stock market Archives - Page 14 of 14

Netflix Stock (NFLX) Buying the Dips at the Blue Box Area

June 29, 2024 By EWF Vlada

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of Netflix (NFLX) Stock published in members area of the website. Our members are aware of the numerous positive trading setups we’ve had among stocks and indices recently. One of them is NFLX, which made a pullback that concluded right at the Equal Legs zone (Blue Box Area). In the following text, we’ll delve into the Elliott Wave pattern and trading setup.

NFLX H1 update 06.24.2024

Netflix stock is currently in a wave ((iv)) pullback, unfolding as an Elliott Wave Zig Zag pattern. We’ve labeled the pullback as (a) (b) (c) in blue. The pullback is still incomplete at the moment. The stock should ideally see an extension down toward the blue box-buying zone: the 666.26-653.38 area. We expect the stock to rally toward new highs or bounce in 3 waves from there. When the price retraces to the 50% Fibonacci level against the (b) blue connector, we’ll secure positions, set the stop loss at breakeven, and take partial profits.

Official trading strategy on How to trade 3, 7, or 11 swing and equal leg is explained in details in Educational Video, available for members viewing inside the membership area.

Quick reminder on how to trade our charts :

Red bearish stamp+ blue box = Selling Setup
Green bullish stamp+ blue box = Buying Setup
Charts with Black stamps are not tradable. 🚫

NFLX H1 update 06.28.2024

The stock found buyers as expected and made a good rally from the Blue Box, as expected. Consequently, any long positions taken from the equal legs area are now risk-free, and we have already taken partial profits. We consider wave 2 red completed at the 662.67 low. The stock remains bullish against the 626.44 pivot. As long as that pivot holds in our system, we believe the stock should continue finding buyers in 3, 7, 11 swings, for a further extension toward new highs or alternatively in a 3-wave bounce.

Keep in mind not every chart is trading recommendation. You can check most recent charts and new trading setups in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room.

Elliott Wave Forecast

Thank you for exploring our Trading Setup of Netflix (NFLX) stock with us. While we provide insights on 78 instruments, it’s important to note that not every chart is a trading recommendation. For our official trading recommendations, join us in our Live Trading Room where we provide actionable insights in real-time. If you’re not yet a member, take advantage of our 14-Day Trial now to access new trading opportunities.

Over time, we’ve honed a reputable trading strategy that accurately defines entry, stop loss, and take profit levels. By joining us, you’ll have the opportunity to learn from market experts and improve your trading skills.

Join us today !

📈 Elevate your trading with Elliott Wave Forecast!

🔍 Explore our expert insights and real-time analysis covering Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs across 78 instruments.

📊 Gain exclusive access to our Official Trading Recommendations in the Live Trading Room, where seasoned experts provide valuable insights and guidance on new trading opportunities.

💰 For just $9.99, unlock a wealth of knowledge and experience with our 14-day Trial. Experience firsthand our proven trading strategy, which accurately defines Entry, Stop Loss, and Take Profit levels, empowering you to make informed decisions with confidence.

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Exxon Mobil XOM Found Buyers at the Extreme Blue Box

June 26, 2024 By EWFSanmi

Hello traders! Welcome to another blog post where we apply the Elliott wave theory to various financial instruments. Today, we’ll focus on Exxon Mobil (XOM) using the Elliott wave theory. Specifically, we’ll analyze an Elliott wave path from one of our June 2024 updates shared with ElliottWave-Forecast members.

Exxon Mobil (XOM) hit new all-time highs in April 2024, confirming a bullish cycle. However, the Elliott wave provides more precise insights into the XOM trend, as shown in our weekly chart below.

XOM Elliott Wave Analysis – Weekly Chart, 6.23.2024

The weekly chart shows XOM in a bullish sequence within wave V of (I) of ((III)) from the 23rd October weekend update. It shows that the price is correcting in wave ((2)) of V. Wave ((1)) reached a fresh all-time high, surpassing the September 2023 high. From this top, the price corrected in wave ((2)) for over two months. We anticipate wave ((3)) will start and lead to another all-time high after breaching the peak of wave ((1)). The best trading strategy is to identify a clear trend and buy dips in a bullish sequence or sell bounces in a bearish sequence. After seeing this chart on June 23, 2024, our members knew to buy the pullback at the extreme of a 3, 7, or 11 swing from the blue box. So, where would we buy? We look for opportunities in the lower time frames.

