Elliot Wave Analysis by SolidECN Experts

[Solid ECN]

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 fifth wave 5 of (1) is developing, within which the wave i of 5 has formed, a local correction has ended as the wave ii of 5, and the development of the wave iii of 5 has started.

If the assumption is correct, the price will grow to the levels of 153.45 - 158. In this scenario, critical stop loss level is 118.7.​

 

[Solid ECN]

JPMorgan Chase, the price is in a correction; a fall is possible.​

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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 develops as the wave 4. Now, the wave (А) of 4 has formed, and a local correction has started to develop as the wave (B) of 4.

If the assumption is correct, after the end of the correction, the price will fall to the levels of 118 - 101. In this scenario, critical stop loss level is 155.9.​

 

[Solid ECN]

USDCAD, the pair may grow.​

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 formed, and a local correction has ended as the wave (ii) of iii.

If the assumption is correct, usdcad will grow to the levels of 1.32 - 1.341. In this scenario, critical stop loss level is 1.243.​

 

[Solid ECN]

American Express Co, The price is in a correction, a fall is possible.

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 has formed, and the wave b of 4 has ended.

If the assumption is correct, the price will fall within the wave c of 4 to the levels of 144.62–131.35. In this scenario, critical stop loss level is 199.66.​

 

[Solid ECN]

Brent Crude Oil, The price may fall.

On the daily chart, the upward wave C develops, within which the first wave 1 of (1) of C formed, and a downward correction develops as the second wave 2 of (1) of C. Now, the wave a of 2 is forming, within which the local correction (ii) of a has ended.

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.​

 

[Solid ECN]

Intel Corp, 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 (i) of iii has formed, and a local correction has ended as the wave (ii) of iii.

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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[Solid ECN]

Netflix Inc, the price may grow.

On the daily chart, the wave and of the higher level formed, and a downward correction started to develop as the wave B. Now, the wave of the lower level (А) of B has formed, and the development of the upward correction (B) of B has started.

If the assumption is correct, the price will grow to the levels of 514.17 - 558.76. In this scenario, critical stop loss level is 326.65.​

 

[Solid ECN]

Walt Disney, the price may fall.​

On the daily chart, the wave A of the higher level developed, and a downward correction forms as the wave B, within which the wave (А) of B develops. Now, the fifth wave of the lower level 5 of (А) is forming, within which the local correction is ending as the wave ii of 5.

If the assumption is correct, after the end of the correction, the price will fall to the levels of 102.5 - 80. In this scenario, critical stop loss level is 157.23.​

 

[SOLIDECN]

EURUSD, the pair may fall.​

On the daily chart, the first wave of the higher level 1 of (3) formed, and a downward correction develops as the second wave 2 of (3), within which the wave c of 2 forms. Now, a local correction has ended as the fourth wave of the lower level (iv) of c, and the fifth wave (v) of c is developing.

If the assumption is correct, the pair will fall to the levels of 1.076 - 1.064. In this scenario, critical stop loss level is 1.1138.​

 

[Solid ECN]

GBPUSD, the pair is in a correction a fall is possible.​

On the daily chart, the first wave of the higher level (1) formed, and a downward correction develops as the wave (2), within which the wave A of (2) has formed, and a local correction has developed as the wave B of (2). Now, the wave C of (2) is developing, within which the wave iii of C has formed, a local correction has ended as the wave iv of C, and the wave v of C is developing.

If the assumption is correct, the pair will fall to the levels of 1.2833 - 1.2500. In this scenario, critical stop loss level is 1.3301.​

 

[Solid ECN]

USDCHF, the pair may grow.​

On the daily chart, the first downward wave of the higher level (1) of 3 formed, and an upward correction develops as the second wave (2) of 3, 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 forming.

If the assumption is correct, the pair will grow to the levels of 0.949 - 0.9667. In this scenario, critical stop loss level is 0.9256.​

 

[Solid ECN]

USDCAD, the pair may grow.​

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 first wave of the lower level i of 3 has formed, and a local correction is ending as the second wave ii of 3.

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 1.2269.​

 

[Solid ECN]

AUDUSD, the pair is in a correction, a fall is possible.​

On the daily chart, the first wave of the higher level (1) of C developed, and a downward correction develops as the wave (2) of C. Now, the wave of the lower level A of (2) has formed, and the development of the wave B of (2) is ending, within which the development of the wave c of B is ending.

If the assumption is correct, after the end of the correction, AUDUSD will fall to the levels of 0.6742 - 0.6446. In this scenario, critical stop loss level is 0.8.​

 

[Solid ECN]

NZDUSD, the pair is in a correction, a fall is possible.​

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, a local correction is ending to develop as the second wave of the lower level ii of C, within which the formation of the wave (c) of ii is ending.

If the assumption is correct, after the end of the wave ii of C NZDUSD will fall to the levels of 0.6466 - 0.6224. In this scenario, critical stop loss level is 0.7227.
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[Solid ECN]

Alibaba Group Holding Ltd, the price may grow.​

On the daily chart, the first upward wave of the higher level 1 formed, and a downward correction developed as the wave 2. Now, the third wave 3 is starting to develop, within which the first entry wave of the lower level 1 of (1) of 3 is developing.

If the assumption is correct, the upward dynamics develop to the levels of 182.6 - 232.3. In this scenario, critical stop loss level is 73.5.​

 

[Solid ECN]

USDJPY, the pair is in a correction and may grow.​

On the daily chart, the third wave of the higher level 3 of (1) develops, and the fifth wave of the lower level v of 3 develops. Now, the third wave of the lower level (iii) of v is forming, within which a local correction is ending as the wave iv of (iii).

If the assumption is correct, after the end of the correction, USDJPY will grow to the levels of 126.6 - 130. In this scenario, critical stop loss level is 119.8.​

 

[Solid ECN]

McDonald’s Corp, the price may grow.​

On the daily chart, the fifth wave of the higher level (5) develops, within which the wave 3 of (5) formed. Now, a local correction developed as the fourth wave 4 of (5), and the formation of the fifth wave 5 of (5) has started, within which the first wave of the lower level i of 5 is developing.

If the assumption is correct, the price will grow to the levels of 280 - 295. In this scenario, critical stop loss level is 216.5.​

 

[Solid ECN]

EURUSD, the pair may grow.​

On the daily chart, the first wave of the higher level 1 of (3) formed, and a downward correction developed as the second 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 entry wave of the lower level (i) of i of 3 has formed.

If the assumption is correct, the pair will grow to the levels of 1.1483–1.1690. In this scenario, critical stop loss level is 1.0798.​

 

[Solid ECN]

EURUSD, the pair may grow.​

On the daily chart, the first wave of the higher level 1 of (3) formed, and a downward correction developed as the second 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 entry wave of the lower level (i) of i of 3 has formed.

If the assumption is correct, the pair will grow to the levels of 1.1483–1.1690. In this scenario, critical stop loss level is 1.0798.​

 

[Solid ECN]

USDJPY, the price may grow.​

On the daily chart, the third wave of the higher level 3 of (1) develops, within which the fifth wave v of 3 develops. Now, the third wave of the lower level (iii) of v is forming, within which a local correction has ended as the wave iv of (iii).

If the assumption is correct, the pair will grow to the levels of 126.6 - 130. In this scenario, critical stop loss level is 121.2.​