Elliot Wave Analysis by SolidECN Experts

[Solid ECN]

Elliot Wave Analysis By Solid ECN​

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Apple Inc price is in a correction, a fall is possible.
On the daily chart, the third wave of the higher level 3 develops, within which the wave (5) of 3 formed, and a downward correction develops as the fourth wave 4. Now, the wave (A) of 4 is forming, within which the wave 5 of (А) is developing.

If the assumption is correct, the price will fall to the levels of 148.43–127.03. In this scenario, critical stop loss level is 176.81.​

 

[Solid ECN]

Elliot Wave Analysis By Solid ECN​

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Microsoft Corp is in a correction, a fall is possible.
On the daily chart, the third wave of the higher level 3 developed, within which the wave (5) of 3 formed, and a downward correction develops as the fourth wave 4. Now, the wave (А) of 4 has formed, within which the fifth wave of the lower level 4 of (A) has ended, and the wave (B) of 4 is developing.

If the assumption is correct, after the end of the correction, the price will fall to the levels of 266.40–219.45. In this scenario, critical stop loss level is 320.45.

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Silver may grow.​

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

If the assumption is correct, after the end of the correction, the price will grow to the levels of 27.00–28.40. In this scenario, critical stop loss level is 23.2.

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USDJPY is in a correction, a fall is possible.
On the daily chart, the third wave of the higher level 3 of (1) develops, within which the wave iii of 3 formed. Now, a downward correction is developing as the fourth wave iv of 3, within which the wave of the lower level (а) of iv has formed, the correctional wave (b) of iv has ended, and the wave (c) of iv is developing.

If the assumption is correct, the pair will fall to the levels of 113 – 111.9. In this scenario, critical stop loss level is 116.3.​

 

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Bank of America, the price may fall.​

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On the daily chart, the first wave of the higher level 1 formed, and a downward correction develops as the second wave 2. Now, the wave (А) of 2 is forming, within which the third wave of the lower level 3 of (А) is developing. If the assumption is correct, the price will fall to the levels of 35.00–31.90.

In this scenario, critical stop loss level is 44.38.ect, the price will fall to the levels of 74 – 50. In this scenario, critical stop loss level is 113.8.​

 

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PayPal Holdings, the price may fall.​

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On the daily chart, the upward wave of the higher level А formed, and a downward correction develops as the wave B. Now, the wave (А) of B is forming, within which the fifth wave of the lower level 5 of (А) is developing.

If the assumption is correct, the price will fall to the levels of 74 – 50. In this scenario, critical stop loss level is 113.87.​

 

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AUDUSD, the pair may fall.​

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On the daily chart, the first wave of the higher level (1) of C developed, and a downward correction forms as the wave (2) of C, within which the wave C of (2) develops. Now, the first wave of the lower level i of C has formed, and a local correction has developed as the wave ii of C.​

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If the assumption is correct, the pair will fall within the wave iii of C to the levels of 0.6742–0.6446. In this scenario, critical stop loss level is 0.7440.
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NZDUSD, the pair may fall.​

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

If the assumption is correct, the pair will fall within the wave iii of C to the levels of 0.6466–0.6224. In this scenario, critical stop loss level is 0.6922.​

 

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IBM Corp, the price may grow.​

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On the daily chart, a downward correction developed as the fourth wave of the higher level 4, and the fifth wave 5 develops, within which the wave (1) of 5 forms. Now, the formation of the fifth wave 5 of (1) has started, within which the wave i of 5 has formed, and a local correction has ended as the wave ii of 5.

If the assumption is correct, the price will grow to the levels of 145.76–153.45. In this scenario, critical stop loss level is 118.70.​

 

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JPMorgan Chase, the price may fall.​

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On the daily chart, the third wave of the higher level 3 developed, within which the wave (5) of 3 formed, and a downward correction has started to develop as the wave 4. Now, the formation of the wave (А) of 4 is ending, within which the fifth wave 5 of (A) is ending.