XOM Elliott Wave Analysis – H4 Chart, 6.10.2024

Before the 6.23.2024 weekly chart, we shared the H4 chart above on June 10, 2024, highlighting the blue box. Blue boxes indicate high-frequency areas where markets likely end cycles and turn. In a bullish sequence, we buy pullbacks from the blue box; in a bearish sequence, we sell bounces. Wave ((2)) was in the final stage of a double zigzag structure. We expected wave ((2)) to end at the blue box and find support to start wave ((3)) upwards.

XOM Elliott Wave Analysis – H4 Chart, 6.25.2024

As expected, wave ((2)) found support in the blue box, as shown in the June 25, 2024 H4 chart above. The price is now moving away from the blue box towards a risk-free area where buyers can manage trades and reduce risk. Wave (1) of ((3)) should complete before the next pullback for ((2)). The rally may not be straightforward. However, our analysts will monitor the sub-waves on H1/M30 time frames and share updates with members several times a day.

About Elliott Wave Forecast

At www.elliottwave-forecast.com, we update one-hour charts four times daily and four-hour charts once daily for all 78 instruments. We also conduct daily live sessions to guide clients on the right side of the market. Additionally, we have a chat room where moderators answer market-related questions. Experience our service with a 14-day trial for only $9.99. Cancel anytime by contacting us at support@elliottwave-forecast.com.

Bank of America Corp (BAC) Buying the Dips at the Blue Box Area

June 24, 2024 By EWF Vlada

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of Bank of America Corp (BAC) Stock published in members area of the website. Our members are aware of the numerous positive trading setups we’ve had among Stocks and Indices recently. One of them is BAC , which made a pullback, that unfolded as an Elliott Wave Double Three Pattern. It completed clear 7 swings from the peak on June 3rd peak and concluded the correction right at the Equal Legs zone (Blue Box Area). In the following text, we’ll delve into the Elliott Wave pattern and trading setup.

BAC H1 update 06.11.2024

BAC stock is currently in a wave 2 red correction, unfolding in a 7-swing pattern. We’ve labeled the pullback as ((w)))((x))((y)) in black. We believe that pull back is still incomplete at the moment. The stock should ideally see another leg down toward the blue box- buying zone: 38.85-38.16. We expect the stock to rally toward new highs or bounce in 3 waves from there. When the price retraces to the 50% Fibonacci level against the ((x)) black connector, we’ll secure positions, set the stop loss at breakeven, and take partial profits.

Official trading strategy on How to trade 3, 7, or 11 swing and equal leg is explained in details in Educational Video, available for members viewing inside the membership area.

Quick reminder on how to trade our charts :

Red bearish stamp+ blue box = Selling Setup
Green bullish stamp+ blue box = Buying Setup
Charts with Black stamps are not tradable. 🚫

BAC H1 update 06.11.2024

The stock found buyers as expected and made a good rally from the Blue Box, breaking toward new highs as expected. Consequently, any long positions taken from the equal legs area are now risk-free, and we have already taken partial profits. We consider wave 2 red completed at the 38.46 low. The stock now remains bullish against the 38.46 pivot. As long as that pivot holds in our system, we believe the stock should continue finding buyers in 3, 7, 11 swings, for a further extension toward new highs or alternatively in a 3-wave bounce.

Elliott Wave Forecast

Thank you for exploring our Trading Setup of BAC stock with us. While we provide insights on 78 instruments, it’s important to note that not every chart is a trading recommendation. For our official trading recommendations, join us in our Live Trading Room where we provide actionable insights in real-time. If you’re not yet a member, take advantage of our 14-Day Trial now to access new trading opportunities.

Join us today !

📈 Elevate your trading with Elliott Wave Forecast!

🔍 Explore our expert insights and real-time analysis covering Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs across 78 instruments.

📊 Gain exclusive access to our Official Trading Recommendations in the Live Trading Room, where seasoned experts provide valuable insights and guidance on new trading opportunities.

