Elliot Wave Analysis by SolidECN Experts

[SOLIDECN]

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 third wave of the lower level iii of C has formed, and the correctional wave iv of C is developing.

If the assumption is correct, after the end of the correction, the price will fall to the levels of 0.606–0.591. In this scenario, critical stop loss level is 0.662.

 

[SOLIDECN]

On the daily chart, the first wave of the higher level (1) develops, within which the third wave 3 of (1) formed. Now, a downward correction is developing as the fourth wave 4 of (1), within which the wave a of 4 is forming.

If the assumption is correct, the pair will fall to the levels of 124.40–122.38. In this scenario, critical stop loss level is 131.24.

 

[SOLIDECN]

On the daily chart, the downward wave of the higher level C of (B) develops, within which the fifth wave v of (C) develops. Now, the third wave of the lower level (iii) of v of (C) has formed, and a local correction has developed as the fourth wave (iv) of v.

If the assumption is correct, the price will fall to the levels of 1.03 - 1.02. In this scenario, critical stop loss level is 1.0868.

 

[SOLIDECN]

On the daily chart, a downward correction developed as the wave (2), within which the wave C of (2) formed. Now, the development of the third wave (3) has started, within which the first entry wave of the lower level i of 1 of (3) is forming.

If the assumption is correct, the price will grow to the levels of 1.3148–1.3311. In this scenario, critical stop loss level is 1.2323.

 

[SOLIDECN]

On the daily chart, the third wave of the higher level 3 formed, and a downward correction developed as the fourth wave 4. Now, the wave (C) of 4 has ended, and the formation of the fifth wave 5 is starting.

If the assumption is correct, the price will grow to the levels of 165.65 – 183.14. In this scenario, critical stop loss level is 132.5.

 

[SOLIDECN]

On the daily chart, the first wave of the higher level (1) develops, within which the third wave 3 of (1) formed, and a downward correction develops as the fourth wave 4 of (1). Now, the wave a of 4 is forming, within which the wave of the lower level (i) of a has formed, and a local correction is developing as the wave (ii) of a.

If the assumption is correct, the asset will fall to the levels of 124.4 – 122.38. In this scenario, critical stop loss level is 131.24.

 

[SOLIDECN]

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 has formed, within which the fifth wave of the lower level 5 of (А) has developed, and an upward correction has started to form as the wave (B) of 2.

If the assumption is correct, the price will grow to the levels of 39.5 - 41.5. In this scenario, critical stop loss level is 32.9.

 

[SOLIDECN]

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) forms. Now, the wave of the lower level i of C has formed, and a local correction is ending to develop as the wave ii of C.

If the assumption is correct, after the end of the correction, the asset will fall to the levels of 0.6742–0.6446. In this scenario, critical stop loss level is 0.7342.

 

[SOLIDECN]

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 (iii) of iii is forming.

If the assumption is correct, the price will grow to the levels of 153.45–160. In this scenario, critical stop loss level is 125.6.

 

[SOLIDECN]

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

If the assumption is correct, after the end of the correction, the price will fall to the levels of 101 - 83.18. In this scenario, critical stop loss level is 144.05.

 

[SOLIDECN]

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 forming, within which the wave (i) of iii has formed, and a local correction has developed as the wave (ii) of iii.

If the assumption is correct, the price will grow to the levels of 1.32 – 1.341. In this scenario, critical stop loss level is 1.2575.

 

[SOLIDECN]

On the daily chart, the third wave of the higher level 3 of (3) forms, within which the wave iii of 3 develops. Now, the third wave of the lower level (iii) of iii has formed, and a local correction has ended as the fourth wave (iv) of iii.

If the assumption is correct, the price will grow to the levels of 1.0072–1.02. In this scenario, critical stop loss level is 0.9536.

 

[SOLIDECN]

On the daily chart, the downward wave of the higher level (C) develops, within which the third wave 3 of (C) forms. Now, the third wave of the lower level iii of 3 is developing, within which the wave (iii) of iii is forming.

If the assumption is correct, the price will fall to the levels of 89.41–50. In this scenario, critical stop loss level is 157.65.

 

[SOLIDECN]

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 forming.

If the assumption is correct, the price will fall to the levels of 38 – 31.5. In this scenario, critical stop loss level is 48.95.

 

[SOLIDECN]

The shares of eBay Inc., the world's largest online auction, are correcting upwards around the level of 47.

On the daily chart, the price is falling within a narrow downwards channel, approaching the resistance line. The key support remains a full correction of 61.8% Fibonacci 46, after its breakdown, the downward dynamics will intensify. On the four-hour chart, local growth may continue after consolidation above the local high of last week around 48.8. In this case, the movement target will be the 50.0% Fibonacci intermediate correction level at 53.3.

At the moment, fast EMAs on the Alligator indicator are approaching the signal line, and the AO oscillator histogram is forming upward bars in the sell zone.

 

[SOLIDECN]

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

If the assumption is correct, after the end of the correction, the price will fall to the levels of 80 – 62.5. In this scenario, critical stop loss level is 126.86.

 

[SOLIDECN]

On the daily chart, the downward wave of the higher level C of (B) develops, within which the fifth wave v of (C) develops. Now, the third wave of the lower level (iii) of v of (C) has formed, a local correction has developed as the fourth wave (iv) of v, and the formation of the fifth wave (v) of v is starting.

If the assumption is correct, the EURUSD pair will fall to the levels of 1.03 – 1.02. In this scenario, critical stop loss level is 1.0868.

[/JUSTIFY]

 

[SOLIDECN]

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

If the assumption is correct, after the end of the correction, the GBP/USD pair will grow to the levels of 1.3148–1.3311. In this scenario, critical stop loss level is 1.2323.

 

[SOLIDECN]

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

If the assumption is correct, after the end of the correction the price will fall to the levels of 100 – 50. In this scenario, critical stop loss level is 240.2.

 

[SOLIDECN]

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 forming, within which the wave (i) of iii has formed, and a local correction is ending to develop as the wave (ii) of iii.

If the assumption is correct, the USDCAD pair will grow to the levels of 1.3200–1.3410. In this scenario, critical stop loss level is 1.2417.