Elliott Wave Analysis TradingLounge Daily Chart,AAVE/ U.S. dollar(AAVEUSD)AAVEUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave (2)Direction Next higher Degrees: Wave III of ImpulseWave Cancel invalid Level: 81.238Details:: Wave (II) is likely to have ended and prices are resuming the uptrend.AAVE/ U.S. dollar(AAVEUSD)Trading Strategy:Overall, the correction seems to be coming to an end. Look for an opportunity to join the uptrend from a short-term correction within.AAVE/ U.S. dollar(AAVEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.
Elliott Wave Analysis TradingLounge H4 Chart,AAVE/ U.S. dollar(AAVEUSD)AAVEUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave (2)Direction Next higher Degrees: Wave III of ImpulseWave Cancel invalid Level: 81.238Details:: Wave (II) is likely to have ended and prices are resuming the uptrend.AAVE/ U.S. dollar(AAVEUSD)Trading Strategy: overall is still in the period of correction. In the position of wave (II) with a double corrective pattern, the view is therefore for a short-term pullback before rising again in wave (III), waiting for the correction to complete to rejoin the uptrend.AAVE/ U.S. dollar(AAVEUSD))Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.
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