Elliot Wave Analysis by Solid ECN

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GBPUSD - A fall is possible.​

On the daily chart, the downward fifth wave of the higher level V of (V) develops, within which the wave (5) of V forms. Now, the third wave of the lower level 3 of (5) has formed, a local correction has ended as the fourth wave 4 of (5), and the development of the wave 5 of (5) has started, within which the wave iii of 5 is forming.

If the assumption is correct, the GBPUSD pair will fall to the area of 1.02 – 1. In this scenario, critical stop loss level is 1.1501.

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XAGUSD - Growth is possible.​

On the daily chart, a downward correction of the higher level ended as the second wave (2), within which the wave C of (2) formed, and the development of the third wave (3) started. Now, the first entry wave of the lower level i of 1 of (3) is forming, within which the wave (iii) of i has formed, and a local correction has ended as the wave (iv) of i.

If the assumption is correct, the XAGUSD pair will grow to the area of 21.20–22.47. In this scenario, critical stop loss level is 18.07.

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AUDUSD - A fall is possible.​

On the daily chart, the first wave of the higher level (1) formed, and a downward correction 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 forming, and a local correction is developing as the wave (iv) of iii.

If the assumption is correct, the AUDUSD pair will fall to the area of 0.6091–0.5900. In this scenario, critical stop loss level is 0.6551.

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USDCAD - Growth is possible.​

On the daily chart, the upward fifth wave of the higher level 5 forms, within which the wave (1) of 5 formed, the correctional wave (2) of 5 ended, and the wave (3) of 5 forms. Now, the third wave of the lower level 3 of (3) is forming, within which a local correction has ended as the fourth wave iv of 3, and the wave v of 3 is developing.

If the assumption is correct, the USDCAD pair will grow to the area of 1.41 – 1.43. In this scenario, critical stop loss level is 1.3645.

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Boeing - A fall is possible.​

On the daily chart, the downward wave of the higher level (C) develops, within which the third wave 3 of (C) formed, and a local correction ended as the fourth wave 4 of (C). Now, the development of the fifth wave 5 of (C) has started, within which the first entry wave of the lower level i of 5 has formed, and the correctional wave ii of 5 is forming.

If the assumption is correct, the price of the asset will fall to the area of 89.41–50. In this scenario, critical stop loss level is 174.15.

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Gold - Growth is possible.​

On the daily chart, a downward correction developed as the fourth wave of the higher level (4), within which the wave C of (4) formed as a momentum. Now, the development of the fifth wave (5) has started, within which the first entry wave of the lower level (i) of i of 1 of (5) has formed, and a local correction ended as the wave (ii) of i of 1 of (5).

If the assumption is correct, the pair XAUUSD will grow to the area of 1808.78–1861.30. In this scenario, critical stop loss level is 1613.92.

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Crude Oil - Growth is possible.​

On the daily chart, the upward wave C develops, within which the first wave 1 of (1) of C formed, and a downward correction ended as the second wave 2 of (1) of C, within which the wave c of 2 formed. Now, the development of the third wave 3 of (1) has started, within which the first entry wave of the lower level (i) of i of 3 has formed, and the wave (ii) of i of 3 has ended.

If the assumption is correct, the asset will grow to the area of 104.25 – 110.4. In this scenario, critical stop loss level is 83.12.

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XAGUSD - Growth is possible.​

On the daily chart, a downward correction of the higher level ended as the second wave (2), within which the wave C of (2) formed, and the development of the third wave (3) started. Now, the first entry wave of the lower level i of 1 of (3) is developing, within which the wave (iii) of I has formed, a local correction has ended as the wave (iv) of I, and the development the wave (v) of i has started.

If the assumption is correct, the XAGUSD pair will grow to the area of 21.2 – 22.47. In this scenario, critical stop loss level is 18.22.

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Crude Oil - Growth is possible.​

On the daily chart, the first wave of the higher level (1) formed, a downward correction ended as the second wave (2), and the development of the upward third wave (3) started. Now, the first entry wave of the lower level i of 1 of (3) is forming, within which the development of the wave (iii) of i is starting.

If the assumption is correct, the asset will grow to the area of 103.83–115.12. In this scenario, critical stop loss level is 82.20.

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Netflix - Growth is possible.​

On the daily chart, the wave А of the higher level formed, and a downward correction develops as the wave B, within which the wave (А) of B formed, and an upward correction of the lower level develops as the wave (B) of B. Now, the wave А of (B) is forming, within which a local correction is developing as the second wave ii of A, and the wave ii of A is developing.

