trading setups Archives - Page 13 of 19

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

December 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 Netflix (NFLX) Stock published in members area of the website. Our members are aware of the numerous positive trading setups we’ve had 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 12.18.2024

Netflix stock is currently in a wave 4red pullback, unfolding as 3 waves ((a))((b))((c)) pattern. The stock should ideally see an extension down toward the blue box-buying zone: the 896.73-876.79 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.

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NFLX H1 update 12.26.2024

The stock made drop down toward our blue box area. Netflix found buyers as expected and made a good rally from our buying zone . Consequently, any long positions taken from the equal legs area are now risk-free, and we have already taken partial profits. We consider wave 4 red completed at the 887.14 low The stock remains bullish against the 804.46 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 ideally.

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.

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Netflix Is In Process Of Doing Five Waves Advance

December 24, 2024 By Hassan Sheikh

Short Term Elliott Wave view in Netflix ticker symbol: $NFLX suggests that rally from 8.05.2024 low is incomplete & should continue upside. It is showing 3 swing higher since August-2024 low & expect more upside against 11.18.2024 low. It ended 1 at $736 high as diagonal & 2 correction at $669 low. Within 1, it placed ((i)) at $711.33 high, ((ii)) at $660.80 low & ((iii)) at $728 high. Wave ((iv)) ended at $696.43 low & finally ((v)) ended at $736 high as wave 1. Within 2 correction, it placed ((a)) at $699.78 low, ((b)) at $710.24 high & ((c)) at $669 low near 50% Fibonacci retracement of 1.

Above 2 low, it favors upside in wave 3 in another 5 waves impulse sequence. Whereas wave ((i)) ended at $773 high, wave ((ii)) ended at $744.26 low. Wave ((iii)) ended at $841 high, wave ((iv)) ended at $804.30 low and wave ((v)) at $941.75 high. Below from there, the stock made a pullback in wave 4 to correct the cycle from 10.17.2024 low. The internals of that pullback unfolded as Elliott wave double three structure where wave ((w)) ended at $909.61 low in a lesser degree 3 waves.

A bounce to $928.94 high ended wave ((x)) and started the ((y)) leg lower towards $896.73- $876.79 blue box area where buyers were expected to appear. Since then the stock has reacted higher from the blue box area allowed longs to get into a risk free position. Therefore ended wave 4 pullback at $881.01 within the blue box area. Near-term, as far as dips remain above $881.01 low and more importantly above $804.46 low the stock is expected to resume the upside in wave 5. For minimum extension target towards $956.38- $979.68 area higher (inverse 123.6%- 161.8% Fib extension of wave 4). Before ending the cycle from 8.05.2024 low in 5 waves advance & making a pullback.

Netflix (NFLX) Latest 45-Minutes Elliott Wave Chart

Netflix Elliott Wave Video

Cardano Looking To Turn Higher From Elliott Wave Blue Box Area

December 23, 2024 By Hassan Sheikh

In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of Cardano ticker symbol: $ADAUSD. We presented to members at the elliottwave-forecast. In which, the rally from the June 2023 low is unfolding as an impulse structure. Showing a higher high sequence favored more upside extension to take place. Therefore, we advised members not to sell the crypto & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:

Cardano 4-Hour Elliott Wave Chart From 12.19.2024

Here’s the 4-hour Elliott wave chart from the 12.19.2024 update. In which, the cycle from the 8.05.2024 low ended in wave ((3)) at $1.327 high. Down from there, the ADAUSD made a pullback in wave ((4)) to correct that cycle. The internals of that pullback unfolded as Elliott wave double three structure where wave (W) ended at $0.911 low. Wave (X) bounce ended at $1.182 high and wave (Y) managed to reach the blue box area at $0.766- $0.507. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.

Cardano Latest 4-Hour Elliott Wave Chart From 12.22.2024

This is the latest 4-hour Elliott wave Chart from the 12.22.2024 Weekend update. In which the ADAUSD is showing a reaction higher taking place, right after ending the double correction within the blue box area. Allowed members to create a risk-free position shortly after taking the long position at the blue box area. However, a break above $1.327 high is still needed to confirm the next extension target higher towards $1.461- $1.677 & avoid a double correction lower.

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EURGBP Elliott Wave Analysis: Decline Forecast from Equal Legs Area

December 17, 2024 By EWF Vlada

Hello, fellow traders. In this technical article, we’ll take a quick look at the Elliott Wave charts for the EURGBP forex pair, published in the members’ area of the website.
As our members know, EURGBP is showing incomplete bearish sequences, suggesting further decline. The pair recently gave us a bounce in a 3-wave pattern, with sellers appearing right at the equal legs zone. Let’s break down our Elliott Wave forecast further in this article.

EURGBP H1 Asia Update 12.15.2024

The current view suggests that EURGBP is doing a ((iv)) recovery, which is correcting the cycle from the 0.83651 peak. Proposed recovery can be unfolding as a Elliott Wave Zig Zag Pattern. The price has already reached important technical area at 0.82989- 0.83301. ( sellers zone). We expect potential sellers to appear in this area, which could lead to a further decline towards new lows or a three-wave pull back at least.

