Your browser does not support JavaScript!

Welcome to our Elliott Wave Technical Analysis Blog!

The best front row seat for fantastic
Elliott Wave CFD trading tips & education

Latest US Stock posts

CFD Trades Current Update - LSE: 888, ASX: S32 Elliott Wave, 4 August 2017

LSE-ASX-Elliott-Wave...

CFD Trades Current Update
- LSE: 888, ASX: S32
Elliott Wave, 4 August 2017

 

Here are a couple of our current CFD Trades and some Elliott Wave and Trading Levels Analysis to go with them.

ASX: South 32 (S32)

ASX-S32-Elliott-Wave...

The Elliott Wave count here is Minor Wave 4 has completed and Minor Wave 5 is in progress. Wave 5 will have five smaller waves of Minute degree and Wave i) and ii) are completed and S32 is now in Wave iii). Our entry is at 2.63 quite early in the trend and we are using CFDs to trade long. (See Elliott Wave background HERE)

t should be pointed out that one of the benefits of using Elliott Wave is the correction, because once a correction is established (which is normally on lower volume compared the previous trend) and a correctional pattern (overlapping wave structures) is also a continuation pattern, so new highs will be made. Of course we also need to look at the underlying commodities for mining stocks, but we also know their Elliott Wave counts have higher to go, not as fast as they have been but creeping higher over time.

 

LSE: 888 Holdings plc (888) 

LSE-888-Elliott-Wave...

This is is a company which operates several high-profile gambling websites.
888 has had quite a clear Elliott Wave count https://tradinglounge.com/elliott-wave  and works well with the Trading Levels 

We have traded this market in its last up trend. The current long position is doing ok and I’m observing the internal wave structure in the move up to confirm it as correct or impulse wave, but for the time being the Trading Levels group2 is the target 65|72|80 that is 265|272|280 that create Group2
 

Trades updated daily!

Trial 2 weeks HERE


 

Related

Tags

STOCKS: UK, STOCKS: Australian, Risk Management

Categories

Trade Signals, Stocks, ASX Share CFD Trading

Share

You need to login in order to comment

 Get Your Trial
20 Days for $1

 

WHAT YOUR TRIAL INCLUDES
At TradingLounge we offer our Members access to all areas!

  • Our coverage means you get maximum flexibility in your trading options
  • Analysis + Trades updates every day
  • Elliott Wave specialists
  • Discretionary strategies to take away

Our huge range of markets include charts + videos for:

  • Indices – US, Asian + Euro
  • Commodities – Gold, Oil
  • Forex daily – Primary pairs + US Dollar Index
  • Cryptocurrencies - Bitcoin

Also included so your trading can really improve:

  • TradeCheck to check your own analysis or trades
  • Trading Education plus One-2-One Class
  • Phone + Email support
  •  
AddThis Sharing
AddThis Sharing
Archive
Text/HTML
What our clients say