If the assumption is correct, after the end of the correctional wave (B) of 4 the price will fall to the levels of 118.00–101.00. In this scenario, critical stop loss level is 155.92.​

 

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USDCAD, the pair may grow!​

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On the daily chart, the first wave of the higher level (1) of 5 forms, within which the wave 3 of (1) develops. Now, the third wave of the lower level iii of 3 is developing, within which the wave (i) of iii has formed, a local correction has ended as the wave (ii) of iii, and the development of the wave (iii) of iii has started.

If the assumption is correct, the pair will grow to the levels of 1.32 - 1.341. In this scenario, critical stop loss level is 1.2585.​

 

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USDCHF, the pair may fall!

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On the daily chart, the first downward wave of the higher level (1) of 3 formed, an upward correction developed as the second wave (2) of 3, and the development of the third wave (3) of 3 started. Now, the first wave of the lower level i of 1 of (3) has formed, the local correction ii of 1 of (3) has developed, and the formation of the wave iii of 1 of (3) has started, within which the wave (ii) of iii has ended.

If the assumption is correct, the pair will fall to the levels of 0.9014 - 0.8921. In this scenario, critical stop loss level is 0.9344.​

 

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Boeing Co, the price may grow!

On the daily chart, the first wave of the higher level (1) of C formed, and a correction developed as the second wave (2) of C. Now, the wave C of (2) has formed, and the development of the wave (3) is starting.

If the assumption is correct, the price will grow to the levels of 242.7 - 260. In this scenario, critical stop loss level is 165.87.​

 

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American Express Co, the price is in a correction and may grow.​

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On the daily chart, the fifth wave of the higher level (5) develops, within which the wave 3 of (5) formed. Now, the fourth wave of the lower level 4 of (5) is developing, within which the wave a of 4 is forming.

If the assumption is correct, after the end of the correctional wave 4 of (5) the price will grow to the levels of 220 - 238. In this scenario, critical stop loss level is 144.85.​

 

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Brent Crude Oil, The price may grow.​

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On the daily chart, the upward wave C, within which the first wave 1 of (1) of C formed. Now, a downward correction has started to develop as the second wave 2 of (1) of C, within which the wave a of 2 is developing.

If the assumption is correct, the price will fall to the levels of 77 - 62.5. In this scenario, critical stop loss level is 140.​

 

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XAUUSD is in a correction, the pair may grow.​

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On the daily chart, the third wave of the higher level 3 of (5) develops, within which the wave iii of 3 forms. Now, the third wave of the lower level (iii) of iii is developing, within which the wave iii of (iii) has formed, and the correctional wave iv of (iii) is developing.

If the assumption is correct, after the end of the correction, the pair will grow to the levels of 2150 - 2200. In this scenario, critical stop loss level is 1875.​

 

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Intel Corp, the price may fall​

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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 first wave of the lower level i of C has formed, a local correction has ended as the wave ii of C, and the third wave iii of C is developing.

If the assumption is correct, the price will fall to the levels of 38 - 31.5. In this scenario, critical stop loss level is 56.32.​

 

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AT&T is in a correction, a fall is possible​

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On the daily chart, the third downward wave of the higher level 3 of (C) develops, within which the wave iii of 3 formed. Now, a local correction is developing as the fourth wave iv of 3, within which the wave (b) of iv has ended.

If the assumption is correct, after the end of the wave (c) of iv the price will fall to the levels of 20.00–18.00. In this scenario, critical stop loss level is 29.38.​

 

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Crude Oil, the price may fall.​

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On the daily chart, the upward wave C forms, within which the first wave 1 of (1) of C developed. Now, a downward correction has started to form as the second wave 2 of (1) of C, within which the wave a of 2 is developing.

If the assumption is correct, the price will fall to the levels of 78 - 64. In this scenario, critical stop loss level is 102.​

 

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Silver, the pair may fall​

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On the daily chart, the first wave of the higher level (1) of 3 formed, a downward correction developed as the wave (2) of 3, and the formation of the third wave (3) of 3 started. Now, the first wave of the lower level 1 of (3) has formed, and a local correction has started to develop as the wave 2 of (3).

If the assumption is correct, the price will fall to the levels of 24 - 23. In this scenario, critical stop loss level is 26.​