US Stocks: ADBE, IBKR, NIO, OKTA, SNAP, 19 April 2021
Elliott Wave Analysis
Adobe Inc., ADBE
Daily Chart, April 19 2021
Everything is moving as planned, we should see further upside. The move is actually being more aggressive than I thought, so let’s not be surprised if we see a pullback, which could be wave iv). As long as it is in 3, we can buy it.
Interactive Brokers Group Inc IBKR
Daily Chart, April 19 2021
As predicted, the b) wave was not completed. At this point I’d like to see further downside to completed c) of 4. We already have some potential reversal point between 72$ and 68$. Also around 70$ we have equality in length of Minor 2 compared to Minor 4. That area will most likely be a strong support zone.
Nio Inc., NIO
Daily Chart, April 19 2021
The triangle in wave 4) could actually be in place and a long position with a very tight SL could be
taken into consideration. We cannot break the wave C low at around 33.8$
Okta Inc. OKTA
Daily Chart, April 19 2021
At this stage I had to change count and came up with a bullish alternate. Once and if we’ll get a pullback to the downside, we’ll see whether it’ll be in 3 or 5 swings.
Snap Inc SNAP
Daily Chart, April 19 2021
Snap moving as planned, it’d be better if we get another leg down before resuming higher.
Looking to Refine Your Trading and Technical Analysis Skills?
$1 for a 20 Day Trial Membership to see for your self!
Please Note: Videos are placed out Monday, Wednesday and Friday.
Charts are posted every day for Intraday, 4 hr, daily and weekly.
Education: Elliott Wave Structures
Elliott degrees in order: Grand Super cycle wave, Super cycle wave, Cycle wave, Primary wave, Intermediate wave, Minor wave, Minute wave, Minuette wave and Subminuette wave.
Elliott Wave News SP500 (SPX) NASDAQ (NDX)
This Elliott Wave Analysis is suitable for tracking the QQQ, dow jones DJI DJIA Emini (ES) SPY Futures Index, this video uses Contracts for Difference (CFDs) known as CFD Trading indices / Index trading.Technical Analysis Elliott wave and Trading Levels.
E-mini ES SPY Futures Index
S&P 500 E-Mini Futures Trading/ S&P 500 E-Mini Futures
S&P 500 Technical Analysis
S&P 500 News
Trading indices / Index trading. Technical Analysis Elliott wave and Trading Levels.
Elliott Wave technical analysis, OKTA Elliott Wave, Okta Inc.,Snap Inc, SNAP Elliott Wave, Interactive Brokers Group Inc, IBKR Elliott Wave, Adobe Inc., ADBE Elliott Wave, Nio Inc., NIO Elliott Wave,