Only Elliot Wave Analysis - SolidECN

[SOLID ECN LLC]

Nvidia - The price is in correction; the probability of growth is maintained.

On the daily chart, the downward correction of the higher level continues as wave (B), within which wave C of (B) is being formed. At the moment, the third wave of the lower level iii of C has already been built, and there is also a local correction as the fourth wave iv of C, in which wave (c) of iv began to develop.

If the assumption is correct, the price will rise to the levels of 207.45–222.45. The level of 141.81 is critical and stop-loss for this scenario.

 

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Alphabet - The possibility of growth remains.

On the daily chart, the third wave of the higher level (3) is formed, the development of the downward correction as the fourth wave (4) is completed, and the formation of the fifth wave (5) has begun. At the moment, the first wave of the lower level 1 of (5) is developing, in which wave i of 1 appeared and the local correction as wave ii of 1 ended, and the construction of wave iii of 1 is also observed.

If the assumption is correct, one may expect the growth of the price of the asset to 160.69–143.9. The level of 102.01 is critical and stop-loss for this scenario.​

 

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USDCAD - The pair may grow

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 formation of the third wave of the lower level iii of 3 continues, in which wave (i) of iii has already appeared, the local correction as wave (ii) of iii has ended and the formation of wave (iii) of iii continues.

If the assumption is correct, USDCAD will rise to the levels of 1.341–1.37. The level of 1.2815 is critical and stop-loss for this scenario.

 

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USDCHF - The possibility of growth remains.

On the daily chart, the development of the third wave of the higher level 3 of (3) continues, in which wave iii of 3 formed and the correction ended as the fourth wave iv of 3. At the moment, the construction of the fifth wave v of 3 is underway, in which the first wave of the lower level (i) of v has already appeared, and the development of a local correction as a wave (ii) of v is also being completed.

If the assumption is correct, USDCHF will rise to the levels of 1.02–1.035. The level of 0.949 is critical and stop-loss for this scenario.

 

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Visa - The price is in correction, the probability of growth is maintained.

On the daily chart, the development of the third wave of the higher level (3) was completed and a downward correction as the fourth wave (4) began. By now, wave A of (4) has already appeared and the construction of wave B of (4) is observed, in which wave a of B is formed.

If the assumption is correct, one may expect the growth of the price of the asset to 226.95–236.61. The level of 185.70 is critical and stop-loss for this scenario.

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AUDUSD - The probability of decline remains.

On the daily chart, the development of the first wave of the higher level (1) of C has completed, and now there is a downward correction as wave (2) of C, which includes the formation of wave C of (2). At the moment, the development of the third wave of the lower level iii of C has completed and a local correction is being formed as the fourth wave iv of C.

If the assumption is correct, AUDUSD will fall to the levels of 0.6446–0.6082. The level of 0.7273 is critical and stop-loss for this scenario.

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Amazon - The possibility of growth remains.

On the daily chart, the third wave of the higher level (3) has formed and the development of a downward correction as the fourth wave (4) is complete. At the moment, the construction of the fifth wave (5) is observed, in which the first leading wave of the lower level i of 1 of (5) has already appeared, the local correction as wave ii of 1 has completed and wave iii of 1 is developing.

If the assumption is correct, the price will rise to the levels of 171.15−188.15. The level of 102.20 is critical and stop-loss for this scenario.

 

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Alibaba Group - The possibility of growth remains.

On the daily chart, the ascending first wave of the higher level 1 has been formed, the development of the downward correction as wave 2 has completed, and the formation of the third wave 3 has also begun. At the moment, the first wave of the lower level 1 of (1) of 3 is developing, in which the wave iii of 1 has already been identified, as well as the corrective wave iv of 1.

If the assumption is correct, the price will rise to the levels of 160.9−182.6. The level of 80.35 is critical and stop-loss for this scenario.

 

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McDonald’s - The price can rise.​

On the daily chart, the development of the fifth wave of the higher level (5) continues, in which wave 3 of (5) is observed, the downward correction ended as the fourth wave 4 of (5) and the fifth wave 5 of (5) is developing. At the moment, the first wave of the lower level i of 5 has appeared, the correction as the second wave ii of 5 has completed, and wave iii of 5 is developing, in which wave (iii) of iii is being formed.

If the assumption is correct, the price will rise to the levels of 280–295. The level of 231.85 is critical and stop-loss for this scenario.

 

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Altria Group - The price is in correction, the probability of growth is maintained.

On the daily chart, the development of the first wave of the higher level (1) has completed and a downward correction is observed as the second wave (2). At the moment, wave А of (2) has formed, within which the fifth wave of the lower level v of A has completed, and the development of an upward correction as wave B of (2) has also begun.

If the assumption is correct, the asset quotes will continue the uptrend to the levels of 47.15 - 49.1. The level of 40.80 is critical and stop-loss for this scenario.