SPDR Metals & Mining ETF ( $XME) Found Buyers at the Blue Box Area as Expected.-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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SPDR Metals & Mining ETF ( $XME) Found Buyers at the Blue Box Area as Expected.

Elliottwave_Forecast
04-24

SPDR Metals & Mining ETF ( $XME) Found Buyers at the Blue Box Area as Expected.

April 22, 2024 By EWFTaha

Hello everyone. In today’s article, we will look at the past performance of the 1H Hour Elliott Wave chart of SPDR Metals & Mining ETF ($XME). The rally from 3.14.2024 low at $55.37 unfolded as 5 waves impulse. So, we expected the pullback to unfold in 3 swings and find buyers again. We will explain the structure & forecast below:

5 Wave Impulse Structure + ABC correction

$XME

$XME 1H Elliott Wave Chart 4.15.2024:

$XME

Here is the 1H Elliott Wave count from 4.15.2024. We expected the pullback to find buyers at the blue box area at 59.90 – 58.28 in 3 swings.

$XME 1H Elliott Wave Chart 4.17.2024:

$XME

Here is the 1H update from 4.17.2024 showing the bounce taking place as expected. The ETF has reacted higher from the blue box area allowing longs to get risk free before the next leg takes place.

Elliott Wave Forecast

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https://elliottwave-forecast.com/stock-market/spdr-metals-mining-etf-xme-found-buyers-blue-box-area-expected/

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In today’s article, we will look at the past performance of the 1H Hour Elliott Wave chart of SPDR Metals &amp; Mining ETF ($XME). The rally from 3.14.2024 low at $55.37 unfolded as 5 waves impulse. So, we expected the pullback to unfold in 3 swings and find buyers again. We will explain the structure &amp; forecast below:</p>\n<h2>5 Wave Impulse Structure + ABC correction</h2>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2550ba93f932bfc98ca8ca8ed35131c7\" tg-width=\"1050\" tg-height=\"975\"><span>$XME</span></p>\n<h2>$XME 1H Elliott Wave Chart 4.15.2024:</h2>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f5158a50ac71b34019703634ed19ce8b\" tg-width=\"1912\" tg-height=\"981\"><span>$XME</span></p>\n<p>Here is the 1H Elliott Wave count from 4.15.2024. We expected the pullback to find buyers at the blue box area at 59.90 – 58.28 in 3 swings.</p>\n<h2>$XME 1H Elliott Wave Chart 4.17.2024:</h2>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6c148be1ee944f96ad85477e31d7437a\" tg-width=\"1912\" tg-height=\"979\"><span>$XME</span></p>\n<p>Here is the 1H update from 4.17.2024 showing the bounce taking place as expected. The ETF has reacted higher from the blue box area allowing longs to get risk free before the next leg takes place.</p>\n<p style=\"text-align: justify;\">&nbsp;</p>\n<h2>Elliott Wave Forecast</h2>\n<p style=\"text-align: justify;\">We cover 78 instruments, but not every chart is a trading recommendation. We present Official Trading Recommendations in the Live Trading Room. If not a member yet,&nbsp;&nbsp;<strong>Sign Up for Free 14 days Trial now&nbsp;</strong>and get access to new trading opportunities.</p>\n<p style=\"text-align: justify;\">Welcome to Elliott Wave Forecast!</p>\n<p>https://elliottwave-forecast.com/stock-market/spdr-metals-mining-etf-xme-found-buyers-blue-box-area-expected/</p></body></html>","htmlText":"<html><head></head><body><p></p>\n<h2>SPDR Metals &amp; Mining ETF ( $XME) Found Buyers at the Blue Box Area as Expected.</h2>\n<p>April 22, 2024 By EWFTaha</p>\n<p style=\"text-align: justify;\">Hello everyone. In today’s article, we will look at the past performance of the 1H Hour Elliott Wave chart of SPDR Metals &amp; Mining ETF ($XME). The rally from 3.14.2024 low at $55.37 unfolded as 5 waves impulse. So, we expected the pullback to unfold in 3 swings and find buyers again. We will explain the structure &amp; forecast below:</p>\n<h2>5 Wave Impulse Structure + ABC correction</h2>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2550ba93f932bfc98ca8ca8ed35131c7\" tg-width=\"1050\" tg-height=\"975\"><span>$XME</span></p>\n<h2>$XME 1H Elliott Wave Chart 4.15.2024:</h2>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f5158a50ac71b34019703634ed19ce8b\" tg-width=\"1912\" tg-height=\"981\"><span>$XME</span></p>\n<p>Here is the 1H Elliott Wave count from 4.15.2024. We expected the pullback to find buyers at the blue box area at 59.90 – 58.28 in 3 swings.</p>\n<h2>$XME 1H Elliott Wave Chart 4.17.2024:</h2>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6c148be1ee944f96ad85477e31d7437a\" tg-width=\"1912\" tg-height=\"979\"><span>$XME</span></p>\n<p>Here is the 1H update from 4.17.2024 showing the bounce taking place as expected. The ETF has reacted higher from the blue box area allowing longs to get risk free before the next leg takes place.</p>\n<p style=\"text-align: justify;\">&nbsp;</p>\n<h2>Elliott Wave Forecast</h2>\n<p style=\"text-align: justify;\">We cover 78 instruments, but not every chart is a trading recommendation. We present Official Trading Recommendations in the Live Trading Room. If not a member yet,&nbsp;&nbsp;<strong>Sign Up for Free 14 days Trial now&nbsp;</strong>and get access to new trading opportunities.</p>\n<p style=\"text-align: justify;\">Welcome to Elliott Wave Forecast!</p>\n<p>https://elliottwave-forecast.com/stock-market/spdr-metals-mining-etf-xme-found-buyers-blue-box-area-expected/</p></body></html>","text":"SPDR Metals & Mining ETF ( $XME) Found Buyers at the Blue Box Area as Expected. April 22, 2024 By EWFTaha Hello everyone. In today’s article, we will look at the past performance of the 1H Hour Elliott Wave chart of SPDR Metals & Mining ETF ($XME). The rally from 3.14.2024 low at $55.37 unfolded as 5 waves impulse. So, we expected the pullback to unfold in 3 swings and find buyers again. We will explain the structure & forecast below: 5 Wave Impulse Structure + ABC correction $XME $XME 1H Elliott Wave Chart 4.15.2024: $XME Here is the 1H Elliott Wave count from 4.15.2024. We expected the pullback to find buyers at the blue box area at 59.90 – 58.28 in 3 swings. $XME 1H Elliott Wave Chart 4.17.2024: $XME Here is the 1H update from 4.17.2024 showing the bounce taking place as expected. The ETF has reacted higher from the blue box area allowing longs to get risk free before the next leg takes place. Elliott Wave Forecast We cover 78 instruments, but not every chart is a trading recommendation. We present Official Trading Recommendations in the Live Trading Room. If not a member yet, Sign Up for Free 14 days Trial now and get access to new trading opportunities. 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