Elliot Wave Analysis by Solid ECN

[SOLIDECN]

On the daily chart, there is a downward correction as wave (2), within which wave A of (2) has formed, the development of a local correction as wave B of (2) has completed, and wave C of (2) is developing. At the moment, the fifth wave of the lower level v of C is forming, as part of which wave (iii) of C is developing.

If the assumption is correct, the decrease in GBPUSD will continue to the levels of 1.2500–1.2243. The level of 1.3081 is critical and stop-loss for this scenario.

 

[SOLIDECN]

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 third wave iii of 3 is developing, within which the wave (iii) of iii is forming.

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 1.2455.

[/JUSTIFY]

 

[SOLIDECN]

On the daily chart, the first downward wave of the higher level (1) of 3 formed, and the development of an upward correction as the second wave (2) of 3 ends. Now, the formation of the wave C of (2) is ending, within which the fifth wave of the lower level v of C has almost ended.

If the assumption is correct, after the end of the correction, the pair will fall within the wave (3) to the levels of 0.9014 - 0.8916. In this scenario, critical stop loss level is 0.9666.

 

[SOLIDECN]

On the daily chart, the development of the first wave of the higher level (1) of C has completed and a downward correction as wave (2) of C continues to be formed. At the moment, the wave of the lower level A of (2) is clearly observed; in addition, the development of wave B of (2) has ended and the formation of wave C of (2) has begun, in which wave i of C develops
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If the assumption is correct, the pair will fall to the levels of 0.6742–0.6446. The level of 0.7653 is critical and stop-loss for this scenario.

 

[SOLIDECN]

On the daily chart, the third wave of the higher level 3 of (1) is developing, within which the fifth wave v of 3 is developing. At the moment, the third wave of the lower level (iii) of v has been built, the correctional wave (iv) of v has completed and the wave (v) of v is developing.

If the assumption is correct, USDJPY will continue its uptrend towards 135 - 138.5. The level of 126.82 is critical and stop-loss for this scenario.

 

[SOLIDECN]

On the daily chart, there is a global downward correction, in which the wave of the higher level (C) of B is formed and the wave 1 of (C) develops. At the moment, the formation of the fifth wave of the lower level v of 1 of (C) is underway, within which the wave (v) of v of 1 is developing.

If the assumption is correct, the decrease in EURUSD will continue to the levels of 1.035 - 1.025. The level of 1.0941 is critical and stop-loss for this scenario.

 

[SOLIDECN]

On the daily chart, there is a downward correction as wave (2), within which wave A of (2) has formed, the development of a local correction as wave B of (2) has completed, and wave C of (2) is developing. At the moment, the fifth wave of the lower level v of C is developing, in which wave (iii) of C has formed.

If the assumption is correct, the decrease in GBPUSD will continue to the levels of 1.2243 - 1.2081. The level of 1.2867 is critical and stop-loss for this scenario.

 

[SOLIDECN]

The price may rise.
On the daily chart, the third wave of the higher level 3 of (1) is being constructed, within which the fifth wave v of 3 is developing. At the moment, the third wave of the lower level (iii) of v has been formed, the correctional wave (iv) of v has completed and the wave (v) of v is developing.

If the assumption is correct, USDJPY will continue its uptrend towards 135 - 138.5. The level of 126.82 is critical and stop-loss for this scenario.

 

[SOLIDECN]

The price may rise.​

On the daily chart, the ascending wave of the higher level A was formed and the downward correction as wave B is developing. At the moment, the formation of wave (A) of B in the form of an impetus has completed, in which the fifth wave of the lower level 5 of (A) has completed.

If the assumption is correct, the movement of quotations in the wave (B) of B to the levels of 194.9 - 221.27 is likely. The level of 81.5 is critical and stop-loss for this scenario.

 

[SOLIDECN]

Bank of America, the price may fall.​

On the daily chart, the formation of the first wave of the higher level 1 has completed and a downward correction is developing as the second wave 2. At the moment, the formation of the wave (A) of 2 continues, in which the fifth wave of the lower level 5 of (A) develops.

