Archive by author: PeterMReturn
Nestled in the cozy nooks of the Blue Mountains, I share my digs with Marcia (the chief of home affairs) and Minke (our fur-baby with a penchant for tail-wagging). Ah, the markets! I've been rubbing elbows with them since the 80s – neon leg warmers, mullets, and all. Now, while some folks love puzzles or sudoku, I'm more about deciphering the wild scribbles of the financial market. For me, they’re like windows to the zany dance of the world. Plus, they let me pretend I'm a detective, trying to crack the code of ever-shifting market patterns. Building TradingLounge? Think of it as my arts and crafts project – it’s the cherry on top of my market sundae, and boy, is it a delicious venture! 🍒📈🤣
Explore the latest Elliott Wave analysis update for commodity markets, covering Bitcoin, DXY, Gold, Silver, Iron Ore, Copper, Uranium, Oil, and Gas. Gain valuable insights into potential price movements, including Bitcoin's potential breakout above 43,500 and its impact on other cryptocurrencies like DOT and AVE. Navigate the complexities of the Dollar's trajectory, influencing FX pairs and metals, and anticipate downward pressure on gold and silver amidst Dollar strength. Stay informed ...
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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)
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Tech stocks currently undergoing an ABC Zigzag correction pattern, impacting Nasdaq 100, S&P 500, and Dax. Anticipated completion within one to two sessions opens potential for long trade opportunities. Earnings reports from META and key economic events signal a smoother week ahead for bulls post-ADP figures and FOMC outcomes.
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Summary: Bitcoin, DOT, and XRP show upward trends in the crypto market, prompting consideration of long positions in the Elliott wave abc corrective retracement. In the Forex market, USD DXY maintains a high position, while CAD and CHF hint at potential downsides. Precious Metals indicate a bullish trend for silver and strategic entry points during retracement for gold. Base Metals, including copper and Iron Ore, suggest upward impulses and corrective patterns, with a focus on identifying long t...
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Explore the latest Commodities Market Technical Analysis, focusing on Bitcoin's potential ascent within Wave B towards the 62% Fibonacci retracement level. Despite stable USD and Crude momentum, there's anticipation of a USD/DXY climb. Intriguingly, USDCHF signals a possible downturn, hinting at DXY decline. Precious metals, gold, and silver showcase modest impulse waves, hinting at potential upward movements in the near future. Stay informed about market trends and potential opportuniti...
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In this Stock Market Report covering S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, and ASX 200, Elliott Wave Analysis indicates that the market is approaching the completion of Elliott Wave iv). The analysis identifies distinctive patterns involving leaders and followers. Strategic long trades are recommended based on identifying new highs and leveraging Classic Trading Levels Patterns (CTLP). The strength of Friday's closing is highlighted as pivotal, with a robust closure encouragin...
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The Commodities Market is on the verge of change as the USD DXY undergoes an Elliott Wave ABC correction, particularly in Wave iv of (v) of c) of 2. After the dollar's rally concludes, there's an opportunity for long trades in gold, silver, and currencies as the dollar is expected to decline. In Bitcoin, a downward move to the next support level at 38,000 prompts consideration of alternative wave counts for a comprehensive analysis.
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Following a robust Friday close, a positive momentum is anticipated for Monday's market. Several stocks are approaching significant price thresholds, suggesting potential stalls at medium and major levels. Consistent with last week's observation, the stock market appears poised for continued upward movement in the coming months.
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Stock Market Report S&P 500 - NASDAQ 100 - RUSSELL 2000 - DAX 40 - FTSE 100 - ASX 200. Elliott Wave Analysis
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The Commodities Market Trading Report provides a technical analysis using Elliott Wave, trading levels, and strategies for various commodities, including Bitcoin, US Bond Yields, USD, DXY, US Gold XAU, GDX, Silver XAG, Gold Stocks, Iron Ore, Copper, Uranium, Crude Oil, and Natural Gas. The report suggests that Bitcoin is currently in a downward impulsive move, anticipating a corrective rally followed by another leg lower, potentially reaching 39-38K. The three-wave move down could be an ABC corr...
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