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Elliott Wave Technical Analysis: XRPUSD – Wednesday November 29

Elliott Wave Technical Analysis: XRPUSD – Wednesday November 29

Image Source: UpsplashElliott Wave Analysis TradingLounge Daily Chart, 29 November 23,XRP/ U.S. dollar(XRPUSD)XRPUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: TrianglePosition: Wave ((E))Direction Next higher Degrees: wave 4 of ImpulseWave Cancel invalid level:Details: The movement within a triangle patternXRP/ U.S. dollar(XRPUSD)Trading Strategy: Zigzag pattern correction, we have Wave A completed and prices developing in Wave B […]
Gold Miners ETF Should Continue To Extend Higher

Gold Miners ETF Should Continue To Extend Higher

Image Source: PixabayShort Term Elliott Wave in Gold Miners Junior (GDX) suggests rally from 11.10.2023 low is in progress as a 5 waves impulse. Up from 11.10.2023 low, wave ((i)) ended at 29.07 as the 1 hour chart below shows. Dips in wave (ii) unfolded as a zigzag Elliott Wave structure. Down from wave ((i)), wave (a) ended at […]
Home Prices, Consumer Data, Q3 Earnings & Goodbye To Charlie Munger

Home Prices, Consumer Data, Q3 Earnings & Goodbye To Charlie Munger

Image Source: UnsplashCase-Shiller home prices for September were released today, continuing the uptrend on the 20-city survey for now four straight months. A headline figure of +3.9% was right in-line with analyst forecasts, above a slightly downwardly revised +2.1% for August. Obviously, these are numbers somewhat removed from where we are today, but Case-Shiller data is seen as […]
Apple Has Reportedly Proposed To End Partnership With Goldman Sachs

Apple Has Reportedly Proposed To End Partnership With Goldman Sachs

Image Source: Unsplash Apple wants to unwind Goldman Sachs partnership in 12 to 15 months. Goldman Sachs is interested in pulling out of consumer banking. Apple stock has rallied about 15% over the past thirty days. Apple Inc (AAPL) is in focus in extended hours after it reportedly proposed to end its high-profile partnership with Goldman Sachs Group […]
Financial Markets Report For Tuesday, November 28

Financial Markets Report For Tuesday, November 28

Image Source: PexelsIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, November 28.Video Length: 00:10:45More By This Author:Metals Report For Tuesday, November 28SPDR ETF Report For Monday, November 27Financial Markets Report For Monday, November 27
This Pop & Pullback Could Be A Huge Payday

This Pop & Pullback Could Be A Huge Payday

Image Source: PexelsAmazing day today, let’s do it again!Markets are range-bound, and there’s one BIG CLUE telling us where the easy money will likely be tomorrow!Emini and Nasdaq are range-bound, so my plan is to keep buying low and selling high…But there’s one interesting clue on the Emini that tells us this *Pop and Pullback* might […]
WTI Holds Gains After API Reports First Crude Draw In 6 Weeks

WTI Holds Gains After API Reports First Crude Draw In 6 Weeks

Image Source: UnsplashOil prices rallied for the first time in five sessions as traders shrugged off early OPEC+ rumors to ramp back to last week’s highs.Which way the oil market breaks will largely depend on if OPEC+ can “show continued unity as a group and commitment to ‘ stable’ (or really ‘higher’) prices over the long run,” […]
Exploring The Sinewave: Unveiling Rhythms In Financial Instruments

Exploring The Sinewave: Unveiling Rhythms In Financial Instruments

Image Source: UnsplashNot that long ago, I never, and I mean never, bothered using the  sinewave tool on any chart. These days, I’m becoming increasingly intrigued by the financial instruments that seem to conform to some kind of steady rhythm, and it turns out that my favorite ETF, the utility symbol XLU, has an intriguing relationship with this as […]
Commodity Markets: Bitcoin, Bonds, DXY, Gold, Silver, Iron Ore, Copper, Uranium, Oil And Gas Elliott Wave

Commodity Markets: Bitcoin, Bonds, DXY, Gold, Silver, Iron Ore, Copper, Uranium, Oil And Gas Elliott Wave

Image Source: PexelsTradingLounge’s Commodity Market Update:Favorable trading opportunities persist in gold and silver; we maintain and expand our positions in these markets.Uranium shows upward movement in Wave 3, indicating a substantial bullish trend for long-term investment.Natural gas continues its downward trend, while crude oil prices face restraints due to Saudi Arabia’s strategy for higher prices.Our long […]
Metals Report For Tuesday, November 28

Metals Report For Tuesday, November 28

Image Source: UnsplashIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:08:05More By This Author:SPDR ETF Report For Monday, November 27Financial Markets Report For Monday, November 27Metals Report For Monday, November 27