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

EURGBP H1 Asia Update 12.17.2024

EURGBP has found sellers as expected and made a nice decline from the Equal Legs zone. Current analysis suggests the wave ((iv)) correction has completed at the 0.83278 high. We are looking for a break of previous ((iii)) black low as confirmation wave ((v)) is in progress. We advise against buying EURGBP in during any suggested bounce and favor the short side.

Remember, the market is dynamic, and the presented view may have changed in the meantime. For the most recent charts and target levels, please refer to the membership area of the site. The best instruments to trade are those with incomplete bullish or bearish swing sequences. We put them in Sequence Report and best among them are presented in the Live Trading Room

New to Elliott Wave ? Check out our Free Elliott Wave Educational Web Page and download our Free Elliott Wave Book.

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Elliott Wave Forecast

Thank you for exploring our Trading Forecast of EURGBP 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.

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Natural Gas Bouncing From Elliott Wave Blue Box Area

December 10, 2024 By Hassan Sheikh

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of the Natural Gas futures ticker symbol: $NG_F. The rally from the 28 August 2024 low showed a higher high sequence & provided a short-term opportunity at the blue box area. In this case, the pullback managed to reach the Elliott wave blue box area & bounce higher. So, we advised members not to sell Natural Gas but to buy the blue box area for a minimum reaction higher to happen. We will explain the structure & forecast below:

Natural Gas 1-Hour Elliott Wave Chart From 12.04.2024

Here’s the 1-hour Elliott wave Chart from the 12.04.2024 New York update. In which, the rally to $3.563 high ended wave 1 & made a pullback in wave 2. The internals of that pullback unfolded as Elliott wave double three structure where wave ((w)) ended at $3.071 low. A short-term bounce to $3.500 high then ended wave ((x)) & started the next leg lower in wave ((y)) towards $3.009- $2.705 equal legs area. From there, buyers were expected to appear looking for new highs ideally or for a 3-wave bounce minimum.

Natural Gas Latest 1-Hour Elliott Wave Chart From 12.10.2024

Above is the Latest 1-hour Elliott Wave Chart from the 12.10.2024 London update. In which the Natural Gas is showing a perfect reaction higher taking place from the equal legs area. Right after ending the double correction. Allowed members to create a risk-free position shortly after taking a long position. But a break above $3.563 high is needed to confirm the next leg higher minimum towards the $4.336- $4.658 area & avoid deeper correction lower.

If you are looking for real-time analysis in Natural Gas along with the other commodities then join us with a 14-Day Trial for the latest updates & price action.

GOLD (XAUUSD) Found Buyers After Elliott Wave Zig Zag Pattern

December 5, 2024 By EWF Vlada

Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of GOLD (XAUUSD), published in members area of the website. As our members know the pair is showing impulsive bullish sequences in the cycle from the 2537.3 low. Consequently , we were calling for the further rally in the commodity. Recently GOLD made a pull back that has had a form of Elliott Wave Zig Zag pattern. In the further text we are going to explain the Elliott Wave Pattern and the forecast

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

Elliott Wave Zigzag is the most popular corrective pattern in Elliott Wave theory . It’s made of 3 swings which have 5-3-5 inner structure. Inner swings are labeled as A,B,C where A =5 waves, B=3 waves and C=5 waves. That means A and C can be either impulsive waves or diagonals. (Leading Diagonal in case of wave A or Ending in case of wave C) . Waves A and C must meet all conditions of being 5 wave structure, such as: having RSI divergency between wave subdivisions, ideal Fibonacci extensions and ideal retracements.

If you are new to Elliott Wave we recommend you to check out our Free Elliott Wave Educational Web Page and download our Free Elliott Wave Book.

At the chart below we can see what Elliott Wave Zig Zag pattern looks like in real market.

GOLD H1 London Update 11.26.2024

GOLD ended cycle from the 2538 low as 5 waves structure. The commodity has given us pull back against the 2538 low that unfolded as Zig Zag pattern. Extreme zone has been already reached at 2626.04-2586.8 ( buying zone) We don’t recommend selling the commodity and expect further rally to resume from the marked area.

Reminder : You can learn more about Zig Zag and other Elliott Wave Patterns at our Free Elliott Wave Educational Web Page.

GOLD H1 London Update 10.24.2023

The commodity has given us nice reaction from the marked extreme zone. Now, as far as the price holds above 2606 low, we can have correction completed and see the further strength. We need to see break above (1) blue – 11.22 high to confirm next leg up is in progress.

Keep in mind that market is dynamic and presented view could have changed in the mean time. You can check most recent updates in the membership area of the website. Remember that not every chart is trading recommendation. 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. You can check most recent charts in the membership area of the site.

Elliott Wave Forecast

Thank you for exploring our analysis of GOLD 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!