Swiss Market Index Elliott Wave Technical Analysis

Swiss Market Index Elliott Wave Analysis Trading Lounge Day Chart
Swiss Market Index Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Gray wave 3
POSITION: Orange wave 3
DIRECTION NEXT LOWER DEGREES: Gray wave 4
DETAILS: The completion of gray wave 2 within orange wave 3 suggests that gray wave 3 is now in progress.
Wave Cancel Invalid Level: 11913.57
The structure being analyzed is gray wave 3, which falls within the larger orange wave 3. This configuration indicates a strong upward movement, characterized by impulsive price actions.
The analysis points out that gray wave 2 of orange wave 3 has likely reached completion. This indicates that the corrective phase marked by gray wave 2 has concluded, and the market is now moving into the more dynamic gray wave 3, still within the overarching orange wave 3. This transition suggests a continuation of the upward trend, with expectations of increased market momentum.
Swiss Market Index Elliott Wave Analysis Trading Lounge Weekly Chart
Swiss Market Index Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Orange wave 3
POSITION: Navy blue wave 3
DIRECTION NEXT LOWER DEGREES: Orange wave 4
DETAILS: The completion of orange wave 2 within orange wave 3 suggests that orange wave 3 is currently active.
Wave Cancel Invalid Level: 11083.51
The current structure is identified as orange wave 3, which is situated within the larger navy blue wave 3. This analysis indicates a strong upward momentum in the market, characterized by significant price movements.
The technical analysis suggests that orange wave 2 of orange wave 3 has been completed. This completion indicates that the corrective phase marked by orange wave 2 has concluded, and the market is transitioning into the more dynamic orange wave 3, still within the broader navy blue wave 3. This transition signifies a continuation of the upward trend, with expectations of increased market activity and potential price gains.
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Special Trial Offer - "Buy 1, Get 3 Months" Click here tradinglounge.com/341
TradingLounge.com Services:
Elliott Wave Analysis
- INDICES - SECTORS - STOCKS - COMMODITIES - CRYPTOCURRENCIES - CURRENCIES
Video Updates:
- Indices: Daily updates on US close, covering S&P 500, NASDAQ 100, Russell 2000, DAX 40, FTSE 100, ASX200. Analyst: Peter Mathers
- US Tech Stocks: Daily updates on US close, covering AAPL, AMZN, NVDA, META, NFLX, GOOGL, MSFT, TSLA. Analyst: Peter Mathers
- Commodities: Daily updates covering Bitcoin, Dollar, Yields, Bonds, Precious and Base Metals, Energy. Analyst: Peter Mathers
Charts:
- US Sectors ETFs: Weekly and daily charts. Analyst: Peter Mathers
- 50 US Stocks charts, updated weekly. Analyst: Alessio Barreta
- 50 ASX Stocks charts, updated weekly. Analyst: Shane Hua (CEWA-M)
- Cryptocurrencies: Daily and 4-hour charts Analyst: Kittiampon Samboonsod (CEWA)
- Currencies: Daily and 4-hour charts Analyst: Malik Awais
- Commodities: Charts covering Softs, Grains, Energy, Precious and Base Metals. Analyst: Sanmi
- 20 Global Indices: Weekly and daily charts update. Analyst: Malik Awais
Additional Services:
- Trading Recommendations: Portfolios - StockCheck, CryptoCheck, ForexCheck, CommodityCheck
- Chat Lounge: Access to TradingLounge Analysts, chat with other traders, upload charts and videos
- Elliott Wave Algorithm: Automatic Elliott Wave counting tool
- Elliott Wave AI: Offers Elliott Wave analysis for our AI modeling
- Software Tools: TradingLevels, Screeners, Portfolios, Charting etc.
Special Trial Offer - "Buy 1, Get 3 Months" Click here tradinglounge.com/341