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Waveanalyses

Binance: Excited! 😬Lately, Binance has been jumping up and down below the resistance at HKEX:347 excitedly, even hopping above this mark once to finish wave (b) in blue. To complete wave (c) in blue as well as wave ii in magenta, the altcoin should move a bit more purposefully, diving into the magenta-colored zone between $304.40 and $274.90. There, our crypto friend should gain enough upwards momentum to develop wave iii in magenta and thus make it above the hurdle at HKEX:347 effectively. There is a 27% chance, though, that Binance could skip the magenta-colored zone, climbing above HKEX:347 directly to expand wave alt.iii in magenta earlier already.
BINANCE:BNBUSD
by MarketIntel
Barrick: Dig Deeper! ⛏Barrick still has got heaps of digging operations to do. The share should continue the downwards movement it has started from the last high of wave (iv) in blue and drop below the support line at $12.65. Thereupon, Barrick should enter the yellow zone between $11.97 and $6.32 to develop wave (2) in yellow, whose low should then complete the overarching downwards trend and thus initiate fresh upwards movement. However, there is a 35% chance that Barrick could turn northwards earlier, climbing above the resistance at $22.80. In that case, the share should proceed and rise above $26.07 and $31.22 as well.
NYSE:GOLD
by MarketIntel
BOIL: Boiling up and down 🥘Still a bit tentatively but visibly, ProShares Bloomberg Natural Gas (aka BOIL) is starting to boil up, quite in accordance with our expectations. As the first part of a three-part counter movement, the ETF should climb further upwards to finish wave a in magenta, before wave b in magenta should return it to its current level. From there, BOIL should rise into the yellow zone between $7.11 and $19.05 to complete wave c in magenta as well as wave (4) in yellow, whose high should then initiate the overarching downwards trend’s final step: wave (II) in white.
AMEX:BOIL
by MarketIntel
8
Ripple: Dive 💦Ripple should continue the header it started from the high of wave (iv) in blue, diving into the turquoise zone between $0.3747 and $0.1720. To complete wave (c) in magenta, the altcoin should even sink below the support at $0.2874 before bobbing up again. There is a 35% chance, though, that Ripple could reject another bath and climb above the resistance at $0.5847 instead to develop wave alt.i in orange. In that case, we would consider wave alt.(c) in magenta to be already finished.
KRAKEN:XRPUSD
by MarketIntel
3
Dow Jones: Spring Fever 🥱Has Dow Jones caught spring fever? At the moment, the index seems to lack the necessary drive to continue expanding wave (i) in blue. However, we expect Dow Jones to pull itself together soon and to summon up enough momentum to make it above the resistance at 35 521 points. The index should not surmount the higher mark at 36 446, though, but finish the current movement and turn downwards again. There is also still a 35% chance that Dow Jones could slip below the support at 28 635 points, heading for a new low in the form of wave iv in magenta.
CBOT_MINI:YM1!
by MarketIntel
Visa: Vis – à – vis 👀Visa is moving just under the resistance at $235.85 – vis-à -vis with this mark, so to speak. Soon, the share should climb above this level, though, to complete wave b in magenta. This done, it should return below $235.85 and continue the descent below the support at $208.76, dropping into the turquoise zone between $204.28 and $187.10. There, the stock should finish wave 2 in turquoise, whose low should then initiate fresh upwards movement. However, there is a 34% chance that this low could already be established in the form of wave alt.2 in turquoise. In that case, Visa would maintain the upwards momentum.
NYSE:V
by MarketIntel
1
McDonald’s: Dig In! 🍴🐻After a long period of bullish appetite, the bears should dig in now. McDonald’s has thoroughly tapped the magenta-colored zone between $291.18 and $287.84 and also touched at the green zone between $294.18 and $290.10, completing wave in magenta as well as wave B in turquoise. Now, the share should drop out of the zone-compound in magenta and green and fall back below the mark at $282.43. Thus, the stock should gain enough downwards momentum to make it below the support at $259.51, where it should finish wave C in turquoise and wave (2) in magenta before turning upwards again. There is a 35% chance, though, for McDonald’s to continue climbing, leaving the green zone on the northern side. In that case, we would consider wave alt.(2) in magenta to be already finished.
NYSE:MCD
by MarketIntel
2
Aurora: Floating 🌊Aurora is floating and relaxing in our turquoise zone between $1.19 and $0.55 and has drifted below the 61.80%-retracement at $0.95. Although the share could finish wave II in white anytime as it has sufficiently tapped the turquoise target zone, we rather expect Aurora to sink a bit deeper still to conclude the current movement. However, by the bottom of the turquoise zone, the share should establish the low of wave II in white and subsequently turn upwards, heading for the resistance at $2.15.
