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Elliott Wave Technical Analysis: Ripple Crypto Price News For Thursday, Sept 19

Elliott Wave Technical Analysis: Ripple Crypto Price News For Thursday, Sept 19

Image by WorldSpectrum from Pixabay  Elliott Wave Analysis TradingLounge Daily ChartRipple / U.S. dollar(XRPUSD)XRPUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave IIIDirection Next higher Degrees: wave I of ImpulseWave Cancel invalid level: Details: the five-wave Increase of wave IIIRipple / U.S. dollar(XRPUSD)Trading Strategy: It looks like the wave (2) correction is complete and the price is still likely to move […]
Hercules Kilowatt

Hercules Kilowatt

Image Source: PixabayI’ve never been so wrong about a pattern as I was about the Dow Utilities earlier this year. This diamond was straight out of Technical Analysis 101. It was beautiful.Little did I know that the market would swallow, hook, line, and sinker, the notion that the greatest AI trade out there was electrical companies. But 2024 is the year of the Utilities……….More […]
Elliott Wave View On EURJPY Expects Rally To Fail

Elliott Wave View On EURJPY Expects Rally To Fail

Image Source: PixabayShort term Elliott Wave view on EURJPY suggests cycle from 8.16.2024 high ended at 155.14 as wave A. Internal subdivision of wave A unfolded as 5 waves impulse. Down from 8.16.2024 high, wave ((i)) ended at 160 and wave ((ii)) rally ended at 162.89. Wave ((iii)) lower ended at 155.446 and rally in wave ((iv)) […]
EURUSD Faces Resistance: What’s Next For The Pair?

EURUSD Faces Resistance: What’s Next For The Pair?

Image Source: PixabayThe EURUSD pair has encountered a roadblock, failing to breach the 1.1201 resistance level and subsequently retreating from 1.1188 to 1.1068. This recent pullback is likely a correction within the broader uptrend that began at 1.1001.Despite this setback, the pair may be gearing up for another attempt at the 1.1201 resistance once the current […]
Gold Price Regains Positive Traction Amid A Modest USD Pullback From One-Week High

Gold Price Regains Positive Traction Amid A Modest USD Pullback From One-Week High

Image Source: Pixabay Gold price attracts fresh buyers on Wednesday amid a modest USD pullback from a one-week peak. Concerns about an economic slowdown, along with geopolitical risks, lend support to the commodity. A further recovery in the US bond yields could underpin the USD and cap the non-yielding metal. Gold price (XAU/USD) attracts some dip-buying […]
WTI Rises To Near $69.50, Upside Seems Limited Due To Subdued Response After Fed Decision

WTI Rises To Near $69.50, Upside Seems Limited Due To Subdued Response After Fed Decision

Image Source: Pixabay WTI price gains ground but the overall market response has been relatively muted following the Fed rate cut. The Federal Open Market Committee reduced the federal funds rate to a range of 4.75% to 5.0%. US Crude Oil Stocks Change decreased by 1.63 million barrels the previous week, far exceeding the expected draw […]
Key Silver Levels You Need To Know

Key Silver Levels You Need To Know

Image Source: PixabaySilver is Bullish and the key resistance levels are $32 and $35. Don’t expect $50 to come into play until the second half of 2025.Video Length: 00:09:15More By This Author:Gold And Silver Explode, Miners And Juniors SoarNext Leg Higher Starting In Gold & Gold Stocks Gold & Gold Stock Fundamentals Will Be Strongest In […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Sept 18

Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Sept 18

Image Source: PixabayThe FED delivered a 50 bps cut today, which initially got a swift but extremely short-lived drop before the algorithms jumped in. Today’s trading activity did put some clarity towards which of the EW choices the markets are taking. I have adjusted the labeling to reflect my preferred choice after today. I also review […]
Asia Morning Bites For Thursday, Sept 19

Asia Morning Bites For Thursday, Sept 19

Image Source: UnsplashGlobal Macro and Markets   Global Markets: After all the anticipation, the Fed did not disappoint, and delivered the 50bp cuts the markets had been pushing for. The market reaction was fairly muted, which is probably a good indication that the cuts were neither too excessive to needlessly juice risk assets nor too little to […]
This Bear Trap Could Make Us A Fortune After FOMC

This Bear Trap Could Make Us A Fortune After FOMC

Image Source: Pixabay FOMC is out, and the Rate Cut is in!  Markets were wild after FOMC cut rates this afternoon…But hidden inside that messy price-action is (1) obvious clue, telling us this BEAR TRAP could be our biggest win of the week!In fact, I have (3) trades I’m watching for Thursday – check this out! […]