Elliot Wave Analysis by SolidECN Experts

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Amazon.com - Growth is possible

On the daily chart, the third wave of the higher level (3) formed, a downward correction ended as the fourth wave (4) and the fifth wave (5) started. Now, the first entry wave of the lower level 1 of (5) is developing, within which the wave iii of 1 is forming.

If the assumption is correct, the asset will grow to the area of 171.15 – 188.15. In this scenario, critical stop loss level is 126.9.

 

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Alibaba Group - Growth is possible.

On the daily chart, the upward first wave of the higher level 1 formed, a downward correction ended as the wave 2 and the third wave 3 started. Now, the first wave of the lower level 1 of (1) of 3 is developing, within which the wave iii of 1 and the correctional wave iv of 1 are forming.

If the assumption is correct, the price will grow to the area of 138.87–160.90. In this scenario, critical stop loss level is 74.15.

 

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USDJPY - A fall is possible.

On the daily chart, the third wave of the higher level 3 develops, within which the third wave of the lower level iii of 3 formed. Now, a downward correction is forming as the fourth wave iv of 3, within which the wave (a) of iv has developed, and the wave (b) of iv is ending.

If the assumption is correct, after the end of the correction, the USD/JPY pair will fall to the area of 127.06–123.50. In this scenario, critical stop loss level is 137.30.

 

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XAUUSD - Growth is possible.​

On the daily chart, a downward correction ended as the fourth wave of the higher level (4), within which the wave C of (4) formed as a momentum, and the fifth wave (5) started. Now, the first entry wave of the lower level i of 1 of (5) has formed and a local correction is developing as the second wave ii of 1 of (5).

If the assumption is correct, the XAUUSD pair will grow to the area of 1857.25 – 1910.3. In this scenario, critical stop loss level is 1681.43.

 

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AUDUSD - A fall is possible.​

On the daily chart, the first wave of the higher level (1) of C ended and a downward correction develops as the wave (2) of C, within which the wave C of (2) forms. Now, the third wave of the lower level iii of C has formed, a correction has formed as the fourth wave iv of C and the fifth wave v of C is developing, within which the local correction (ii) of v is developing.

If the assumption is correct, after the end of the correction, the AUDUSD pair will fall to the area of 0.66 – 0.645. In this scenario, critical stop loss level is 0.7134.

 

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NZDUSD - Growth is possible.​

On the daily chart, the upward wave of the higher level (А) of B formed and a downward correction ended as the wave (B) of B. Now, the wave (C) of B has started, within which the first wave of the lower level i of 1 of (C) has formed and a local correction has developed as the wave ii of 1 of (C).

If the assumption is correct, the NZDUSD pair will grow to the area of 0.6576 – 0.6815. In this scenario, critical stop loss level is 0.6066.

 

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IBM - Growth is possible.

On the daily chart, the first wave of the higher level (1) develops, within which the fifth wave 5 of (1) forms. Now, the third wave of the lower level iii of 5 is developing, within which the wave (i) of iii has developed, a local correction has ended as the wave (ii) of iii and the wave (iii) of iii is developing.

If the assumption is correct, the asset will grow to the area of 153.45 – 160. In this scenario, critical stop loss level is 125.1.

 

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JPMorgan Chase & Co - The price is in a correction and may grow.​

On the daily chart, the third wave of the higher level 3 formed and a downward correction develops as the wave 4, within which the wave (А) of 4 formed. Now, a local correction is forming as the upward wave (B) of 4, within which the wave of the lower level A of (B) is forming.

If the assumption is correct, the asset will grow to the area of 131.55 – 139.45. In this scenario, critical stop loss level is 110.45.

 

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USDCAD - A fall is possible.​

On the weekly chart, the downward correctional wave of the higher level 4 develops, within which the wave (C) of 4 forms. Now, = the third wave 3 of (C) is developing, within which the first entry wave of the lower level (i) of i of 3 has formed, and a local correction is ending as the wave (ii) of i of 3.

If the assumption is correct, after the end of the correction, the USDCAD pair will fall to the area of 1.201 – 1.1426. In this scenario, critical stop loss level is 1.3224.

 

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USDCHF - A fall is possible.​

On the daily chart, the downward fifth wave of the higher level 5 develops, within which the first wave (1) of 5 forms. Now, the first wave of the lower level 1 of (1) has formed and a local correction is developing as the second wave 2 of (1).

