SEI Elliott Wave technical analysis [Video]
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SEIUSD Elliott Wave technical overview
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Function: Trend Continuation.
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Mode: Motive.
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Structure: Impulse Pattern.
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Current position: Wave V.
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Higher degree direction: Wave C within a Flat Pattern.
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Invalidation level for wave count: —
SEI recently experienced strong upward momentum. Now, based on Elliott Wave analysis, it appears to be undergoing a three-wave corrective pattern (A)-(B)-(C). Currently, Wave C is unfolding and progressing through the fifth wave (Wave 5), likely nearing completion. This last wave of the structure is trending downward.
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Target for Wave 5: Expected to align with the bottom of Wave 1, at the 0.1094 price level.
Trading strategies
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Primary strategy
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Swing traders (Short-term approach)
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Watch Zone: Monitor price activity closely around 0.109 – 0.12.
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If a bullish divergence or a strong reversal candle appears, it might signal the end of Wave C and the beginning of a new upward move.
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Risk management
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Critical resistance (Wave count invalidates): 0.2300
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If price returns above this level, the current Elliott Wave structure becomes invalid.
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SEIUSD Elliott Wave technical overview
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Function: Trend Continuation.
-
Mode: Motive.
-
Structure: Impulse Pattern.
-
Current position: Wave V.
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Higher degree direction: Wave C within a Flat Pattern.
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Invalidation level for wave count: —
Following a significant rally in the past, SEI has now shifted into a corrective wave sequence labeled (A)-(B)-(C). The last part of this correction, Wave C, is currently unfolding and seems to be in the final stage—Wave 5. The wave continues to trend downward.
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Wave 5 Target: Expected near the 0.1094 level, in alignment with Wave 1’s base.
Trading strategies
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Primary strategy
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Swing traders (Short-term view)
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Watch Zone: Look for potential entry signals around 0.109 – 0.12.
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A clear bullish divergence or reversal candle in this area might signal a trend change.
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Risk management
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Invalidation resistance: 0.2300
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A move back above this level will invalidate the current wave count.
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Analyst: Kittiampon Somboonsod, CEWA.
SEIUSD Elliott Wave technical overview [Video]
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