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Elliott Wave Analysis | TradingLounge Daily Chart | Sei/US Dollar (SEIUSD)

SEIUSD Elliott Wave Technical Overview

• Objective: Trend Continuation
• Approach: Motive Wave
• Formation: Impulse Structure
• Current Phase: Wave 2
• Next Phase Direction: Higher Degree Wave
• Invalidation Level: Noted

SEIUSD Trading Plan
Following the completion of a clear five-wave structure (①) near the $0.32 mark, SEI/USD has now entered a corrective A–B–C Zigzag pattern forming wave ②. This move is approaching a critical Fibonacci retracement area, suggesting that the correction phase might soon conclude.

Trading Strategies

• Tactical Approach:
• • Ideal for: Short-term (Swing) Traders
  • • Buy Signal: Watch for a confirmed break above $0.220, indicating wave ③ initiation. Traders may enter positions aligning with the upward momentum.
• Risk Controls:
• • Stop-Loss/Invalidation: Price below $0.130 would negate the current wave structure.

Elliott Wave Analysis | TradingLounge H4 Chart | Sei/US Dollar (SEIUSD)

SEIUSD Elliott Wave Technical Overview

• Objective: Trend Continuation
• Approach: Motive Wave
• Formation: Impulse Structure
• Current Phase: Wave 2
• Next Phase Direction: Higher Degree Wave
• Invalidation Level: Noted

SEIUSD Trading Plan
The SEI/USD pair recently achieved a full five-wave rally (①) topping around $0.32. It is now retracing in a classic Zigzag A–B–C formation, shaping wave ②. This corrective action is progressing near a significant Fibonacci support area.

Trading Strategies

• Tactical Approach:
• • Ideal for: Short-term (Swing) Traders
  • • Buy Signal: Monitor for breakout beyond $0.220 as confirmation of wave ③ progression. Enter positions accordingly.
• Risk Controls:
• • Stop-Loss/Invalidation: Dip below $0.130 invalidates current wave analysis.

Analysis by: Kittiampon Somboonsod, CEWA
Source: TradingLounge.com

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