Image Source: PexelsElliott Wave Analysis TradingLounge Daily ChartTRON/ U.S. dollar(TRXUSD)TRXUSD Elliott Wave Technical AnalysisFunction: Counter trend Mode: CorrectiveStructure: TrianglePosition: Wave ((D))Direction Next higher Degrees: wave IV of ImpulseWave Cancel invalid Level:Details: Movement within the Triangle pattern.TRON/ U.S. dollar(TRXUSD)Trading Strategy:
The movement within the Fourth Wave Triangle pattern continues. We still lack two more moves to complete the pattern; so wait for the correction to complete before rejoining the trend.TRON/ U.S. dollar(TRXUSD)Technical Indicators:
The price is above the MA200 indicating an Uptrend. The Wave Oscillator is a Bearish Momentum.
Elliott Wave Analysis TradingLounge H4 ChartTRON/ U.S. dollar(TRXUSD)TRXUSD Elliott Wave Technical AnalysisFunction: Counter trendMode: CorrectiveStructure: TrianglePosition: Wave ((D))Direction Next higher Degrees: wave IV of ImpulseWave Cancel invalid Level: Details: Movement within the Triangle pattern.TRON/ U.S. dollar(TRXUSD)Trading Strategy:
The movement within the Fourth Wave Triangle pattern continues. We still lack two more moves to complete the pattern; so wait for the correction to complete before rejoining the trend.TRON/ U.S. dollar(TRXUSD)Technical Indicators:
The price is above the MA200 indicating an Uptrend. The Wave Oscillator is a Bearish Momentum. Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.com
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