Primary Scenario
In our primary scenario, we expect the sell-off to continue in the near term, pushing the price into the blue Long-Term Entry Range ($109.09–$72.81), where we ideally anticipate a low around the $95.73 support. Afterward, the stock should turn higher and eventually break above resistance at $192.67.
Long-Term Outlook
We view the red Target Zone highlighted on the weekly chart ($456.31–$608.45) as the target for the broader corrective upward move. However, there is still a 30% chance that a delayed low from the previous wave could form below the $58.01 support.
In our primary scenario, we expect the sell-off to continue in the near term, pushing the price into the blue Long-Term Entry Range ($109.09–$72.81), where we ideally anticipate a low around the $95.73 support. Afterward, the stock should turn higher and eventually break above resistance at $192.67.
Long-Term Outlook
We view the red Target Zone highlighted on the weekly chart ($456.31–$608.45) as the target for the broader corrective upward move. However, there is still a 30% chance that a delayed low from the previous wave could form below the $58.01 support.
📊 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
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
📊 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
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.