US Stocks: IBKR, NIO, SNAP, ICE, OKTA Elliott Wave Analysis 23 April 2021
This weeks best stock charts for you!
Interactive Brokers Inc.,
IBKR: Daily Chart, April 23 2021
IBKR moved down as predicted since the forecast on April 19th. The C wave is now in place as predicted and should continue lower. Members could have traded the downside with a short term position and now we are looking for further upside once the correction is completed.(IBKR_4_19)
NIO: Daily Chart, April 23 2021
On April 19th I was expecting a triangle in wave 4 to take place, which provided members with a
great Risk to Reward ratio. The forecast has been successful so far, and we do expect a lot of further
upside to come. (NIO_4_19)
SNAP: Daily Chart, April 23 2021
On April 19th we were expecting further downside to come to finish Minor 2 and we were not ready
to buy yet. We have been patient and it paid off. At this stage we may expect a reversal soon.
Intercontinental Exchange Inc.
ICE: Daily Chart, April 23 2021
On April 20th we said that the pullback in three could have been bought. Since the forecast we’ve
had pullback in 3 which in the Elliott Wave Theory means that we trend is still to the upside and
therefore further upside should be expect and it is indeed developing. (ICE_4_20)
OKTA: Daily Chart, April 23 2021
On April 19th we said that we were to see if the pullbacks would have been in 3 or 5. If in 3 we suggested as always to look for long. The pullback came as you can see form today’s update and since
it was in 3 it then resumed to the upside as predicted. (OKTA_4_19)
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