Elliot Wave Analysis by SolidECN Experts

SOLIDECN

Active Trader
Nov 16, 2021
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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

Active Trader
Nov 16, 2021
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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

Active Trader
Nov 16, 2021
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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

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Nov 16, 2021
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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

Active Trader
Nov 16, 2021
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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.

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SOLIDECN

Active Trader
Nov 16, 2021
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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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