ASX: SOUTH32 LIMITED – S32 Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) SOUTH32 LIMITED – S32. We see S32 continuing to push lower with (Y)-orange wave.ASX: SOUTH32 LIMITED – S32 Elliott Wave Technical Analysis  ASX: SOUTH32 LIMITED – S32 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minor degree, gray)  Mode: Motive  Structure: Impulse  Position: Wave ((v))-navy of Wave A-grey  Details: Wave ((iv))-navy appears to have completed as an Expanded Flat at the 3.17 high. And wave ((v))-navy could be unfolding to push lower, targeting the 2.79 low. While price must remain below the 3.17 high to maintain this view.  Invalidation point: 3.17ASX: SOUTH32 LIMITED – S32 Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)ASX: SOUTH32 LIMITED – S32 Elliott Wave Technical Analysis ASX: SOUTH32 LIMITED – S32 4-Hour Chart AnalysisFunction: Major Trend (Minute degree, navy)  Mode: Motive   Structure: Impulse  Position: Wave (i)-orange of Wave ((v))-navy Details: Wave ((v))-navy is unfolding to push lower, it is subdividing into wave (i)-orange, and it will probably end soon, then wave (ii)-orange will unfold to push a bit higher, and finally wave (iii)-orange will return to push lower, aiming for targets at the 2.79 low. Invalidation point: 3.17Conclusion:Our analysis, forecast of contextual trends, and short-term outlook for ASX: SOUTH32 LIMITED – S32 aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends.Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).Source : Tradinglounge.com get […]

Image Source: Pixabay Global Macro and Markets   Global Markets: Bonds had another good day yesterday as the risk-off sentiment continued. Yields moved lower overnight, with the US 2Y yields down 10.9bp to 3.75%, and the 10Y yield down 7.6bp to 3.75%. Yields in Europe also moved lower, with German 10Y yields down 5.3bp to 2.22%, French […]

Image Source: PixabayTonight, I split the counts between the NQ and ES – showing the Minor 4 breakdown on the NQ and the Minor 5 breakdown on the ES. And to be honest I’m leaning towards the Minor 4th wave scenarios to play out in both markets. In the NQ then, I update the labeling to […]

Image Source: DepositPhotos  An IntroductionThe AI-powered drug discovery process is expected to grow by a compound annual growth rate of 30% between now and 2030 and that, according to Morgan Stanley, should result in as many as 50 novel therapies being brought to market by then and generate annual sales in excess of $50B. The AI-focused […]

Key Takeaways Robinhood’s settlement with California requires ongoing crypto withdrawals. The $3.9M settlement addresses past custody and disclosure issues. Share this article California Attorney General Rob Bonta announced a $3.9 million settlement with Robinhood Crypto LLC for violating state commodities law by prohibiting customers from withdrawing crypto from their accounts between 2018 and 2022.The settlement […]