Swiss Market Index Elliott Wave technical analysis [Video]

The post Swiss Market Index Elliott Wave technical analysis [Video] appeared on BitcoinEthereumNews.com. Swiss Market Index Elliott Wave Analysis Trading Lounge Day Chart. Swiss Market Index Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Gray wave 1. Position: Orange wave 3. Direction next lower degrees: Gray wave 2. Details: Gray wave 1 of orange wave 3 is in play. Wave cancel invalid level: 11130.21. The Swiss Market Index Elliott Wave Analysis on the day chart offers insights into the market’s trend using the Elliott Wave Principle. The analysis categorizes the current function as a trend, indicating that the price movements are aligned with the prevailing market direction. The mode is impulsive, suggesting that the market is in a strong, directional phase rather than experiencing a corrective or sideways movement. The wave structure currently under observation is gray wave 1, which is part of a larger sequence identified as orange wave 3. This implies that the market is in the early stages of a significant upward movement, with gray wave 1 representing the initial phase of this advance. The position of the market within these waves is critical for understanding its future direction. Currently, gray wave 1 of orange wave 3 is actively developing. This stage is essential as it sets the foundation for subsequent waves, indicating the market’s potential for continued upward momentum. The direction for the next lower degrees, which will follow, is gray wave 2. This suggests that after the completion of gray wave 1, a corrective phase will ensue before the market resumes its upward trend in orange wave 3. An important detail in this analysis is the invalidation level set at 11130.21. This level is crucial for traders and analysts as it acts as a threshold for the validity of the current wave count. If the market price drops to or below this level, the existing Elliott Wave structure would be invalidated, necessitating a reassessment of the wave patterns and potential adjustments in trading strategies. In summary, the…

May 29, 2024 - 12:00
 0  3
Swiss Market Index Elliott Wave technical analysis [Video]

The post Swiss Market Index Elliott Wave technical analysis [Video] appeared on BitcoinEthereumNews.com.

Swiss Market Index Elliott Wave Analysis Trading Lounge Day Chart. Swiss Market Index Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Gray wave 1. Position: Orange wave 3. Direction next lower degrees: Gray wave 2. Details: Gray wave 1 of orange wave 3 is in play. Wave cancel invalid level: 11130.21. The Swiss Market Index Elliott Wave Analysis on the day chart offers insights into the market’s trend using the Elliott Wave Principle. The analysis categorizes the current function as a trend, indicating that the price movements are aligned with the prevailing market direction. The mode is impulsive, suggesting that the market is in a strong, directional phase rather than experiencing a corrective or sideways movement. The wave structure currently under observation is gray wave 1, which is part of a larger sequence identified as orange wave 3. This implies that the market is in the early stages of a significant upward movement, with gray wave 1 representing the initial phase of this advance. The position of the market within these waves is critical for understanding its future direction. Currently, gray wave 1 of orange wave 3 is actively developing. This stage is essential as it sets the foundation for subsequent waves, indicating the market’s potential for continued upward momentum. The direction for the next lower degrees, which will follow, is gray wave 2. This suggests that after the completion of gray wave 1, a corrective phase will ensue before the market resumes its upward trend in orange wave 3. An important detail in this analysis is the invalidation level set at 11130.21. This level is crucial for traders and analysts as it acts as a threshold for the validity of the current wave count. If the market price drops to or below this level, the existing Elliott Wave structure would be invalidated, necessitating a reassessment of the wave patterns and potential adjustments in trading strategies. In summary, the…

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