Elliot Wave Analysis Only - By SolidECN

Crude Oil - The price may fall.

If the assumption is correct, Brent Crude Oil price will fall to the levels of 77.08–62.5. In this scenario, critical stop loss level is 109.83.

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XAUUSD - The pair is in a correction, a fall is possible.

On the daily chart, a downward correction develops as the fourth wave of the higher level (4), within which the wave C of (4) forms. Now, the fifth wave v of C is developing, within which the third wave of the lower level (iii) of v of C is ending the formation.

If the assumption is correct, after the end of the correctional wave (iv) of v of C, the XAUUSD pair will fall to the levels of 1681.1–1621.9. In this scenario, critical stop loss level is 1811.8.

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Intel - 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 (iii) of iii is ending.

If the assumption is correct, after the end of the local correction (iv) of iii the price will fall to the levels of 31.5 – 24.4. In this scenario, critical stop loss level is 44.86.

Crude Oil - The probability of decline remains.

On the daily chart, the formation of the first wave of the higher level 1 of (1) of C has completed, and a downward correction is observed as the second wave 2 of (1) of C, in which the wave of the lower level a of 2 is developing. At the moment, the wave (i) of a has already been formed, the correctional wave (ii) of a has completed, and the third wave of the lower level (iii) of a is also developing.

If the assumption is correct, the price of WTI Crude Oil will fall to 82.3 – 67. The level of 105.93 is critical and stop-loss for this scenario.

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Crude Oil - The probability of decline remains

On the daily chart, the formation of the first wave of the higher level 1 of (1) of C has completed, and a downward correction is observed as the second wave 2 of (1) of C, in which the wave of the lower level a of 2 is developing. At the moment, the wave (i) of a has already been formed, the correctional wave (ii) of a has completed, and the third wave of the lower level (iii) of a is also developing.

If the assumption is correct, the price of WTI Crude Oil will fall to 82.3 – 67. The level of 105.93 is critical and stop-loss for this scenario.

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Silver - The probability of decline remains.

On the daily chart, there is a downward correction of the higher level as the second wave (2), in which wave C of (2) is formed. At the moment, the fifth wave v of C is developing, which includes wave (v) of v.

If the assumption is correct, XAGUSD will fall to the levels of 17.2 – 15.77. The level of 19.44 is critical and stop-loss for this scenario.

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Netflix - The possibility of growth remains.

On the daily chart, wave A of the higher level has formed, and the development of a downward correction as wave B has also completed. At the moment, wave C is being built, where the first leading wave of the lower level 1 of (1) of C has already appeared, the local correction as wave 2 of (1) of C has been completed, and the development of the third wave 3 of (1) of C has begun.

If the assumption is correct, the price will rise to the levels of 326.97 – 397. The level of 163.03 is critical and stop-loss for this scenario.

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Walt Disney - The probability of decline remains.

On the daily chart, the development of wave A of the higher level has completed, and now there is a downward correction as wave B with the formation of wave (A) of B. In addition, the fifth wave of the lower level 5 of (A) is being formed, within which the wave of the third wave v of 5 is developing.

If the assumption is correct, the price will fall to the levels of 80 – 62.5. The level of 113.45 is critical and stop-loss for this scenario.

EURUSD - The possibility of growth remains.

On the daily chart, the development of the downward correction of the higher level as wave (B) has completed, in which the wave C of (B) has formed, and the fifth wave of the lower level (v) of v of B has also appeared and the formation of the upward wave of the higher level (B) has begun.

If the assumption is correct, EUR/USD will rise to the levels of 1.0612–1.0787. The level of 0.9944 is critical and stop-loss for this scenario.

GBPUSD - The possibility of growth remains.

On the daily chart, the first wave of the higher level (1) has been formed and the downward correction as the second wave (2) has ended. At the moment, the wave C of (2) has developed, in which the fifth wave of the lower level v of C is built, and the formation of the ascending third wave (3) has begun.

If the assumption is correct, GBPUSD will rise to the levels of 1.2674–1.315. The level of 1.175 is critical and stop-loss for this scenario.

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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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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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MasterCard - The probability of decline remains.

On the daily chart, the development of the third wave of the higher level (3) has completed, and a downward correction is being formed as the fourth wave (4), within which wave A of (4) is developing. At the moment, the local correction has ended as the second wave of the lower level ii of A, and the formation of the third wave iii of A is underway, in which wave (iii) of iii has completed.

If the assumption is correct, the price will fall to the levels of 256.65–211.4. The level of 367.5 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 171.15βˆ’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 160.9βˆ’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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USDJPY - The possibility of growth remains.

On the daily chart, the formation of the first wave of the higher level (1) continues, in which wave 3 of (1) is formed. At the moment, the third wave of the lower level iii of 3 is developing, as part of which wave (iii) of iii is forming.

If the assumption is correct, USDJPY will rise to the levels of 142–145. The level of 134.69 is critical and stop-loss for this scenario.

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