SEI/USD Elliott Wave technical analysis [Video]
|Elliott Wave Analysis | TradingLounge Daily Chart |
Sei/U.S. Dollar (SEIUSD)
SEI/USD 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.
SEI/USD 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.
SEI/USD 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.
SEI/USD 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.
Sei/US Dollar Elliott Wave technical analysis [Video]
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.