfolding with increasing momentum. The low near 4.550 likely marks the end of a major Zigzag correction, laying the groundwork for a sustained upward impulse.
Trading Strategies
Approach – For Swing Traders (Short-Term):
Enter positions during consolidation phases using price action setups within the defined range.
Risk Management Tip:
A sustained move below the $5.00 support level would suggest the corrective structure may not be fully complete, signaling caution.
UNIUSD Elliott Wave Analysis – TradingLounge H4 Chart
UNI/USD (UNIUSD) H4 Chart Analysis
UNIUSD Elliott Wave Technical Analysis
Function: Trend following
Mode: Motive
Structure: Impulse
Current Position: Wave 3
Next Directional Bias: Higher-degree bullish wave
Invalidation Level: N/A
UNI/USD H4 Trading Strategy – Elliott Wave Forecast
On the H4 chart, UNI/USD is gaining bullish traction after concluding a prolonged correction. The 1-2 wave sequence appears complete, giving rise to a powerful Wave 3 move. The 4.550 level likely marked the end of the Zigzag correction, with bullish price structure now becoming more evident.
Trading Strategies
Approach – For Swing Traders (Short-Term):
Monitor for consolidation and bullish setups within the price range to initiate entries.
Risk Control Consideration:
A drop below the $5.00 level may signal the return of bearish pressure, invalidating short-term bullish scenarios.
Technical Analyst: Kittiampon Somboonsod, CEWA
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