NextEra Energy, Inc., (NEE) through its subsidiaries generates, transmits, distributes & sells electric power to retail & wholesale customers in North America. The company generates electricity, through wind, solar, nuclear, natural gas & other clean energy. It comes under Utility sector & trades as “NEE” ticker at NYSE. As shown in the last article, NEE…
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Elliott Wave View: Silver (XAGUSD) Double Three Correction in Progress
Short Term Elliott Wave view in Silver (XAGUSD) suggests cycle from 10.22.2024 high is in progress as a double three Elliott Wave structure. Down from 10.22.2024 high, wave (W) ended at 29.68 and wave (X) rally ended at 32.32 Wave (Y) lower is in progress and unfolding as another double three Elliott Wave structure in…
Hindustan Copper’s Elliott Wave Counts
Weekly Elliott Wave Counts Suggest The Correction Is Nearing Completion The Elliott Wave analysis for Hindustan Copper Ltd. (NSE) indicates a correction on the weekly chart. The broader structure follows a five-wave sequence, with waves ((1)) and ((3)) already completing their upward moves. Currently, wave ((4)) is unfolding as a double zigzag pattern (W-X-Y). Wave…
Modine Manufacturing Co. $MOD Update: 5 Waves Ended – Corrective Pullback Underway
Hello Traders! In today’s update, we’ll revisit the Elliott Wave structure of Modine Manufacturing Co. ($MOD) and provide insights into the next phase of its price action. You can check the last article here. As anticipated, the 5-wave impulsive cycle from May 2023 has concluded, and a corrective pullback has begun. This pullback presents a…
EURUSD Elliott Wave: Forecasting the Decline After 3 Waves Bounce
Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of EURUSD , published in members area of the website. As our members know, EURUSD is still trading within the cycle from the September’s peak. Recently, we saw a 3-wave recovery, followed by a decline toward…
Chainlink (LINK) Elliott Wave Analysis Targeting $50 From Pullback
Chainlink (LINK) is set to extend the recovery from May 2023. However, it must finish the current pullback from the high of December 2024. Where will the pullback most likely finish for buyers to find fresh entries? Chainlink (LINKUSD) is a decentralized oracle network that enables smart contracts on blockchains to securely interact with real-world…
IWM Analysis: Where Should Buyers Look For Next Opportunity?
IWM barely breached the November 2021 high before a significant pullback followed. However, the larger bullish cycle should resume in the coming weeks while current pullback ends above 161.69 pivot point. Where should buyers look for the next opportunity? The iShares Russell 2000 ETF (IWM) is one of the most widely traded exchange-traded funds (ETFs)…
OIL (CL_F) Elliott Wave Forecasting the Rally After 3 Waves Pull Back
In this technical article we’re going to take a quick look at the weekly Elliott Wave charts of Oil Futures (CL_F) , published in members area of the website. As many of our members are aware, the commodity has given us decent rally recently. In the following sections, we’ll delve into the Elliott Wave pattern…
Elliott Wave View: XAUUSD (Gold) Has Ended Correction and Turned Higher
Short Term Elliott Wave view in Gold (XAUUSD) suggests rally from 11.14.2024 low is unfolding as a 5 waves impulse. Up from 11.14.2024 low, wave (1) ended at 2721.41 and pullback in wave (2) ended at 2583.21 as the 1 hour chart below shows. The metal has turned higher in wave (3). Up from wave…
Bitcoin (BTCUSD) Elliott Wave Forecasting the Decline After Expanded Flat Pattern
In this technical article we’re going to take a look at the Elliott Wave charts charts of Bitcoin BTCUSD published in members area of the website. As our members know, we generally favor the long side in BTCUSD, and it has recently offered good trading opportunities. However, BTCUSD is currently correcting the cycle from the…