Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Elliott Wave Analysis by EWF
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Elliottwave-Forecast, post: 219117, member: 40858"] Bank of Montreal (BMO) provides diversified financial services primarily in North America. The company’s personal banking products & services include checking & savings accounts, credit cards, mortgages, financial & investment advice services & commercial banking products & services. It is based in Montreal, Canada, comes under Financial services sector & trades as “BMO” at NYSE. BMO favors correcting lower in wave II as shown from Previous article. It expects to unfold in double correction rather than zigzag expected previously, which missed the equal leg areas. It needs to breaks below $81.57 low to confirm the sequence in ((Y)) leg of II. [HEADING=3]BMO - Elliott Wave Latest Weekly View: [URL='https://elliottwave-forecast.com/wp-content/uploads/2023/04/BMO-W23.jpg'][IMG]https://elliottwave-forecast.com/wp-content/uploads/2023/04/BMO-W23-1024x525.jpg[/IMG][/URL][/HEADING] Above March-2020 low, it placed ((1)) at $55.34 high & ((2)) at $43.26 low as 0.618 Fibonacci retracement. Above there, it started third wave extension & ((3)) ended at $106.88 high. It favored ended ((4)) at $95.37 low as shallow correction. It finally ended ((5)) as ending diagonal at $122.77 as ATH on 3/22/2022 as wave I impulse. Below there, it is correcting lower in II as double correction, which confirms with new low below $81.57 as ((Y)) leg. [HEADING=3]BMO - Elliott Wave Latest Daily View: [URL='https://elliottwave-forecast.com/wp-content/uploads/2023/04/BMO-D23.jpg'][IMG]https://elliottwave-forecast.com/wp-content/uploads/2023/04/BMO-D23-1024x525.jpg[/IMG][/URL][/HEADING] Below wave I high, it placed ((W)) at $81.57 low on 10/13/2022. Later, it bounced off in ((X)) connector as 3 swing structure ended at $102.79 high on 2/09/2023. Currently, it favors lower in (A) of ((Y)) leg. It ended 1 of (A) at $82.25 low & favors a bounce in wave 2. Later it should resumes lower in 3 of (A), which confirms, when breaks below wave 1 low. It expects (A) to find support between $77.31 - $71.29 area before a bounce in (B) leg followed by (C) leg down. Buyers expect to enter the market below $61.50 or lower levels in (C) of ((Y)) leg, which should hold above $38.31 low to resume upside either in III or at least 3 swing bounce. Source: [URL]https://elliottwave-forecast.com/stock-market/bank-of-montreal-bmo-favors-correcting-lower/[/URL] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…