Elliot Wave Analysis by SolidECN Experts

[Solid ECN]

AUDUSD, the pair may fall.
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 wave c of B has formed.

If the assumption is correct, the pair will fall to the levels of 0.6742 - 0.6446. In this scenario, critical stop loss level is 0.8.

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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 wave (c) of ii has formed.

If the assumption is correct, the pair will fall to the levels of 0.6466 - 0.6224. In this scenario, critical stop loss level is 0.7227.

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IBM Corp, the price may grow.
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 wave iii of 5 is developing.

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.

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JPMorgan, the price is in a correction, a fall is possible.
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 is developing as the wave (B) of 4.

If the assumption is correct, after the end of the correction, the price will fall within the wave (C) of 4 to the levels of 118 - 101. In this scenario, critical stop loss level is 155.9.​

 

[Solid ECN]

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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 has ended as the second wave ii of 3.



If the assumption is correct, the pair will grow within the wave iii of 3 to the levels of 1.32 - 1.341. In this scenario, critical stop loss level is 1.2269.​

 

[SOLIDECN]

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

If the assumption is correct, the pair will grow to the levels of 0.9490 - 0.9667. In this scenario, critical stop loss level is 0.9193.

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[SOLIDECN]

American Express, 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, the wave b of 4 has ended, and the development of the wave c of 4 has started.

If the assumption is correct, the price will fall to the levels of 144.62 - 131.35. In this scenario, critical stop loss level is 194.7.​

 

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

If the assumption is correct, the price will fall to the levels of 38 - 31.5. In this scenario, critical stop loss level is 52.6.​

 

[Solid ECN]

AT&T Inc, the price is in a correction and may grow.​

On the daily chart, the third downward wave of the higher level 3 of (C) develops, within which the wave iii of 3 formed. Now, a local correction is developing as the fourth wave iv of 3, within which the wave (b) of iv has ended, and the wave (c) of iv is developing.

If the assumption is correct, the price will grow to the levels of $28 - $29.38. In this scenario, critical stop loss level is $22.56.​

 

[Solid ECN]

The Walt Disney 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 a local correction has ended as the wave ii of 5, and the third wave iii of 5 is developing.

If the assumption is correct, the price will fall to the levels of $102.55 - $80. In this scenario, critical stop loss level is $144.4.

 

[Solid ECN]

On the daily chart, the wave A of the higher level formed, and a downward correction started to form 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, within which the wave A of (B) is forming.

If the assumption is correct, the price will grow to the levels of 469.77 - 514.17. In this scenario, critical stop loss level is 326.65.

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[Solid ECN]

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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, and the local correction (ii) of i of 3 has ended.

If the assumption is correct, the pair will grow to the levels of 1.1483 - 1.169. In this scenario, critical stop loss level is 1.0798.

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[Solid ECN]

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

On the daily chart, a downward correction develops as the wave (2), within which the wave and of (2) formed, a local correction developed as the wave B of (2), and the wave C of (2) develops. Now, the fifth wave of the lower level v of C is forming.

If the assumption is correct, the pair will fall to the levels of 1.2833 - 1.25. In this scenario, critical stop loss level is 1.3301.

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[Solid ECN]

USDCAD, the price may grow​

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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, a local correction has ended as the second wave ii of 3, and the development of the third wave iii of 3 has started.

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 1.2401.

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[Solid ECN]

Visa Inc, the price may fall.

On the daily chart, the third wave of the higher level (3) developed, and a downward correction forms as the fourth wave (4). Now, the wave A of (4) is developing, within which the third wave of the lower level iii of А has formed, and the wave iv of A has developed.

If the assumption is correct, the price will fall to the levels of 178.37 - 135.65. In this scenario, critical stop loss level is 230.11.​

 

[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 fifth wave of the lower level v of C is developing, within which the wave (v) of v is forming.

If the assumption is correct, the pair will grow to the levels of 0.9490–0.9667. In this scenario, critical stop loss level is 0.9193.​

 

[Solid ECN]

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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. Now, the wave of the lower level and of (2) has formed, the wave B of (2) has developed, and the formation of the wave C of (2) has started.

If the assumption is correct, the pair will fall to the levels of 0.6742 - 0.6446. In this scenario, critical stop loss level is 0.7663.

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[Solid ECN]

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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 has developed as the second wave of the lower level ii of C, and the formation of the third wave iii of C has started.

If the assumption is correct, the pair will fall to the levels of 0.6466 - 0.6224. In this scenario, critical stop loss level is 0.7035.

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[Solid ECN]

Amazon Inc, the price may grow.​

On the daily chart, the upward third wave of the higher level (3) formed, and a downward correction developed as the fourth wave (4). Now, the formation of the fifth wave (5) has started, within which the first wave of the lower level 1 of (5) has formed, and a local correction is ending to develop as the wave 2 of (5).

If the assumption is correct, after the end of the correction, the price will grow to the levels of 3759 - 4000. In this scenario, critical stop loss level is 2665.51.​

 

[Solid ECN]

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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 has formed.

If the assumption is correct, after the end of the local correction as the fourth wave (iv) v the pair will grow to the levels of 128.5 - 130. In this scenario, critical stop loss level is 121.8.

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[Solid ECN]

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On the daily chart, the first wave of the higher level 1 of (3) formed, and a downward correction ends to develop as the second wave 2 of (3), within which the wave c of 2 ends. Now, the fifth wave of the lower level (v) of c of 2 is developing, within which the wave v of (v) of c is ending.

If the assumption is correct, after the end of the correction, the pair will grow to the levels of 1.1485 - 1.169. In this scenario, critical stop loss level is 1.063.

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[Solid ECN]

On the daily chart, a downward correction develops as the wave (2), within which the wave and of (2) formed, a local correction developed as the wave B of (2), and the wave C of (2) develops. Now, the fifth wave of the lower level v of C has formed, within which the wave (iv) of C has ended.

If the assumption is correct, the pair will fall within the wave (v) of C to the levels of 1.2833 - 1.25. In this scenario, critical stop loss level is 1.3301.

 

[Solid ECN]

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

If the assumption is correct, the price will grow to the levels of 27.5 - 28.5. In this scenario, critical stop loss level is 24.09.