VitalDirection

VitalDirection

From a technical perspective, we believe gold is currently in the process of completing Wave 4. The rally to $2,850 marked the end of Wave B, a pivotal moment before a corrective pullback. Our analysis suggests that this pullback, classified as Wave C of Wave 4, is expected to drive gold prices down to approximately $2,400 per ounce. This corrective phase is...

VitalDirection

At Vital Direction, our Elliott Wave, Fibonacci, and Gann analysis suggests that the S&P 500, Nasdaq, Russell 2000, and broader U.S. markets are approaching a major topping formation, setting the stage for a sharp 10-15% correction. We anticipate this downturn to unfold between now and mid-April, with potential bottoming phases emerging either in early March or...

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Our Elliott Wave analysis suggests that Tesla is gearing up for a strong rally to the $428 region by the first week of February. However, we anticipate a sharp correction thereafter, with the price dipping towards $310 by the last week of February before launching into a massive bullish wave, ultimately breaking the $500 resistance! This movement aligns with our...

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NIO (NYSE: NIO) is poised for a massive surge as it completes an ABC correction, with the C-wave forming an ending diagonal. From the current price of $4.43, we anticipate a strong breakout, pushing the stock past the $7.50 resistance and igniting further bullish momentum. ⚡ Key Levels to Watch: 🔹 Bullish Target: $7.50+ 🔹 Invalidation Level: Any drop below...

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SPX500 has formed a bullish triangle, signalling an imminent move higher. Our Elliott Wave analysis suggests a rally from the current price of 6,050 to a double top around 6,130. However, a break below 6,029 would invalidate this bullish scenario. After reaching the 6,130 level, we anticipate a sharp downturn to new lows.

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Trump Meme Coin is setting up for a major move! Based on our Elliott Wave analysis, we expect the price to rally from the current level of $28 into the $40–$50 range, forming an X-Wave. Once this target is reached, we anticipate a reversal, leading to lower price levels.

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Gold has been following a defined Elliott Wave pattern, and our analysis suggests significant movement ahead. Since touching the $2,600 mark per ounce, gold rallied to a high near $2,750. This move aligns with the completion of a sub-wave structure within the larger Elliott Wave cycle. The Wave Structure From a technical perspective, we believe gold is currently...

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AMC stock has captivated the market with its dramatic price movements and retail-driven interest. Earlier, we projected a bottom at $4, predicting a robust rise to $18 and potentially $40. While AMC reached $5.50, this was later identified as an X-wave within a complex WXYXZ corrective pattern based on Elliott Wave Theory. Our renewed analysis now suggests that...

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Since its recent peak in August 2022 at a price of $10, natural gas has embarked on a substantial corrective journey. From an Elliott Wave perspective, this move is shaping as an ABC correction. The initial A wave was a sharp decline, followed by a rebound to the $4 level, forming the B wave. This B wave unfolded as an expanding flat correction, demonstrating...

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Lucid Group (LCID) has experienced a steep decline since its historic peak on 15th November 2021, when it reached approximately $57 per share. The downtrend, spanning over two years, is best interpreted as a classic ABC corrective structure based on Elliott Wave Theory. However, recent technical signals suggest this prolonged bearish phase may have concluded with...

VitalDirection Updated 

BABA Daily Elliott Wave Count showing 1-2/1-2 formation, which should push significantly higher from this level. However, a touch of $82.64 would invalidate our current bullish scenario.

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MicroStrategy Incorporated (MSTR), renowned for its substantial Bitcoin holdings and its pivotal role in business intelligence solutions, is catching the attention of market analysts once again. Since its historic peak of $540 per share, the stock has undergone a complex corrective phase. From an Elliott Wave perspective, this correction unfolded as an A-B-C...

VitalDirection Updated 

AMC Entertainment Holdings (AMC) has shown intriguing market behaviour recently. Since its low of $4.03, the stock staged an upward move, peaking at $5.50. This move could be seen as corrective, but due to its correlation with GameStop (GME) and retail investor sentiment, we interpret it as an impulsive contracting diagonal wave. The subsequent drop to $4.30,...

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A Look at BABA’s Resurgence Since its monumental high of $300 in October 2020, Alibaba Group Holdings Ltd. (BABA) has experienced a prolonged downtrend, culminating in a key low around $58. Our analysis indicates that this low may signify the conclusion of a major corrective phase, paving the way for a potential bullish revival. Targets and Scenarios From $58,...

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Unveiling the Potential of NVAX Novavax (NVAX), a notable biopharmaceutical stock, has witnessed a dramatic journey, plunging from its February 2021 high of approximately $330 to a critical low of $3.53 in February 2024. While this decline may appear daunting, our technical analysis suggests that it marks the completion of a triple WXYXZ corrective structure....

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Aleph Zero (AZERO/USDT), a blockchain solution that has captured the imagination of crypto enthusiasts, may be gearing up for a monumental bullish breakout. Since its spectacular peak at $3 in April 2022, Aleph Zero has undergone a textbook ABC correction based on Elliott Wave Theory. Wave A saw a decisive five-wave descent, followed by Wave B—a contracting...

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NIO, the prominent Chinese electric vehicle company, presents an exciting technical picture. After bottoming at $3.63, the stock rallied to $7.70 in a five-wave impulsive pattern. This rise spanned thirty-six bars (fifty-three days), gaining $4.07. Following this, a wave two correction brought the price down to $4.31 over thirty-seven bars (fifty-one days),...

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Since bottoming at $4.17, AMC surged to a peak of $4.87, completing five impulsive waves. Wave 4 formed a complex contracting triangle before wave 5 topped at $4.87 around 6:30 PM London time. From this peak, AMC experienced a sharp correction, likely bottoming near $4.26. From here, our analysis points to a significant rally, breaking above the $5 mark, with...