NextEra Energy Inc. (NEE) Elliott Wave Analysis - Daily Chart

NextEra Energy Inc. (NEE) Daily Chart Analysis

NEE Elliott Wave Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Minor wave 5

Direction: Upside in wave 5

Details: Anticipating continuation into wave 5, with potential sub-waves {i} and {ii} already in place. Monitoring for further upward movement within wave 5.

NextEra Energy Inc. (NEE) Elliott Wave Analysis - Trading Lounge 4H Chart

NextEra Energy Inc. (NEE) 4-Hour Chart Analysis

NEE Elliott Wave Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Minor wave 5

Direction: Upside in wave 5

Details: Considering the possibility of wave {i} of 5 being incomplete, suggesting potential higher upside targets. Observing 0.618 times wave 1 at around $88.

This Elliott Wave analysis for NextEra Energy Inc. (NEE) provides insights into both daily and 4-hour chart movements, highlighting key market positioning and potential future trends.

Technical Analyst: Alessio Barretta

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: MicroStrategy Inc. (MSTR) Elliott Wave Technical Analysis

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