Elliot Wave Analysis Only - By 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 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.


Trade with a true ECN Broker
Solid ECN Securities


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 1.3200–1.3410. In this scenario, critical stop loss level is 1.2401.


Trade with a true ECN Broker
Solid ECN Securities


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.


Trade with a true ECN Broker
Solid ECN Securities


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.


Trade with a true ECN broker
Solid ECN Securities


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.


Trade with a true ECN broker
Solid ECN Securities


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.


Trade with a true ECN broker
Solid ECN Securities


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.


Trade with a true ECN broker
Solid ECN Securities

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.


Trade with a true ECN broker
Solid ECN Securities

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.


Trade with a true ECN broker
Solid ECN Securities

On the daily chart, the upward wave of the higher level А formed, and a downward correction develops as the wave B. Now, the wave (А) of B has formed, and an upward correction of the lower level has started to develop as the wave (B) of B, within which the wave A of (B) is forming.

If the assumption is correct, the price will grow to the levels of 199.6 - 224.05. In this scenario, critical stop loss level is 91.05.

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 A 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.

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.

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

If the assumption is correct, the pair will fall within the wave (3) to the levels of 0.9014 - 0.8916. In this scenario, critical stop loss level is 0.9533.

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 forming.

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.

On the daily chart, the downwards third wave of the higher level 3 of (C) forms, within which the wave iii of 3 formed. Now, a local correction has formed as the fourth wave iv of 3, and the fifth wave v of 3 is developing, within which the wave of the lower level (iii) of v has formed.

If the assumption is correct, after the end of the wave (iv) of v the price will fall to the levels of $17 - $14. In this scenario, critical stop loss level is $24.28

On the daily chart, the wave and 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 first wave of the lower level 1 of (C) has formed.

If the assumption is correct, after the end of the wave 2 of (C) the price will fall to the levels of 165.8 - 83.8The . In this scenario, critical stop loss level is 325.85.

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 1.05 - 1.035. The level of 1.0941 is critical and stop-loss for this scenario.

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.

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.

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.