Elliott Wave Forecast

Nokia is a Finnish multinational telecommunications, consumer electronics and information technology company. Founded 1865, it is headquartered in Espoo, Finland. Investors can trade it under the ticker NOKIA Stocks at Nasdaq Nordic OMX and at Euronext Paris. The company is a part of Euro Stoxx 50 (SX5E) index. Also, one can trade Nokia under the ticker $NOK in US in form of ADRs. Today, Nokia is employing more than 100’000 people, it is doing business in more than 130 countries and it is the world’s third-largest network equipment manufacturer.

Short term Elliott Wave view on Nasdaq (NQ) suggests the decline from 8.17.2022 high is unfolding as a zigzag Elliott Wave structure. Down from 8.17 high, wave A ended at 12017.75. Wave B ended at 12986.74 with internal subdivision as an expanded flat. Up from wave A, wave ((a)) ended at 12461.50 and dips in wave ((b)) ended at 11921.50. Wave ((c)) higher ended at 12986.74 which also completed wave B.

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Short term Elliott Wave view on SPDR S&P 500 (ticker: SPY) suggests the ETF shows a bearish sequence from 8.17.2022 high favoring further downside. The decline lower from 8.17.2022 high is unfolding as a zigzag Elliott Wave structure. Down from 8.17 high, wave A ended at 390.04. Wave B corrective rally unfolded as an expanded Flat structure.

JPMorgan Chase & Co. Stock (JPM) is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of December 31, 2021, JPMorgan Chase is the largest bank in the United States, the world’s largest bank by market capitalization, and the fifth-largest bank in the world in terms of total assets, with total assets totaling to US$3.831 trillion.

Good day Traders and Investors. In today’s article, we will look at the past performance of 1 Hour Elliottwave chart of Boeing Stock ($BA). The decline from 08.16.2022 high is unfolding as a Double three (WXY) and made a lower low on 09.14.2022 which created a bearish sequence in the 1H timeframe. Therefore, we knew that the structure in $BA is incomplete to the downside & should see more weakness. So, we advised members to sell the bounces in 3, 7, or 11 swings at the blue box area. We will explain the structure & forecast below:

Short term Elliott Wave view on Apple Stock (AAPL) suggests that the decline from 8.18.2022 peak is unfolding as a zigzag Elliott Wave structure. Down from 8.18.2022 high, wave ((A)) ended at 153.69 and rally in wave ((B)) ended at 164.90. Internal subdivision of wave ((B)) unfolded as an expanded Flat structure.

Short term Elliott Wave view on AMD stocks suggests the decline from 8.5.2022 high is unfolding as a zigzag Elliott Wave structure. Down from 8.5.2022 high, wave 1 ended at 90.9 and rally in wave 2 ended at 97.60. The stock resumes lower in wave 3 towards 78.52 and rally in wave 4 ended at 83.80. Stock resumes the final leg lower in wave 5 towards 77.74 which ended wave (A).

Short term Elliott Wave view on Dow Futures suggests the decline from 8.17.2022 high is unfolding as a zigzag Elliott Wave structure. Down from 8.17.2022 high, wave A ended at 31221. Wave B corrective rally ended at 32791 with internal subdivision as an expanded Flat structure. Up from wave A, wave ((a)) ended at 32029. Wave ((b)) extended below wave A in 3 swing and ended at 30975. Index then rallied in wave ((c)) as a 5 waves impulse.