If the assumption is correct, after the end of the correction, the USDCHF pair will fall to the area of 0.8916 – 0.8730. In this scenario, critical stop loss level is 0.9889.

 

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Boeing - A fall is possible.​

On the daily chart, the downward wave of the higher level (C) develops, within which the third wave 3 of (C) formed. Now, a local correction has ended as the fourth wave 4 of (C), within which the wave c of 4 has formed and the fifth wave 5 of (C) has started.

If the assumption is correct, the price of the asset will fall to the area of 89.41–50.00. In this scenario, critical stop loss level is 174.15.

 

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Crude Oil - Growth is possible​

On the daily chart, the upward wave C forms, within which the first wave 1 of (1) of C developed and a downward correction ended as the second wave 2 of (1) of C. Now, the third wave 3 of (1) has started, within which the first entry wave of the lower level (i) of i of 3 is developing.

If the assumption is correct, Brent Crude Oil will grow to the area of 127.04 – 139.4. In this scenario, critical stop loss level is 92.72.

 

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XAUUSD - Growth is possible​

On the daily chart, a downward correction ended as the fourth wave of the higher level (4), within which the wave C of (4) formed as a momentum and the fifth wave (5) started. Now, the first entry wave of the lower level i of 1 of (5) has formed and the local correction has developed as the second wave ii of 1 of (5).

If the assumption is correct, the XAUUSD pair will grow to the area of 1857.25 – 1910.3. In this scenario, critical stop loss level is 1681.43.

 

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Intel - A fall is possible.​

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 has developed and a local correction is forming as the fourth wave iv of C.

If the assumption is correct, after the end of the correction, the price of the asset will fall to the area of 29 – 24.4. In this scenario, critical stop loss level is 44.92.

 

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Crude Oil - The price is in a correction; a fall is possible.​

On the daily chart, the first wave of the higher level 1 of (1) of C ended, and a downward correction forms as the second wave 2 of (1) of C, within which the wave a of 2 develops. Now, the third wave of the lower level (iii) of a has formed, and a local correction is developing as the fourth wave (iv) of a.

If the assumption is correct, after the end of the correction, the price of the asset will fall to the area of 82.3 – 67. In this scenario, critical stop loss level is 103.55.

 

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Silver - Growth is possible.​

On the daily chart, a downward correction of the higher level developed as the second wave (2), within which the wave C of (2) formed, and the third wave (3) started. Now, the first entry wave of the lower level i of 1 of (3) is developing, within which the wave (i) of i has formed, and a local correction has ended as the wave (ii) of i.

If the assumption is correct, the XAGUSD pair will grow to the area of 22.47 – 25.4. In this scenario, critical stop loss level is 18.05.

 

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Walt Disney - Growth is possible.​

On the daily chart, the wave А of the higher level formed and a downward correction develops as the wave B, within which the wave (А) of B formed and the upward correctional wave of the lower level (B) of B started. Now, the wave A of (B) is developing, within which the wave iii of A has formed and the wave iv of A is forming.

If the assumption is correct, the asset will grow to the area of 133 – 146.05. In this scenario, critical stop loss level is 99.2.

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Netflix - Growth is possible.​

On the daily chart, the wave А of the higher level formed, a downward correction ended as the wave B and the wave C started. Now, the first entry wave of the lower level 1 of (1) of C has formed, a local correction has developed as the wave 2 of (1) of C and the third wave 3 of (1) of C is forming.

If the assumption is correct, the asset will grow to the area of 326.9 – 397. In this scenario, critical stop loss level is 166.5.

 

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EURUSD - A fall is possible​

On the daily chart, the downward wave of the higher level C of (B) develops, within which the fifth wave v of (C) forms. Now, the fifth wave of the lower level v of C is forming, within which the wave (v) of v of C is developing.

If the assumption is correct, the EURUSD pair will fall to the area of 0.98 – 0.97. In this scenario, critical stop loss level is 1.008.

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GBPUSD - A fall is possible.​

On the daily chart, the first wave of the higher level (1) forms and a downward correction develops as the second wave (2), within which the wave C of (2) forms. Now, the fifth wave of the lower level v of C of (2) is developing, within which the wave (v) of v of C is forming.

If the assumption is correct, the GBPUSD pair will fall to the area of 1.155 – 1.145. In this scenario, critical stop loss level is 1.1887.