SoFi Technologies (SOFI) Should Pullback To Offer Next Buying Opportunity
SoFi Technologies, Inc., (SOFI) provides various financial services in the US, Latin America & Canada. It operates through three segments; Lending, Technology Platform & Financial services. It comes under Financial Services sector & trades as “SOFI” ticker at Nasdaq. In last article, SOFI favors rally in (3), which ended at $17.19 high & favors corrective pullback in (4). It dropped in 5 swings in A & favors downside in C of (4) towards $14.08 – $12.47 area. SOFI – Elliott Wave Latest Daily View: It made all time low at $4.24 in December-2022 & then resume higher. It placed I as impulse bullish sequence at $11.70 high in July-2023 started from August-2022 low as diagonal. It ended corrective pullback in II as zigzag correction at $6.01 low in August-2024 low.
Nasdaq ETF (QQQ): Elliott Wave Forecasting the Future Path
Hello traders and investors! In this technical article, we’re going to take a quick look at the Elliott Wave charts of the Nasdaq ETF QQQ, published in the members area of the website. As our members know, QQQ is showing impulsive bullish sequences in the cycle from the August 420.16 low. As a result, we are favoring long side at this stage. However, we believe the H4 pullback is still incomplete and could provide another leg down. We will explain the reasons behind this Elliott Wave forecast and how to trade it further in this article. QQQ H1 Update 12.24.2024 The ETF shows 5 waves down from the 539.15 peak, suggesting we have ended only a first leg of potential Zig Zag pattern. QQQ is currently doing 3 waves recovery against the 539.15 high, labeled as (B) blue. Structure of the bo
Hello traders ! In this technical article, we’re going to take a quick look at the Elliott Wave charts of the SPX index, published in the members area of the website. As our members know, SPX remains overall bullish, currently correcting the cycle from the August 5118.95 low. In this article, we will explain the forecast and the best way to trade SPX. SPX H1 Update 12.24.2024 The index is bouncing against the 6098.045 high, and currently the recovery appears incomplete at the moment. We’ve seen a sharp rally from the lows, which looks impulsive. The current view suggests another leg up toward the 6051.2 area to complete a 3-wave bounce in the (X) blue recovery. From there, we could see another leg down in the (Y) blue wave to complete the 4-hour pullback against the August 5118.9 low. As o
Ethereum ETHUSD Buying The Dips After Elliott Wave Double Three
Hello traders ! In this article we’re going to take a quick look at the Elliott Wave charts of Ethereum ETHUSD published in members area of the website. As our members know ETHUSD has given us nice bullish trading setup recently. We got a pull back that has ended at the Blue Box zone,our buying area. In the further text we are going to explain the Elliott Wave Forecast and trading setup. ETHUSD Elliott Wave 1 Hour Chart 12.19.2024 Ethereum is currently in a correction, forming an Elliott Wave Double Three pattern. The structure is still incomplete, and the pullback is creating lower lows. ETHUSD is likely to drop further into the 1139.8 – 2788.3 range (blue buying zone). We don’t recommend selling ETHUSD and prefer looking for buying opportunities. From this zone, ETHUSD
Short Term Elliott Wave view of EURGBP suggests decline from 8.8.2024 high ended as wave (1) at 0.8219 as an impulse. Down from 8.8.2024 high, wave 1 ended at 0.8295 and rally in wave 2 ended at 0.844. Wave 3 lower ended at 0.826 and rally in wave 4 ended at 0.8375. Down from there, wave ((i)) of 5 ended at 0.8268 and wave ((ii)) of 5 ended at 0.8364. Wave ((iii)) of 5 lower ended at 0.8225 and wave ((iv)) of 5 ended at 0.8327. Final wave ((v)) of 5 ended at 0.8222. This completed wave (1) in higher degree. Wave (2) corrective rally is in progress with internal subdivision as a zigzag Elliott Wave structure. Up from wave (1), wave A ended at 0.8313 and pullback in wave B ended at 0.8268. Wave C higher is in progress as an impulse structure. Up from wave B, wave ((i)) ended at 0.8314 and pu
Rigetti Computing RGTI Hit Another Target. Possible Extension Ahead.
RGTI has risen rapidly in value in recent days attracting the attention of investors. Here we have the 15-minute chart. Applying the Elliott Waves principle, the stock should find support in 5.89 – 7.07 area to complete a wave 4. This would generate a new rally on wave 5 that could reach around 8.94 – 10.25 or extend higher. RGTI 15 Min Chart 12.11.2024 RGTI 15 Min Chart 12.11.2024 In any case, as long as the market respects the 5.89 – 7.07 area, RGTI must continue with the upward movement and break above wave 3 to reach at least 8.94 – 10.25. If the market closes below 5.89, it would open the possibility that the value of the stock will drop to 4.00 before looking for another move higher. RGTI 5 Min Chart 12.11.2024 (Market Closed) RGTI 5 Min Chart 12.11.2024 (Market Closed) RGTI found su
Netflix Stock (NFLX) Buying the Dips at the Blue Box Area
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% F
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)) end
oll Brothers, Inc., (TOL) designs, builds, markets, sells & arranges finance for the range of detached & attached homes in Luxury residential communities in the United States. It also owns & operates architectural, engineering, mortgage, title, land development, insurance, smart home technology, landscaping, lumber distribution, house component assembly & manufacturing operations. It comes under Consumer Cyclical sector & trades as “TOL” ticker at NYSE. As discussed in previous article, TOL favored upside in ((5)) from July-2024 low, which ended at $169.52 high. Below there, it favors corrective pullback in IV against October-2022 low before rally resumes in V of (III). TOL – Elliott Wave Latest Daily View: TOL – Elliott Wave Latest Daily View: In weekly, it
Bank of America Corp. $BAC Blue Box Area Offers A Buying Opportunity
Hello everyone! In today’s article, we’ll examine the recent performance of Bank of America Corp. ($BAC) through the lens of Elliott Wave Theory. We’ll review how the rally from the August 05, 2024, low unfolded as a 5-wave impulse and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock. 5 Wave Impulse Structure + ABC correction $TSLA $BAC 4H Elliott Wave Chart 12.19.2024: $BAC In the 4-hour Elliott Wave count from December 19, 2024, we see that $BAC completed a 5-wave impulsive cycle beginning on August 05, 2024, and ending on November 29, 2024, at the black ((3)). As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 3 swings first, likely finding buyers in the equal l