Archive by tag: Wave AnalysisReturn
The Elliott Wave Analysis for USDJPY on the day chart, conducted on 24th July 2023, reveals a counter-trend corrective movement with a Zigzag structure. The analysis identifies Black Subwave 2 of Red wave 3, and the next lower degrees project a Black wave 3 of a larger Motive wave pattern. Traders are advised to monitor the completion of Subwave Wave "2" between Fibonacci levels 61.80 to 78.60. The analysis also highlights the potential for a stronger directional move with Black wave 3...
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Elliott Wave Analysis points towards an upward movement in major indices like the S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, and ASX 200, indicating potential long trade prospects. Traders are advised to stay vigilant as the current impulse wave concludes and a larger wave four correction takes shape.
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NASDAQ-listed stocks, including AAPL, TSLA, AMZN, NVDA, MSFT, Meta Platforms, NFLX, and GOOGL. The analysis employs Elliott Wave patterns to track corrective movements and assesses the potential for long trading opportunities. Despite corrective retracements, the S&P 500 and NASDAQ continue their upward trends with healthy market structures. As the corrections unfold, the report advises a long trading strategy and emphasizes the importance of prudent investment decisions.
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"Delve into our detailed Elliott Wave Analysis of the Stock Market, focusing on key indices including SP500, NASDAQ 100, Russell 2000, DAX 40, FTSE 100, ASX 200, DJI, and NIKKEI N225. The summary includes trading insights, like potential short-term tops and recommended position sizing strategies. Also featured is a video breakdown for each index, presented by renowned analyst Peter Mathers from TradingLoungeâ„¢. Source: tradinglounge.com"
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Stock Market Report: Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Meta Platforms, Netflix (NFLX), Alphabet GOOGL Elliott Wave Analysis
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