Elliot Wave Analysis by SolidECN Experts

SOLIDECN

Master Trader
Nov 16, 2021
3,292
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Nvidia - A fall is possible.​

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 appeared, a local correction has ended as the fourth wave iv of C, and the fifth wave v of C started.

If the assumption is correct, the price of the asset will fall to the area of 100 – 50. In this scenario, critical stop loss level is 192.6.

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SOLIDECN

Master Trader
Nov 16, 2021
3,292
22
54
39

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 has ended as the wave (ii) of i of 3.

If the assumption is correct, the USDCAD pair will fall to the area of 1.2374 – 1.201. In this scenario, critical stop loss level is 1.3224.

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SOLIDECN

Master Trader
Nov 16, 2021
3,292
22
54
39

USDCHF - A fall is possible.​

On the daily chart, the fifth downward 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 ending as the second wave 2 of (1), within which the wave c of 2 is forming.

If the assumption is correct, after the end of the correction, the USDCHF pair will fall to the area of 0.92 – 0.8916. In this scenario, critical stop loss level is 0.9889.

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SOLIDECN

Master Trader
Nov 16, 2021
3,292
22
54
39
AUDUSD - A fall is possible.

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

If the assumption is correct, the AUDUSD pair will fall to the area of 0.66 – 0.645. In this scenario, critical stop loss level is 0.701.


AUDUSD - A fall is possible.

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

If the assumption is correct, the AUDUSD pair will fall to the area of 0.66 – 0.645. In this scenario, critical stop loss level is 0.701.

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SOLIDECN

Master Trader
Nov 16, 2021
3,292
22
54
39

USDJPY - Growth 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 and a downward correction ended as the fourth wave iv of 3. Now, the fifth wave v of 3 is forming, within which the first wave of the lower level (i) of v has developed.

If the assumption is correct, after the end of the local correction (ii) of v the USDJPY pair will grow to the area of 145 – 150. In this scenario, critical stop loss level is 135.

usdjpy.png
 

SOLIDECN

Master Trader
Nov 16, 2021
3,292
22
54
39

Silver - 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 fifth wave of the lower level v of C of (2) is developing, within which the wave (iii) of v is forming.

If the assumption is correct, the pair XAGUSD will fall to the area of 15.8 – 14.5. In this scenario, critical stop loss level is 20.91.

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SOLIDECN

Master Trader
Nov 16, 2021
3,292
22
54
39

EURUSD - A fall is possible.​

On the daily chart, the fifth downward wave of the higher level (5) of А forms, within which the wave 5 of (5) forms. Now, the fifth wave of the lower level v of 5 of (5) is developing, within which the wave (i) of v of 5 has formed and a local correction is ending as the wave (ii) of v of 5.

If the assumption is correct, the EURUSD pair will fall to the area of 0.947 – 0.93. In this scenario, critical stop loss level is 0.9997.

eurusd.png
 

SOLIDECN

Master Trader
Nov 16, 2021
3,292
22
54
39

GBPUSD - A fall is possible.​

On the daily chart, the downward fifth wave of the higher level V of (V) develops, within which the wave (5) of V forms. Now, the third wave of the lower level 3 of (5) has formed, a local correction has ended as the fourth wave 4 of (5), and the development of the wave 5 of (5) has started, within which the wave iii of 5 is forming.

If the assumption is correct, the pair GBPUSD will fall to the area of 1.02 – 1. In this scenario, critical stop loss level is 1.1501.

gbpusd.png
 

SOLIDECN

Master Trader
Nov 16, 2021
3,292
22
54
39

Nvidia - A fall is possible.​

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

If the assumption is correct, the price of the asset will fall to the area of 100 – 70. In this scenario, critical stop loss level is 136.10.

nvda.png
 

SOLIDECN

Master Trader
Nov 16, 2021
3,292
22
54
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USDCAD - The pair is in a correction and may grow.​

On the daily chart, the upward fifth wave of the higher level 5 develops, within which the wave (1) of 5 formed, the correctional wave (2) of 5 ended, and the wave (3) of 5 forms. Now, the third wave of the lower level 3 of (3) has formed, and a local correction is developing as the fourth wave 4 of (3).

If the assumption is correct, the USDCAD pair will grow to the area of 1.43 – 1.45. In this scenario, critical stop loss level is 1.35.

