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Waveanalyses

3M: Higher High ExpectedAt the start of the year, MMM continued to rise higher before the rally temporarily transitioned into a consolidation phase. February brought slight downward pressure, but after a brief spike back to $141 last week, buying interest returned noticeably. This triggered a strong upswing, with the stock gaining nearly 10% in just a few trading days. As a result, we have identified an internal five-wave structure within the turquoise wave 5 and now primarily assume that the magenta wave is already unfolding. This wave should extend further upward, marking the completion of the broader magenta wave (1). Afterward, we anticipate a significant wave (2) correction, which could also begin earlier. In this 35% likely alternative scenario, the stock would experience a premature sell-off below the $131.40 support, with wave alt.(2) eventually reaching our magenta Target Zone between $106.04 and $86.20.
NYSE:MMM
by MarketIntel
Polkadot: Now It’s Crunch TimePolkadot has been unable to resist the widespread downturn in the altcoin sector, giving up much of its recent gains after a solid performance in recent days. Our grayed-out Target Zone for the low of the green wave is coming back into focus – though under our primary scenario, DOT shouldn’t fall much lower in the short term. If the coin drops below the $3.80 support, however, a new bear market low in our orange Target Zone between $2.40 and $1.07 will be on the horizon. In this 39% probable alternative scenario, the coin would erase all gains since the low in October 2023, implying a new bottom for the magenta wave alt. . In our primary scenario, we expect renewed buying pressure soon, which should allow the green wave to surpass the resistance at $5.38.
BINANCE:DOTUSD
by MarketIntel
1
S&P500: Days of DecisionHovering near the 6,000 points mark, the S&P 500 enters the second half of the week at a critical juncture. The next few trading sessions will determine whether the index will push directly to new record highs or first undergo a more extended correction. In our primary scenario, the S&P should continue selling off to settle the turquoise wave 2’s low within the corresponding long Target Zone between 5,667 and 5,389 points. Only from there should the next turquoise impulse wave 3 take over, driving the index to new all-time highs beyond the resistance at 6,365 points. If the S&P immediately resumes its upward trajectory, it might break past 6,365 points without delay. In this 38% likely alternative scenario, the index would bypass the turquoise Target Zone and significantly extend the green impulse wave alt. . Primarily, we consider the green wave as already complete.
CME_MINI:ES1!
by MarketIntel
Apple: Top and DropAs part of Apple's ongoing wave (2) correction, we assume that the subordinate turquoise wave X still needs to conclude in the short term before the price can drop into our magenta Target Zone between $209.57 and $196.05. There, we anticipate a bullish reversal, which should offer trading opportunities for the long side and mark the starting point for the next major upward move. Alternatively, there is a 37% chance that the low of wave alt.(2) has already been reached, which will be confirmed if the price surpasses $260.10.
NASDAQ:AAPL
by MarketIntel
Oracle: Tilting Downward…After a sharp rebound from the $152.02 support following the steep drop from the peak of the beige wave II, Oracle is once again tilting downward as expected. The next step should see the price fall below $152.02 to reach the projected low of the beige wave III. After a countermovement of wave IV, the broader downward movement as part of the beige five-wave decline should extend further, ultimately driving the stock to the low of the overarching blue wave (A). If Oracle instead breaks above the $198.31 resistance in the short term, the macro-level light green wave alt. will rise to a new high. However, this alternative scenario holds only a 34% probability. Primarily, we assume that wave was completed with the December peak.
NYSE:ORCL
by MarketIntel
PepsiCo: Strong ReactionThe Pepsi stock recently showed a strong reaction to the support at $141.52, reinforcing the significance of this level. However, we primarily anticipate that this level will be breached next. During the ongoing magenta wave (5), the price should drop into our beige Target Zone (coordinates: $131.12 – $124.50), which presents potential long-entry opportunities. We primarily expect the beige wave a to conclude within this Zone. But if the stock instead breaks above the resistance at $165.13 (probability: 31%), this will confirm that the low of the beige wave alt.a was settled prematurely.
NASDAQ:PEP
by MarketIntel
Coinbase: Brief BreakoutCoinbase’s positive earnings initially served as a catalyst for a brief breakout from the previously established range, with shareholders enjoying a nearly 16% gain. However, the euphoria was short-lived, and the stock quickly retreated. We attribute the current fluctuation to the blue wave (v), which should provide further increases and ultimately complete the larger magenta wave above the resistance at $343.92. Adjustments to our wave count will only be necessary if the price falls below the support at $224 (probability: 33%).
NASDAQ:COIN
by MarketIntel
Ripple: Short-term Sell-offs ExpectedRipple’s recent upward push didn’t prove to be sustainable. Anyway, we primarily anticipate another significant sell-off, which should drive the price down into our magenta Target Zone between $1.69 and $1. These declines should allow the corresponding corrective wave (4) to establish a proper low. Only after this bottom has been settled do we reckon with the extended rise of the magenta wave (5), which should target new all-time highs beyond the $3.39 resistance. If XRP breaks above this green level sooner than primarily expected, the magenta wave alt.(5) will begin prematurely. Under this 33% likely alternative scenario, the magenta wave alt.(4) would have already concluded with the February 3 low, and our magenta Target Zone wouldn’t be reached.
KRAKEN:XRPUSD
by MarketIntel
1
Boeing: More RoomBoeing recently climbed higher, and we still grant the magenta wave slightly more room on the upside. However, this corrective upward movement should come to an end below the resistance at $197.20 and transition into the sell-off phase of the same-colored wave . This movement, in turn, should complete the overarching turquoise wave 2 while remaining above the support at $137.03. Afterward, the price should surge beyond the resistance at $267.54, allowing the larger magenta wave (1) to conclude. On the other hand, we see a 30% chance that Boeing will form a fresh low below the $137.03 mark during the green wave alt. .
