Elliott Wave Analysis - TradingLounge Daily Chart,
SEI/ U.S. Dollar (SEIUSD)

SEIUSD Elliott Wave Technical Overview

• Function: Trend Continuation
• Mode: Motive
• Structure: Impulse Pattern
• Current Position: Wave V
• Higher Degree Direction: Wave C within a Flat Pattern
• Invalidation Level for Wave Count: —

SEI/USD Trading Strategy - Daily Chart Insight
SEI recently experienced strong upward momentum. Now, based on Elliott Wave analysis, it appears to be undergoing a three-wave corrective pattern (A)-(B)-(C). Currently, Wave C is unfolding and progressing through the fifth wave (Wave 5), likely nearing completion. This last wave of the structure is trending downward.

• Target for Wave 5: Expected to align with the bottom of Wave 1, at the 0.1094 price level.

Trading Strategies

• Primary Strategy

  • Swing Traders (Short-Term Approach)

    • Watch Zone: Monitor price activity closely around 0.109 – 0.12.

    • If a bullish divergence or a strong reversal candle appears, it might signal the end of Wave C and the beginning of a new upward move.

• Risk Management

  • Critical Resistance (Wave Count Invalidates): 0.2300

    • If price returns above this level, the current Elliott Wave structure becomes invalid.

Elliott Wave Analysis - TradingLounge H4 Chart,
SEI/ U.S. Dollar (SEIUSD)

SEIUSD Elliott Wave Technical Overview

• Function: Trend Continuation
• Mode: Motive
• Structure: Impulse Pattern
• Current Position: Wave V
• Higher Degree Direction: Wave C within a Flat Pattern
• Invalidation Level for Wave Count: —

SEI/USD Trading Strategy - 4-Hour Chart Insight
Following a significant rally in the past, SEI has now shifted into a corrective wave sequence labeled (A)-(B)-(C). The last part of this correction, Wave C, is currently unfolding and seems to be in the final stage—Wave 5. The wave continues to trend downward.

• Wave 5 Target: Expected near the 0.1094 level, in alignment with Wave 1’s base.

Trading Strategies

• Primary Strategy

  • Swing Traders (Short-Term View)

    • Watch Zone: Look for potential entry signals around 0.109 – 0.12.

    • A clear bullish divergence or reversal candle in this area might signal a trend change.

• Risk Management

  • Invalidation Resistance: 0.2300

    • A move back above this level will invalidate the current wave count.

Analyst: Kittiampon Somboonsod, CEWA

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