If the assumption is right, the fall of the pair will continue to the levels of 32 - 26.32. The level of 40.3 is critical and stop-loss for this scenario.

 

[SOLIDECN]

The probability of the pair reduction remains.
On the daily chart, the development of the first wave of the higher level (1) of C has completed and a downward correction as wave (2) of C continues to be formed. At the moment, the wave of the lower level A of (2) is clearly observed; in addition, the development of wave B of (2) has ended and wave C of (2) is forming, in which wave i of C is developing.

If the assumption is correct, the pair will fall to the levels of 0.6742 - 0.6446. The level of 0.7456 is critical and stop-loss for this scenario.

 

[SOLIDECN]

On the daily chart, the first wave of the higher level (1) of 5 is formed, within which the wave 3 of (1) develops. At the moment, the first wave of the lower level i of 3 has formed, the local correction as the second wave ii of 3 has completed and the third wave iii of 3 is developing, in which wave (iii) of iii is being formed.

If the assumption is correct, USDCAD will rise to the levels of 1.32 - 1.341. The level of 1.2455 is critical and stop-loss for this scenario.

[/JUSTIFY]

 

[SOLIDECN]

On the daily chart, a descending first wave of the higher level (1) of 3 has formed and the upward correction continues to develop as the second wave (2) of 3; wave C of (2) is being formed, in which the third wave of the lower level iii of C is developing.

If the assumption is correct, the growth of USDCHF will continue to the levels of 0.99 - 1.0029. The level of 0.9593 is critical and stop-loss for this scenario.

 

[SOLIDECN]

Intel Corp, the price may fall.

On the daily chart, the downward correction of the higher level continues to develop as the second wave (2), within which wave C of (2) is being formed. At the moment, the third wave of the lower level iii of C is developing, in which the local correction as wave (ii) of iii has completed and the formation of wave (iii) of iii continues.

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

 

[SOLIDECN]

The Walt Disney , a fall 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 develops. Now, the fifth wave of the lower level 5 of (А) is forming, within which the development of the third wave iii of 5 is ending.

If the assumption is correct, the price will fall to the levels of 95 - 80. In this scenario, critical stop loss level is 130.2.

 

[SOLIDECN]

On the daily chart, the upward wave C forms, within which the first wave 1 of (1) of C developed, and a downward correction form as the second wave 2 of (1) of C. Now, the wave of the lower level a of 2 is developing, within which the correctional wave (iv) of a is ending its formation.

If the assumption is correct, after the end of the correction, the price will fall within the wave (v) of a to the levels of 82.3 - 67. In this scenario, critical stop loss level is 118.38.

 

[SOLIDECN]

Netflix, the price may fall.​

On the daily chart, the wave A of the higher level formed, and a downward correction develops as the wave B. Now, the wave (А) of B has formed, the correction (B) of B has developed, and the wave (C) of B is forming, within which the development of the fifth wave of the lower level 5 of (C) has started.

If the assumption is correct, the price will fall to the levels of 132.95 - 80.22. In this scenario, critical stop loss level is 206.31.

 

[SOLIDECN]

On the daily chart, a global downward correction develops, within which the wave of the higher level (C) of B forms, and the fifth wave v of (C) develops. Now, the fifth wave of the lower level (v) of v of (C) is forming, within which the wave v of (v) of v is developing.

If the assumption is correct, the EURUSD pair will fall to the levels of 1.035 - 1.025. In this scenario, critical stop loss level is 1.0704.

 

[SOLIDECN]

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 developing.

If the assumption is correct, the GBP/USD pair will fall to the levels of 1.2081 - 1.195. In this scenario, critical stop loss level is 1.2642.

 

[SOLIDECN]

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 third wave iii of 3 is developing, within which the wave (iii) of iii is forming.

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 1.2709.