Archive by tag: ElliottReturn
In summary, the Elliott Wave analysis of Soybeans Commodities charts indicates a persistent bearish trend, characterized by impulsive downward movements. The market structure suggests ongoing progression within a larger corrective wave pattern, with current positioning in black wave 5 of a higher degree red wave (3). Both daily and short-term analyses support the expectation of further downside momentum, with caution advised for traders to sell into bounces and await confirmation of a substantia...
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Unlock insights into the NZDUSD currency pair with our expert Elliott Wave analysis. Our detailed breakdown covers both daily and 4-hour charts, highlighting prevailing trends, impulsive waves, and critical levels. Stay informed and make strategic trading decisions with our comprehensive analysis tailored for February 26.
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In this Elliott Wave analysis and trading strategy overview for AAVE/USD (AAVEUSD) on February 26, we explore the corrective phase within the Zigzag pattern. Positioned at Wave ((B)), the market is poised for a temporary pullback before potentially resuming the uptrend. Traders are advised to exercise caution and monitor key technical indicators like the MA200 and Wave Oscillator for strategic entries and exits. By understanding the corrective nature of the current movement, traders can navigate...
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This article offers a detailed Elliott Wave analysis of the NASDAQ stock market, focusing on key tech stocks such as NASDAQ 100, Apple, Tesla, Amazon, Nvidia, Microsoft, Meta Platforms, Netflix, and Alphabet. The analysis identifies a soft close on Friday that aligns with Wave i)'s peak, suggesting a decrease in short-term momentum and the formation of Wave (c) of ii). This development signals a critical juncture for traders to prepare for the next long trade setup across indices and the hig...
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Join us at the COST Elliott Wave Trading Lounge for our in-depth analysis of Costco Wholesale Corp. (COST) dated February 23, 2024, utilizing Elliott Wave Technical Analysis. Our examination of both daily and 4-hour charts reveals an impulsive mode with a motive structure, suggesting potential upward momentum. We identify the current position within minor and major waves, projecting further movement towards significant levels.
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The Elliott Wave analysis of Wheat on February 23, 2024, reveals a corrective counter-trend movement within a Zigzag pattern, with Blue wave 'b' of black wave Y nearing completion. Despite recent bounces, the broader outlook remains bearish, tracing back to March 2022. Analysis across daily and H4 timeframes suggests a potential bottoming out but anticipates further downside towards significant support levels. Traders can utilize confirmation and invalidation levels to refine their tradi...
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Expert Elliott Wave analysis provides valuable insights into trading strategies for the USD/CAD currency pair, helping traders navigate market trends and optimize their decisions.
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This post provides detailed Elliott Wave analysis for Ethereum against the US dollar (ETHUSD), focusing on both daily and 4-hour charts. It discusses the current Impulse structures, identifies key waves within the patterns, and highlights bullish momentum indicators. Traders will gain insights into Ethereum's uptrend and potential trading strategies.
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In summary, the Elliott Wave analysis of JPM underscores a prevailing bullish sentiment, with both daily and 4-hour charts indicating upward momentum. Traders should closely monitor the evolving dynamics, particularly the RSI divergence on the daily chart and the critical support level at $172 on the 4-hour chart.
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In the realm of iron ore trading, as of February 22, 2024, Elliott Wave analysis reveals a potential bullish resurgence amid corrective patterns. The current market phase is characterized by a counter-trend function, with a corrective zigzag structure denoted as the black wave 4 within the higher degree red wave (5). Traders anticipate the initiation of the pivotal black wave 5, poised to propel prices towards the coveted 150 mark. Key support at 115.25 plays a critical role in reinforcing bulli...
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