If the assumption is correct, the asset will grow to the area of 362.5 – 423.15. In this scenario, critical stop loss level is 211.

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Walt Disney - Growth is possible.​

On the daily chart, the wave А of the higher level ended, and a downward correction forms as the wave B, within which the wave (А) of B ended, and the development of the correctional upward wave of the lower level (B) of B started. Now, the wave A of (B) has formed, a local correction has developed as the wave B of (B), and the development of the wave C of (B) has started.

If the assumption is correct, the asset will grow to the area of 133 – 146.05. In this scenario, critical stop loss level is 90.65.

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EURUSD - A fall is possible.​

On the daily chart, the fifth downward wave of the higher level (5) of А forms, within which the wave 5 of (5) forms. Now, the fifth wave of the lower level v of 5 of (5) is developing, within which the wave (i) of v of 5 has formed and a local correction is ending as the wave (ii) of v of 5.

If the assumption is correct, the EURUSD pair will fall to the area of 0.947 – 0.93. In this scenario, critical stop loss level is 0.9997.

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GBPUSD - A fall is possible.​

On the daily chart, the downward fifth wave of the higher level V of (V) develops, within which the wave (5) of V forms. Now, the third wave of the lower level 3 of (5) has formed, a local correction has ended as the fourth wave 4 of (5), and the development of the wave 5 of (5) has started, within which the wave iii of 5 is forming.

If the assumption is correct, the pair GBPUSD will fall to the area of 1.02 – 1. In this scenario, critical stop loss level is 1.1501.

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Nvidia - A fall is possible.​


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

If the assumption is correct, the price of the asset will fall to the area of 100 – 70. In this scenario, critical stop loss level is 136.10.

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USDCAD - The pair is in a correction and may grow.​

On the daily chart, the upward fifth wave of the higher level 5 develops, within which the wave (1) of 5 formed, the correctional wave (2) of 5 ended, and the wave (3) of 5 forms. Now, the third wave of the lower level 3 of (3) has formed, and a local correction is developing as the fourth wave 4 of (3).

If the assumption is correct, the USDCAD pair will grow to the area of 1.43 – 1.45. In this scenario, critical stop loss level is 1.35.

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USDCHF - Growth is possible.​

On the daily chart, the first upward wave of the higher level (1) of 3 develops, within which the wave 5 of (1) forms. Now, the third wave of the lower level iii of 5 is developing, within which a local correction is developing as the wave (iv) of iii.

If the assumption is correct, the USDCHF pair will grow to the area of 1.02 – 1.03. In this scenario, critical stop loss level is 0.9908.

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Master Card - Growth is possible.​

On the daily chart, the third wave of the higher level (3) formed, and a downward correction developed as the fourth wave (4), within which the wave C of (4) formed as a momentum. Now, the development of the fifth wave (5) is starting, within which the first entry wave of the lower level i of 1 of (5) is forming.

If the assumption is correct, the asset will grow to the area of 361.86 – 401. In this scenario, critical stop loss level is 277.

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AUDUSD - The pair is in a correction, a fall is possible.​

On the daily chart, the first wave of the higher level (1) developed, and a downward correction forms 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 forming, the wave (iii) of iii has formed, and a local correction is ending as the wave (iv) of iii.

If the assumption is correct, the AUDUSD pair will fall to the area of 0.6091 – 0.59. In this scenario, critical stop loss level is 0.6682.

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NZDUSD - The pair may grow.​

On the daily chart, the upward wave of the higher level (А) formed, and a downward correction ended as the wave (B), within which the wave C of (B) formed. Now, the development of the wave (C) has started, and the entry first wave of the lower level i of 1 of (C) has formed.

If the assumption is correct, the NZDUSD pair will grow to the area of 0.6166 – 0.6465. In this scenario, critical stop loss level is 0.5520.

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USDJPY - The pair is in a correction; a fall is possible.​

On the daily chart, the third wave of the higher level 3 developed, within which the fifth wave of the lower level v of 3 formed. Now, a downward correction has started as the fourth wave 4, within which the wave of the lower level a of 4 is developing.

If the assumption is correct, the USDJPY pair will fall to the area of 140.13–136.82. In this scenario, critical stop loss level is 151.76.

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