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
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.