official Elliot Wave Analysis by Solidecn.com

[Solid ECN ✔️]

Bank of America - The price is in a correction, a fall is possible.

If the assumption is correct, after the end of the correction, the price of the asset will fall to the levels of 26.32–20.82. In this scenario, critical stop loss level is 39.27.

 

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AUDUSD - The pair may fall

If the assumption is correct, the AUDUSD pair will fall to the levels of 0.6446–0.6082. In this scenario, critical stop loss level is 0.6885.

 

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NZDUSD - The pair may fall.

If the assumption is correct, the NZDUSD pair will fall to the levels of 0.6060–0.5910. In this scenario, critical stop loss level is 0.6257.

 

[Solid ECN ✔️]

IBM - The price may grow.

If the assumption is correct, the price of the asset will grow to the levels of 153.45–160. In this scenario, critical stop loss level is 132.61.

 

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JPMorgan Chase - The price may grow.

If the assumption is correct, the price of the asset will grow within the wave (B) of 4 to the levels of 132.7–140.7. In this scenario, critical stop loss level is 108.35.

 

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USDCAD - The pair may grow.

If the assumption is correct, the USDCAD pair will grow to the levels of 1.341 – 1.37. In this scenario, critical stop loss level is 1.2816.

 

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USDCHF - The pair may grow.

On the daily chart, the third wave of the higher level 3 of (3) develops, within which the wave iii of 3 formed, and a correction formed as the fourth wave iv of 3. Now, the formation of the fifth wave v of 3 has started, within which the first wave of the lower level (i) of v has formed. 

If the assumption is correct, after the end of the local correction (ii) of v, the USD/CHF pair will grow to the levels of 1.02 – 1.035. In this scenario, critical stop loss level is 0.949.

 

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Boeing - The price is in a correction, a fall is possible.

If the assumption is correct, after the end of the correction, the price of the asset will fall to the levels of 89.41 – 50. In this scenario, critical stop loss level is 167.33.

 

[Solid ECN ✔️]

Crude Oil - The price may fall.

If the assumption is correct, Brent Crude Oil price will fall to the levels of 77.08–62.5. In this scenario, critical stop loss level is 109.83.

 

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XAUUSD - The pair is in a correction, a fall is possible.

On the daily chart, a downward correction develops as the fourth wave of the higher level (4), within which the wave C of (4) forms. Now, the fifth wave v of C is developing, within which the third wave of the lower level (iii) of v of C is ending the formation.

If the assumption is correct, after the end of the correctional wave (iv) of v of C, the XAUUSD pair will fall to the levels of 1681.1–1621.9. In this scenario, critical stop loss level is 1811.8.

 

[Solid ECN ✔️]

Intel - The price may fall.

On the daily chart, a downward correction of the higher level develops as the second wave (2), within which the wave C of (2) forms. Now, the third wave of the lower level iii of C is developing, within which the wave (iii) of iii is ending. 

If the assumption is correct, after the end of the local correction (iv) of iii the price will fall to the levels of 31.5 – 24.4. In this scenario, critical stop loss level is 44.86.

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Crude Oil - The probability of decline remains.

 

On the daily chart, the formation of the first wave of the higher level 1 of (1) of C has completed, and a downward correction is observed as the second wave 2 of (1) of C, in which the wave of the lower level a of 2 is developing. At the moment, the wave (i) of a has already been formed, the correctional wave (ii) of a has completed, and the third wave of the lower level (iii) of a is also developing. 

 

If the assumption is correct, the price of WTI Crude Oil will fall to 82.3 – 67. The level of 105.93 is critical and stop-loss for this scenario.

 

 

[Solid ECN ✔️]

Silver - The probability of decline remains.

On the daily chart, there is a downward correction of the higher level as the second wave (2), in which wave C of (2) is formed. At the moment, the fifth wave v of C is developing, which includes wave (v) of v. 

If the assumption is correct, XAGUSD will fall to the levels of 17.2 – 15.77. The level of 19.44 is critical and stop-loss for this scenario.

 

[Solid ECN ✔️]

Netflix - The possibility of growth remains.

On the daily chart, wave A of the higher level has formed, and the development of a downward correction as wave B has also completed. At the moment, wave C is being built, where the first leading wave of the lower level 1 of (1) of C has already appeared, the local correction as wave 2 of (1) of C has been completed, and the development of the third wave 3 of (1) of C has begun. 

If the assumption is correct, the price will rise to the levels of 326.97 – 397. The level of 163.03 is critical and stop-loss for this scenario.

 

[Solid ECN ✔️]

Walt Disney - The probability of decline remains.

 

On the daily chart, the development of wave A of the higher level has completed, and now there is a downward correction as wave B with the formation of wave (A) of B. In addition, the fifth wave of the lower level 5 of (A) is being formed, within which the wave of the third wave v of 5 is developing. 

 

If the assumption is correct, the price will fall to the levels of 80 – 62.5. The level of 113.45 is critical and stop-loss for this scenario.

 

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EURUSD - The possibility of growth remains.

On the daily chart, the development of the downward correction of the higher level as wave (B) has completed, in which the wave C of (B) has formed, and the fifth wave of the lower level (v) of v of B has also appeared and the formation of the upward wave of the higher level (B) has begun. 

If the assumption is correct, EURUSD will rise to the levels of 1.0612–1.0787. The level of 0.9944 is critical and stop-loss for this scenario.
 

[Solid ECN ✔️]

GBPUSD - The possibility of growth remains.

On the daily chart, the first wave of the higher level (1) has been formed and the downward correction as the second wave (2) has ended. At the moment, the wave C of (2) has developed, in which the fifth wave of the lower level v of C is built, and the formation of the ascending third wave (3) has begun. 

If the assumption is correct, GBPUSD will rise to the levels of 1.2674–1.315. The level of 1.175 is critical and stop-loss for this scenario.

 

[Solid ECN ✔️]

Nvidia - The price is in correction; the probability of growth is maintained.

On the daily chart, the downward correction of the higher level continues as wave (B), within which wave C of (B) is being formed. At the moment, the third wave of the lower level iii of C has already been built, and there is also a local correction as the fourth wave iv of C, in which wave (c) of iv began to develop. 

If the assumption is correct, the price will rise to the levels of 207.45–222.45. The level of 141.81 is critical and stop-loss for this scenario.

 

[Solid ECN ✔️]

Alphabet - The possibility of growth remains.

On the daily chart, the third wave of the higher level (3) is formed, the development of the downward correction as the fourth wave (4) is completed, and the formation of the fifth wave (5) has begun. At the moment, the first wave of the lower level 1 of (5) is developing, in which wave i of 1 appeared and the local correction as wave ii of 1 ended, and the construction of wave iii of 1 is also observed. 

If the assumption is correct, one may expect the growth of the price of the asset to 160.69–143.9. The level of 102.01 is critical and stop-loss for this scenario.
 

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USDCAD - The pair may grow

On the daily chart, the first wave of the higher level (1) of 5 is formed, within which the wave 3 of (1) develops. At the moment, the formation of the third wave of the lower level iii of 3 continues, in which wave (i) of iii has already appeared, the local correction as wave (ii) of iii has ended and the formation of wave (iii) of iii continues.

If the assumption is correct, USDCAD will rise to the levels of 1.341–1.37. The level of 1.2815 is critical and stop-loss for this scenario.