© Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M. Wave ((iii))-navy continues to push higher, targeting the nearest target at 8,409.4. While price must remain above 7,918.9 to maintain this view.
© Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M. The latest outlook suggests that gold may push lower slightly, targeting around the low of 2,555.50. After that, the price may resume its main trend, which is to push higher. While the price must remain above 2,529.03 to maintain this view.
The ((v))-navy wave is unfolding to push lower, which itself is subdividing into wave iii-grey of wave (iii)-orange. Wave iii could continue to push lower, targeting the 3.564% low. While price must remain below 3.932% to maintain this view. On the other hand, the 61.8% level could temporarily act as a potential resistance level that price should hold below.
©Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M. The (v)-orange wave is unfolding to push lower, targeting the low of 99.487, while the price must remain below the high of 101.917 to maintain this view.
© Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M. Details: Wave (ii)-orange ended earlier than expected, and wave (iii)-orange is unfolding to push higher. While the low of 139.04 may act as a temporary key level. Invalidation point: 135.65
© Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M. Wave (3)-orange is continuing to push higher, targeting the high of 2,550. While price remains above 2,503.80 is a significant advantage for this view. Invalidation point: 2,471.50
© Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M Wave (2)-orange seems to have just ended, and wave (3)-orange is unfolding to push higher. The immediate target is 2,531.67. While price must remain above 2,473.25 to maintain this view. Invalidation point: 2,473.25
© Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M. Details: Wave ((iii))-navy is unfolding to push higher since 40.00, it is subdividing into wave (i),(ii)-orange. And wave (ii)-orange probably ended at 41.40, so wave (iii)-orange is unfolding to push higher, targeting the high of 47.19. Invalidation point: 41.40
AUSTRALIAN STOCK: WOW.ASX - 2 SEP, 2024 © Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M. Wave ((i))-navy has just ended, and wave ((ii))-navy seems to be unfolding to push lower, aiming at targets at 34.75 - 34.32. Finally, wave ((iii))-navy will return to continue pushing higher. Invalidation point: 32.82.
Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M. Wave ((iii))-navy is unfolding to push higher, targeting the high at 32.49, while price must remain above 25.11 to maintain this view. Invalidation point: 25.11
Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M. Since the low at 34.67, wave (iii)-orange is unfolding to push higher, which itself is subdividing into waves ((1)),((2))-navy and currently wave (1)-orange. Wave (2)-orange will soon unfold to push a little lower, and finally wave (3)-orange will return to push higher. Invalidation point: 34.67
© Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M. Wave (4)-orange is developing into a Triangle and will extend for a while longer, then end and wave (5)-orange may turn back to push higher. While price must hold the low of 2,485.52 to maintain the view that this is a triangle. Conversely, Pushing above the high of 2,519.11 is a sign that wave (5)-orange is...
© Master of Elliott Wave : Hua (Shane) Cuong, CEWA-M. 10-Year Yield, the main trend is down. Currently wave (C)-orange is unfolding to push lower. Recent price action shows that wave ((iii))-navy has ended, and wave ((iv))-navy is unfolding as a Triangle. The basis is that it will be longer and take longer than expected. But the bearish view with wave ((v))-navy...
© Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M. Bonds, Wave (iii)-orange is unfolding to push higher; it is subdividing into wave ((2))-blue, and appears to be unfolding to push lower. Specifically, it is developing as a Zigzag, labeled (A)(B)(C)-orange, wave (B)-orange is nearing completion of its role. Finally, wave ((3))-blue could return to push...
© Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M. Wave 1-grey of wave (5)-orange has just completed, it seems that wave 2-grey is also completed, since from the low of 2,485.52, wave 3-grey is unfolding to push higher. While price must remain above 2,485.52 to maintain this view. Pushing lower suggests wave 2-grey is extending longer than expected.
© Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M. (1D) Details: Wave ((iii))-navy is unfolding to push higher. It is subdividing into wave (i)-orange, which will essentially continue to push higher. Any subsequent large decline would suggest that wave (ii)-orange is unfolding to push lower. Eventually, wave (iii)-orange will return to continue to push...
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M. Wave (4)-orange seems to have just completed at the low of 2,437.97, it has also achieved the common retracement ratio of 38.20%, this 4th wave is precisely developing as an Expanded Flat. I guess wave (5)-orange is opening up to push higher, targeting around 2,492.33. While price must remain above...
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M. 10 YR Yields, the main trend is bearish. Currently wave (C)-orange is unfolding to push lower. Wave ((iv))-navy has just completed at 4.022%, and wave ((v))-navy is unfolding to push lower, targeting the immediate target at 3.676%. While price must remain below 4.022% to maintain this view.