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SOLIDECN

Master Trader
Nov 16, 2021
3,292
22
54
39

USDCHF - Growth is possible.​

On the daily chart, the first upward wave of the higher level (1) of 3 develops, within which the wave 5 of (1) forms. Now, the third wave of the lower level iii of 5 is developing, within which a local correction is developing as the wave (iv) of iii.

If the assumption is correct, the USDCHF pair will grow to the area of 1.02 – 1.03. In this scenario, critical stop loss level is 0.9908.

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SOLIDECN

Master Trader
Nov 16, 2021
3,292
22
54
39

Master Card - Growth is possible.​

On the daily chart, the third wave of the higher level (3) formed, and a downward correction developed as the fourth wave (4), within which the wave C of (4) formed as a momentum. Now, the development of the fifth wave (5) is starting, within which the first entry wave of the lower level i of 1 of (5) is forming.

If the assumption is correct, the asset will grow to the area of 361.86 – 401. In this scenario, critical stop loss level is 277.

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SOLIDECN

Master Trader
Nov 16, 2021
3,292
22
54
39

AUDUSD - The pair is in a correction, a fall is possible.​

On the daily chart, the first wave of the higher level (1) developed, and a downward correction forms 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 forming, the wave (iii) of iii has formed, and a local correction is ending as the wave (iv) of iii.

If the assumption is correct, the AUDUSD pair will fall to the area of 0.6091 – 0.59. In this scenario, critical stop loss level is 0.6682.

audusd.png
 

SOLIDECN

Master Trader
Nov 16, 2021
3,292
22
54
39

NZDUSD - The pair may grow.​

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

If the assumption is correct, the NZDUSD pair will grow to the area of 0.6166 – 0.6465. In this scenario, critical stop loss level is 0.5520.

nzdusd.png
 

SOLIDECN

Master Trader
Nov 16, 2021
3,292
22
54
39
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USDJPY - The pair is in a correction; a fall is possible.​

On the daily chart, the third wave of the higher level 3 developed, within which the fifth wave of the lower level v of 3 formed. Now, a downward correction has started as the fourth wave 4, within which the wave of the lower level a of 4 is developing.

If the assumption is correct, the USDJPY pair will fall to the area of 140.13–136.82. In this scenario, critical stop loss level is 151.76.

usdjpy.png
 

SOLIDECN

Master Trader
Nov 16, 2021
3,292
22
54
39

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

If the assumption is correct, the XAUUSD pair will grow to the area of 1808.78–1861.3. In this scenario, critical stop loss level is 1616.73.

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SOLIDECN

Master Trader
Nov 16, 2021
3,292
22
54
39

McDonald’s - Growth is possible.​

On the daily chart, the fifth wave of the higher level (5) develops, within which the wave 1 of (5) formed, and a downward correction ended as the second wave 2 of (5), shaped as double triple w-x-y. Now, the development the third wave 3 of (5) has started, within which the first entry wave of the lower level (i) of i of 3 is developing.

If the assumption is correct, the asset will grow to the area of 280 – 295. In this scenario, critical stop loss level is 231.04.

mcd.png
 

SOLIDECN

Master Trader
Nov 16, 2021
3,292
22
54
39

USDJPY - The pair is in a correction; a fall is possible.​

On the daily chart, the third wave of the higher level 3 ended, and a downward correction started as the fourth wave 4. Now, the wave of the lower level a of 4 is developing, within which a local correction is ending as the wave (iv) of a.

If the assumption is correct, the USDJPY pair will fall to the area of 140.13 – 136.82. In this scenario, critical stop loss level is 151.76.

usdjpy.png
 

SOLIDECN

Master Trader
Nov 16, 2021
3,292
22
54
39

Silver - Growth is possible.​

On the daily chart, a downward correction of the higher level ended as the second 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 the wave (iii) of I has formed, a local correction has ended as the wave (iv) of i, and the wave (v) of I is developing.

If the assumption is correct, the XAGUSD pair will grow to the area of 21.2 – 22.47. In this scenario, critical stop loss level is 18.22.

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SOLIDECN

Master Trader
Nov 16, 2021
3,292
22
54
39

Bank of America - The price 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 second wave 2, within which the wave (А) of 2 formed, and a local correction is ending to develop as the wave (B) of 2. Now, the wave C of (B) is developing.

If the assumption is correct, the price will fall to the area of 26.32 – 20.82. In this scenario, critical stop loss level is 42.27.

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