👉 Ready to take the next step? Sign up now and seize the opportunity to enhance your trading performance. Click here to start your Trial today!

Elliott Wave Analysis shows NIFTY-50 Pullback is Imminent

June 20, 2024 By EWFSanmi

Hello traders. In this post, we will analyze the NIFTY-50 price chart. The Nifty 50 includes 50 major companies listed on the National Stock Exchange (NSE) of India. It is one of India’s two main stock indices, alongside the BSE Sensex.

NIFTY-50 Elliott Wave Analysis – Weekly Chart

NIFTY 50 is in a long-term bullish cycle on the monthly chart. On the weekly chart, the current bullish sub-cycle began in March 2020 when wave ((II)) grand supercycle ended. From a low of 7525.04, the index started the grand supercycle wave ((III)) and has been rising since then. The sub-waves of ((III)) show the price completed supercycle waves (I) and (II) in October 2021 and June 2022. Now, the price is rising in an impulse structure for wave (III).

The weekly chart above shows the index is on wave (5) of ((3)) of I of (III) of ((III)). Thus, the bullish trend has a long way to go. This is a clear bullish sequence. Buyers will look to buy pullbacks of ((4)) after the ((3)) high is confirmed. Alternatively, buyers can find opportunities at wave 2 and 4 pullbacks within the wave (5) sub-structure before ((3)) ends. To trade the sub-waves of (5), traders should check the daily or H4 chart.

NIFTY-50 Elliott Wave Analysis – H4 Chart

We shared the H4 chart with Elliottwave-Forecast group 2 members on 06.19.2024. Members received this chart at the end of the trading day along with H4 charts of 25 other instruments. In the members’ area, we cover 78 instruments in three groups of 26 each, including Forex, Stocks, Indices, Cryptocurrencies, Commodities, and ETFs.

The H4 chart shows wave 1 of (5) completing an impulse wave structure with the 5th sub-wave forming an ending diagonal. Ending diagonals are powerful reversal patterns in technical analysis. If prices break the lower boundary of the diagonal, confirming the end of wave 1, we can expect a corrective pullback for wave 2. Therefore, our focus on the H4 chart is to buy at the end of wave 2, not sell into wave 2. The trend is bullish, and we follow where the big players trade. We will monitor NIFTY on both the H4 and H1/30 Min charts. We update H1 charts four times a day for all 78 instruments.

Members receive hourly updates four times a day and can use our forecasts as trading guides. Each chart indicates the trading direction to consider. In the live trading room, members have access to trade signals and trade management guides. They can chat with our analysts 24 hours from Monday to Friday.

About Elliott Wave Forecast

We update one-hour charts four times a day and four-hour charts once a day for all 78 instruments. We hold daily live sessions to guide clients on the right side of the market. Our chat room allows moderators to assist with any market questions. Experience our service with a 14-day trial for only $9.99. Cancel anytime by contacting us at support@elliottwave-forecast.com.

NVIDIA (NVDA) Buying The Dips After Elliott Wave Double Three Pattern

April 26, 2024 By EWF Vlada

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of NVIDIA (NVDA) Stock published in members area of the website. Our members are aware of the numerous positive trading setups we’ve had among Stocks and Indices recently. One of them is NVIDIA , which made a pullback, that unfolded as an Elliott Wave Double Three Pattern. It completed clear 7 swings from the peak on March 8th peak and concluded the correction right at the Equal Legs zone (Blue Box Area). In the following text, we’ll delve into the Elliott Wave pattern and trading setup.

Before we take a look at the real market example, let’s explain Elliott Wave Double Three pattern.

Elliott Wave Double Three Pattern

Double three is the common pattern in the market , also known as 7 swing structure. It’s a reliable pattern which is giving us good trading entries with clearly defined invalidation levels.
The picture below presents what Elliott Wave Double Three pattern looks like. It has (W),(X),(Y) labeling and 3,3,3 inner structure, which means all of these 3 legs are corrective sequences. Each (W) and (Y) are made of 3 swings , they’re having A,B,C structure in lower degree, or alternatively they can have W,X,Y labeling.