NYSE:BA
by MarketIntel
Coca-Cola: High in Sight?!Coca-Cola has gained around 9% over the past two weeks and should now be approaching the high of the turquoise wave 4. As soon as this top is established (below the resistance at $70.74), we expect sell-offs down to the forecast low of wave (A) in magenta below the support at $60.62. However, if the stock breaks above the resistances at $70.74 and $73.53 during its current upward move, we will consider wave alt.(A) in magenta as complete. In this scenario, the subsequent wave alt.(B) would already be underway, aiming for a high within our beige Target Zone between $75.32 and $80.36 (probability: 39%).
NYSE:KO
by MarketIntel
Cloudflare: ProgressCloudflare has demonstrated impressive upward pressure, surging more than 40% in just a few days. In response, we now consider waves 3 and 4 in green as finished and locate the stock in the final stretch of this impulse move, which should ultimately complete the orange wave iii. Given that key expansion levels have already been reached, we expect the wave iii high to form soon. Afterward, we anticipate a sharp wave iv correction, with downside potential toward the $122.68 support.
NYSE:NET
by MarketIntel
Hedera Hashgraph: Target Zone AwaitsFollowing the recent sharp sell-off and the immediate rebound, Hedera Hashgraph’s HBAR has stabilized just above $0.20. Currently, the coin is attempting a small breakout to the upside. If HBAR manages to surpass the $0.39 resistance at this stage, the next impulsive move of the green wave alt. will begin earlier than primarily expected (33% likely). In our primary scenario, however, the price should still drop into our beige long-entry Target Zone between $0.17 and $0.08. There, the low of the green correction wave should be settled before wave can advance beyond $0.39.
BINANCE:HBARUSD
by MarketIntel
Polkadot: Back on the Rise?Following the recent sharp pullback, Polkadot has established an important low just above the support at $3.56, completing the orange wave ii. In the medium term, the subsequent orange impulse wave iii should drive the price significantly higher, breaking past the resistance at $11.88. However, if DOT falls below $3.56, our 39% likely alternative scenario will come into play, and the magenta wave alt. will reach a new major correction low. For this case, we have outlined our orange alternative Target Zone between $2.40 and $1.07.
BINANCE:DOTUSD
by MarketIntel
1
Meta: Breakout!META has successfully broken out of its previous consolidation, extending a powerful uptrend. This nearly “correction-free” rally has once again pushed the stock to new record highs, which aligns perfectly with our primary expectation of further gains during the larger green wave . However, given the extent of this advance, META remains vulnerable to pullbacks. Thus, we assign a 33% probability to an immediate transition into a wave alt. correction, which would be triggered by a drop below the $547.57 support.
NASDAQ:META
by MarketIntel
1
Google: Room to Head HigherFor the past two months, GOOGL has been stuck in a sluggish sideways phase, with even its latest breakout attempt quickly sold off. During the magenta wave , we still expect a new high, though a direct transition into the subsequent wave remains technically possible. In our 33% likely alternative scenario, we would have to reckon with a significantly delayed continuation of the overarching upward cycle. In this case, GOOGL would still be working through the (intermediate) correction of the green wave alt. , which would bottom below the support at $147.22.
NASDAQ:GOOGL
by MarketIntel
Ripple: Approaching Our Target ZoneWhat a strong sell-off for XRP! Since last Friday, Ripple has dropped nearly 45%, yet it still hasn’t reached our magenta Target Zone between $1.69 and $1. While XRP saw a strong rebound after the sudden plunge, the magenta wave (4) should still head for a lower low within our Target Zone in the short term. Only after this price range has been reached do we anticipate the following magenta wave (5) to strive for new record highs above the resistance at $3.39.
KRAKEN:XRPUSD
by MarketIntel
1
DUOL: mid-term trend structure Until price is holding above 13th Jan lows, my operative scenario is continuation of the upside momentum towards 420-450 resistance zone. Moving and holding above 450 level increases the probability of a continuation move towards higher resistance levels at 590+. Otherwise, until price holds bellow 450, there are significant odds of deeper correction in the mid-term before continuing macro uptrend My previous idea on NASDAQ:DUOL from Dec'23 topping actions: and update on break-out potential from Sep'24: Thank you for your attention!
NASDAQ:DUOLLong
by artemfedorov
BTC to new high...It seems that BTC to be at the beginning of wave c:B. price is supported in green zone that it includes fibonacci 1.618 of wave W and fibonacci 0.5 of wave a:B and fibonacci 1.272 wave X. I expect that price to rise to red zone that it includes fibonacci 1.38 and fibonacci 1.23 of wave A and fibonacci 1 of wave a:B. after that price completes the extended flat pattern in red zone, I expect the price to decline below the end of wave A and probably below 80,000.
Long
by Mr_elliottt
Amazon: Volatile!The Amazon stock has shown significant volatility recently but managed to recover its temporary losses of over 7% just as quickly. We still position the stock within the turquoise wave 3, which should have additional upside potential. Once this high is established—something that may have already occurred—we anticipate a wave 4 pullback before wave 5 completes the larger magenta wave (3) further to the upside. As you can see in the daily chart, this magenta wave (3) acts as a subwave of the green wave , which in turn should lead to the peak of the even larger beige wave III. Following this, we expect a more pronounced wave IV correction before another round of impulsive rallies drives the stock to new highs.
NASDAQ:AMZN
by MarketIntel