Elliott Wave Analysis TradingLounge Daily Chart, 4 September 23,
Tron/U.S. dollar(TRXUSD)
TRXUSD Elliott Wave Technical Analysis
Function: Counter trend   
Mode: Corrective
Structure: Zigzag
Position: Wave ((B))
Direction Next higher Degrees: wave II of Impulse
Wave Cancel invalid Level: 0.045
Details:  a Short-term pull back of wave ((B)) before Lower in wave ((C))

Tron/U.S. dollar(TRXUSD)Trading Strategy: A fall from 0.0945 with a five-wave pattern is Important evidence that Shows a Downtrend, And a rise in three-wave from 0.07605 indicates downtrend is not complete. So Overview the price still a downtrend and this pullback may be short-term for continuing down

Tron/U.S. dollar(TRXUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, MACD and RSI bearish momentum.

(Click on image to enlarge)

​Elliott Wave Analysis TradingLounge 4H Chart, 4 September 23, 
Tron/U.S. dollar(TRXUSD)
TRXUSD Elliott Wave Technical Analysis
Function: Counter trend   
Mode: Corrective
Structure: Zigzag
Position: Wave ((B))
Direction Next higher Degrees: wave II of Impulse
Wave Cancel invalid Level: 0.045
Details: a Short-term pull back of wave ((B)) before Lower in wave ((C))

Tron/U.S. dollar(TRXUSD)Trading Strategy: A fall from 0.0945 with a five-wave pattern is Important evidence that Shows a Downtrend, And a rise in three-wave from 0.07605 indicates downtrend is not complete, So Overview the price still a downtrend and this pullback may be short-term for continuing down

Tron/U.S. dollar(TRXUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, MACD and RSI bearish momentum.

(Click on image to enlarge)

More By This Author:

Elliott Wave Technical Analysis: Texas Instruments Inc. - Friday, Sep. 1
Day Chart Elliott Wave Technical Analysis: AUD/JPY - Friday, September 1
Elliott Wave Technical Analysis 4 Hour Chart - Australian Dollar/Japanese Yen