American Express shares recently managed to further extend green wave C before shifting into a period of sideways movement. However, the stock is expected to resume its climb toward the high of beige wave b in the near term. After that, our primary scenario calls for a sharp pullback, which would bring price down into our blue long Target Zone between $205.35 and $167.99. We anticipate this range will mark the final low of the blue corrective wave (IV). If the stock instead maintains its momentum and decisively breaks through resistance at $397.21, the bullish alternative scenario will be triggered (probability: 38%). In that case, blue wave alt.(IV) would be considered already complete.
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.