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]