COH Elliott Wave technical forecast [Video]

Peter Mathers TradingLounge

COH Elliott Wave technical analysis

Function: Major Trend (Intermediate Degree – Orange).
Mode: Motive.
Structure: Impulse.
Current position: Wave 5)) – Navy.

Analysis summary:

Wave 4)) – Navy seems to have wrapped up the A-B-C correction in orange. The market now appears ready to begin wave 5)) – Navy, favoring a bullish direction. Price action may return to the high seen in wave 3)) – Navy at around $350.00.

Key confirmation level: 276.620 (indicates wave 3) – Orange developing).
Invalidation level: 246.14.

COH Elliott Wave technical analysis

Function: Major Trend (Intermediate Degree – Orange).
Mode: Motive.
Structure: Impulse.
Current Position: Wave B – Grey of Wave 2) – Orange.

Analysis summary:

From the 246.140 low, wave 1) – Orange completed as a Leading Diagonal. Wave 2) – Orange likely dipped deep, with wave A and B already formed. One more downward move with wave C – Grey is expected before a bullish wave 3) – Orange can commence.

Key confirmation level: 276.62.
Invalidation level: 246.14.

Conclusion:

Our updated forecast for COCHLEAR LIMITED - COH identifies ongoing market trends and key turning points. By providing specific invalidation and confirmation price levels, this technical outlook increases trader confidence and strategic clarity. The insights aim to offer a clear and structured guide for navigating upcoming market moves.

COH Elliott Wave technical analysis [Video]

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

EUR/USD trims gains, hovers around 1.1900 post-US data

EUR/USD trades slightly on the back foot around the 1.1900 region in a context dominated by the resurgence of some buying interest around the US Dollar on turnaround Tuesday. Looking at the US docket, Retail Sales disappointed expectations in December, while the ADP 4-Week Average came in at 6.5K.

GBP/USD comes under pressure near 1.3680

The better tone in the Greenback hurts the risk-linked complex on Tuesday, prompting GBP/USD to set aside two consecutive days of gains and trade slightly on the defensive below the 1.3700 mark. Investors, in the meantime, keep their attention on key UK data due later in the week.

Gold loses some traction, still above $5,000

Gold faces some selling pressure on Tuesday, surrendering part of its recent two-day advance although managing to keep the trade above the $5,000 mark per troy ounce. The daily pullback in the precious metal comes in response to the modest rebound in the US Dollar, while declining US Treasury yields across the curve seem to limit the downside.

AI Crypto Update: BankrCoin, Pippin surge as sector market cap steadies above $12B

The Artificial Intelligence (AI) segment is largely on the back foot with major coins such as Bittensor (TAO) and Internet Computer (ICP) extending losses amid a sticky risk-off sentiment.

Dollar drops and stocks rally: The week of reckoning for US economic data

Following a sizeable move lower in US technology Stocks last week, we have witnessed a meaningful recovery unfold. The USD Index is in a concerning position; the monthly price continues to hold the south channel support.

XRP holds $1.40 amid ETF inflows and stable derivatives market

Ripple trades under pressure, with immediate support at $1.40 holding at the time of writing on Tuesday. A recovery attempt from last week’s sell-off to $1.12 stalled at $1.54 on Friday, leading to limited price action between the current support and the resistance.