Elliot Wave Analysis by SolidECN Experts

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PayPal - The price may grow.​

On the daily chart, the upward wave of the higher level А formed, and a downward correction forms as the wave B. Now, the wave (А) of B has formed, within which the fifth wave of the lower level 5 of (A) has ended, and an upward correction is starting to develop as the wave (B) of B.

If the assumption is correct, after the end of the local correction as the wave (B) of B, the price of the asset will grow to the levels of 158.6 – 186.7. In this scenario, critical stop loss level is 67.4.

 

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Bank of America - The price is in a correction and may grow.

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 developed, within which the fifth wave of the lower level 5 of (А) has formed, and a local correction is developing as the wave (B) of 2, within which, the upward wave C of (B) has developed.

If the assumption is correct, after the end of the correction, the price of the asset will grow to the levels of 39.3 – 41.45. In this scenario, critical stop loss level is 29.6.

 

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JPMorgan Chase - Growth is possible.​

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 has formed, within which the fifth wave of the lower level 5 of (А) is developing, and the development of the wave (B) of 4 has started.

If the assumption is correct, the price of the asset will grow within the wave (B) of 4 to the levels of 131.55 – 139.45. In this scenario, critical stop loss level is 105.97.

 

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AUD USD - 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, 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 ending as the fourth wave iv of C.

If the assumption is correct, the AUDUSD pair will fall to the levels of 0.66–0.645. In this scenario, critical stop loss level is 0.7273.

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NZDUSD - A fall is possible.​

On the daily chart, the upward wave of the higher level (А) of B appeared, and a downward correction develops as the wave (B) of B, within which the wave C of (B) develops. Now, the fifth wave v of C is forming, within which the wave (iii) of v has ended, and a local correction has ended as the wave (iv) of v.

If the assumption is correct, the NZDUSD pair will fall to the levels of 0.5910 – 0.5800. In this scenario, critical stop loss level is 0.6398.

 

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IBM - The price may grow.​

On the daily chart, the first wave of the higher level (1) forms, 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 appeared, and a local correction has ended as the wave (ii) of iii.

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 118.65.

 

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USDCAD - Growth is possible.​

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 (iii) of iii is appearing.

If the assumption is correct, the USDCAD pair will grow to the area of 1.341–1.37. In this scenario, critical stop loss level is 1.2521.

 

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USDCHF - Growth is possible.​

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 ended as the fourth wave iv of 3. Now, the fifth wave v of 3 is developing, within which the first wave of the lower level (i) of v has appeared, and a local correction has ended as the wave (ii) of v.

If the assumption is correct, the USDCHF pair will grow to the area of 1.02 – 1.035. In this scenario, critical stop loss level is 0.949.

 

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American Express - Growth is possible.

On the daily chart, the fifth wave of the higher level (5) develops, within which the wave 3 of (5) formed, and the fourth wave 4 of (5) developed. Now, the development of the fifth wave 5 of (5) has started, within which the first wave of the lower level (i) of i of 5 is forming.

If the assumption is correct, the price of the asset will grow to the area of 171.15–199.25. In this scenario, critical stop loss level is 133.9.

 

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Boeing - The price is in a correction, 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) forms. Now, the wave of the lower level iii of 3 has appeared, and a local correction has developed as the wave iv of 3.

If the assumption is correct, the price of the asset will fall to the area of 89.41–50. In this scenario, critical stop loss level is 180.7.

 

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Gold - 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, the wave of the lower level (iii) of v of C has appeared, and the development of the correctional wave (iv) of v of C is ending.

If the assumption is correct, the XAUUSD pair will fall to the area of 1621.9 – 1515.1. In this scenario, critical stop loss level is 1792.2.

 

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Crude Oil - A fall is possible​

On the daily chart, the first wave of the higher level 1 of (1) of C formed, 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 is developing, within which the wave iv of (iii) and the wave v of (iii) are forming.

If the assumption is correct, Crude Oil price will fall to the levels 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. Now, the formation of the third wave (3) has started, within which the first entry wave of the lower level (i) of i of 1 of (3) is forming.

If the assumption is correct, the XAGUSD pair will grow to the levels of 21.55–22.47. In this scenario, critical stop loss level is 18.27.

 

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Walt Disney - Growth is possible.

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 appeared. Now, the upward correctional wave of the lower level (B) of B has formed.

If the assumption is correct, the price of the asset will grow to the levels of 132.05 – 146.05. In this scenario, critical stop loss level is 89.7.

 

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EURUSD - Growth is possible.​

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

If the assumption is correct, the EURUSD pair will grow to the levels of 1.0612–1.0787. In this scenario, critical stop loss level is 1.0082.

 

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GBPUSD - The pair may grow.​

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

If the assumption is correct, the GBPUSD pair will grow to the levels of 1.2495 – 1.2674. In this scenario, critical stop loss level is 1.1892.

 

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MasterCard - A fall is possible​

On the daily chart, the third wave of the higher level (3) ended, and a downward correction forms as the fourth wave (4), within which the wave A of (4) develops. Now, the third wave iii of A is developing, within which the wave of the lower level (iii) of iii is forming.

If the assumption is correct, the price of the asset will fall to the levels of 256.65 – 211.4. In this scenario, critical stop loss level is 367.5.

 

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Visa - 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 forms as the fourth wave (4). Now, the wave A of (4) has formed, and the wave B of (4) is developing, within which the wave a of B has formed.

If the assumption is correct, after the end of the wave b of B the price will grow to the levels of 226.95 – 236.61. In this scenario, critical stop loss level is 185.7.

 

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USDCAD - Growth in possible.​

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 (iii) of iii is forming.

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 1.2521.

 

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USDCHF - Growth in possible.​

On the daily chart, the third wave of the higher level 3 of (3) develops, within which the wave iii of 3 formed. Now, a correction has ended as the fourth wave iv of 3, within which the wave (c) of iv has developed, and the development of the fifth wave v of 3 is starting.

If the assumption is correct, the USDCHF pair will grow to the levels of 1.02 – 1.035. In this scenario, critical stop loss level is 0.9468.