TSX:ACB
by MarketIntel
Broadcom: Slide 🛝Broadcom is amusing itself in the playground consisting of the green zone between $648.08 and $577.41 and has lately been lingering mainly at the 78.60%-retracement at $621.54. However, soon, the share should switch over to the red slide leading below the support at $572.10 and into the lower green zone between $531.78 and $465.02 to finish wave 2 in green. This low should then grant the share new upwards momentum. There is a 37% chance, though, that Broadcom could prefer the jungle gym and thus climb above the resistance at $648.50. In that case, we would expect a new high in the form of wave alt.1 in green in the magenta-colored zone between $673.07 and $774.04 first, before the downwards movement can start again.
NASDAQ:AVGO
by MarketIntel
Altria: You Can Get It If You Really Want 💪You can get it if you really want, You can get it if you really want, You can get it if you really want, But you must try, try and try, Try and try, you′ll succeed at last. Altria should take the lyrics of this famous rocksteady song by Jimmy Cliff to heart and continue trying to reach the compound consisting of the turquoise zone between $50.29 and $52.07 and the magenta-colored zone between $50.67 and $53.47. The share can then use either of both zones to complete wave B in turquoise before turning downwards again, resuming the descent below the support at $40.35 to develop wave C in turquoise. There is a 35% chance, though, for Altria to start the downwards movement below $40.35 earlier. In that case, the share would have finished wave alt.B in turquoise by now, would ignore the zone-compound on the upper side and thus deploy wave alt.C in turquoise directly.
NYSE:MO
by MarketIntel
Pan American Silver: Resurfacing? 🤿After it had initially been dragged back to the bottom of the blue zone between $13.94 and $21.88, Pan American Silver is currently taking another whack at resurfacing from its depths. By now, the course has managed to establish a new high since the end of wave (ii) in blue and should continue the ascent. We expect the share to leave the blue zone on the northern side, heading for the resistance at $40.11, which should be conquered in due time. However, there is still a 48% chance that Pan American Silver could slip out of the blue zone and drop below the support at $10.61, thus initiating further downwards movement below the next mark at $5.38.
P
by MarketIntel
Gold: Shaken, not stirred 🍸Like James Bond, gold seems to prefer shaking to stirring, as its recent movements suggest. In the course of wave B in turquoise, the metal has been bucketed about quite thoroughly and still has got some room left to expand the current ascent. As soon as wave B in turquoise is finished, though, gold should turn downwards and resume the overarching descent by developing wave (4) in yellow. However, there is a 35% chance that the precious metal could use the turquoise zone between TADAWUL:1830 and HKEX:1709 as an early exit, completing wave alt.2 in turquoise and shifting upwards from there.
COMEX:GC1!
by MarketIntel
Walmart: Within Reach 🙌Ever been to the supermarket and couldn’t reach the topmost rack? Walmart seems to have a similar problem, struggling to let go of the mark at $150.12 to hit the turquoise zone between $152.54 and $161.76. However, we expect the share to touch at this area soon to finish wave B in turquoise. This done, it should turn downwards, returning below $150.12 and slipping further below the support at $136.09 to complete wave (A) in magenta. After a short counter movement back above $136.09, the share should drop below the support at $117.27 and into the gray zone between $116.49 and $105.01 to place the final low of wave IV in gray, which should then initiate a new upwards trend. There is a 37% chance, though, that Walmart could shoot through the turquoise zone and conquer the resistance at $161-76 directly.
NYSE:WMT
by MarketIntel
Fresnillo: Easter Egg Hunt 🥚🐣🐰Has Fresnillo gotten lost, hunting for Easter eggs? We don’t think so! We rather understand the share to be swerving, interspersing its way with a little counter movement. Soon, the course should return to the main path and fall below both the supports at GBP 610 and GBP 456.60 to continue the descent. However, a 30% chance remains for Fresnillo to make a more extensive detour. In that case, the share would climb above the resistance at GBP 997 to develop wave alt.B in turquoise in the turquoise zone between GBP 1086.00 and GBP 1292.50 first before heading downwards again.
LSE:FRES
by MarketIntel
PayPal: More Weight! 🏋️Load up – PayPal needs more weight to gain enough downwards pressure! We expect the share to make it below the support at $66.11 and thus into the gray zone between $66.16 and $34.93. There, the course should complete wave II in gray and take off above the resistance at $93.52 afterward. However, there is a 35% chance that PayPal could conquer this mark earlier and skip its visit to the gray zone. In that case, we would consider wave alt.II to be already finished.
NASDAQ:PYPL
by MarketIntel