NVDA H4 weekend update 04.21.2024

NVDA is currently in a wave IV red correction, unfolding in a 7-swing pattern. We’ve labeled the pullback as ((W)))((X))((Y)) in black. The first leg, ((W)) in black, shows a clear 3-wave structure (A)(B)(C) in blue, followed by a 3-wave bounce in ((X)) black. We anticipate the pullback to form a Double Three pattern, projecting 3 waves in ((Y)) black. The price has hit the extreme zone, marked by the blue box, and we know the correction could end anytime. We expect the stock to rally toward new highs or bounce in 3 waves. When the price retraces to the 50% Fibonacci level against the ((X)) black connector, we’ll secure positions, set the stop loss at breakeven, and take partial profits.

Official trading strategy on How to trade 3, 7, or 11 swing and equal leg is explained in details in Educational Video, available for members viewing inside the membership area.

Quick reminder on how to trade our charts :

Red bearish stamp+ blue box = Selling Setup
Green bullish stamp+ blue box = Buying Setup
Charts with Black stamps are not tradable. 🚫

NVDA H4 weekend update 04.25.2024

NVDA stock found buyers as expected and made a decent rally from the Blue Box. The bounce has already reached the 50% Fibonacci retracement level against the ((X)) black connector, confirming that the cycle from the peak is complete. Consequently, any long positions taken from the equal legs area are now risk-free, and we have already taken partial profits. We consider wave IV red completed at the 756.27 low.

Elliott Wave Forecast

Thank you for exploring our Trading Setup of NVDA stock with us. While we provide insights on 78 instruments, it’s important to note that not every chart is a trading recommendation. For our official trading recommendations, join us in our Live Trading Room where we provide actionable insights in real-time. If you’re not yet a member, take advantage of our 14-Day Trial now to access new trading opportunities.

Join us today !

📈 Elevate your trading with Elliott Wave Forecast!

🔍 Explore our expert insights and real-time analysis covering Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs across 78 instruments.

📊 Gain exclusive access to our Official Trading Recommendations in the Live Trading Room, where seasoned experts provide valuable insights and guidance on new trading opportunities.

👉 Ready to take the next step? Sign up now and seize the opportunity to enhance your trading performance. Click here to start your Trial today!

BABA Stock: Found Sellers At The Blue Box Area

February 19, 2024 By EWF Vlada

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of BABA Stock published in members area of the website. As our members know, the stock has recently made a recovery that found sellers right at the blue box area. Our team recommended members to avoid buying the stock , while keep favoring the short side. BABA found sellers and made reaction from the blue box as expected. In the further text we are going to explain the Elliott Wave Forecast and trading strategy.

BABA Elliott Wave 4 Hour Chart 02.06.2024

BABA is currently giving us (4) blue recovery which is unfolding as Elliott Wave Zig Zag Pattern. The price structure looks incomplete at the moment. We expect to see more short term strength toward 80.13-85.77 equal legs ( Blue Box – sellers zone). We don’t recommend buying the stock and prefer the short side from the blue box. As the main trend is bearish, we expect to see at least 3 waves pull back from our selling zone. Once decline reaches 50 Fibs against the B red low , we will make short position risk free ( put SL at BE) and take partial profits. Invalidation for the short trades is break above 1.618 fib ext : 85.77

Quick reminder:

Our charts are easy to trade and understand:
Red bearish stamp+ blue box = Selling Setup
Green bullish stamp+ blue box = Buying Setup
Charts with Black stamps are not tradable. 🚫

You can learn more about Elliott Wave Patterns at our Free Elliott Wave Educational Web Page.

BABA Elliott Wave 4 Hour Chart 02.15.2024

The stock found sellers right at the Blue Box area : 80.13-85.77 . Recovery completed at the 82.7 high and we got good reaction from the selling zone. Decline reached and exceeded 50 fibs against the connector’s low. So members who took the short trades are enjoying profits now in a risk free positions. While below 82.7 high, next leg down can be in progress toward new lows.

Keep in mind that market is dynamic and presented view could have changed in the mean time. You can check most recent charts in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room

Elliott Wave Forecast

We cover 78 instruments in total, but not every chart is trading recommendation. We present Official Trading Recommendations in Live Trading Room. If not a member yet, Sign Up for Free 14 days Trial now and get access to new trading opportunities. Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy.

Welcome to Elliott Wave Forecast !