Stock Trading: TSLA, AMZN, AAPL, GOOGL, FB & SQ Technical analysis Elliott Wave Forecast [Video]

Peter Mathers TradingLounge

US Stocks Amazon AMZN, Alphabet GOOG, Apple AAPL, Square SQ, Facebook FB, Tesla TSLA. Technical Analysis Elliott Wave Forecast and Trading.

US Stocks Technical Analysis Elliott Wave Forecast overview:
Stocks softer in the last session which is in line with the Bullish Weekly Cycle you can find on the tradinglounge site.

Elliott Wave Analysis Wave Count:
Amazon AMZN Elliott Wave (a) of b) of A of (4).
Alphabet GOOGL Elliott Wave (iv) of v) of 5 of (3).
Apple AAPL Elliott Wave v) of 5 of (3).
Square SQ Elliott Wave bearish count starting to gain weight, that is Wave (4).
Facebook FB Elliott Wave (v) of v) of 5 of (3).
Tesla TSLA Elliott Wave (v) of c) of B of (4).

Shortcuts to what you want:
00:00 Amazon Elliott Wave Analysis.
04:45 Alphabet Elliott Wave Analysis.
05:45 Apple Elliott Wave Analysis.
10:35 Square Elliott Wave Analysis.
14:40 Facebook Elliott Wave Analysis.
18:00 Tesla Elliott Wave Analysis.
21:00 Thank you for watching US Stocks Elliott Wave Analysis.

Premium

You have reached your limit of 3 free articles for this month.

Start your subscription and get access to all our original articles.

Subscribe to Premium Sign In

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

EUR/USD meets initial support around 1.1800

EUR/USD remains on the back foot, although it has managed to reverse the initial strong pullback toward the 1.1800 region and regain some balance, hovering around the 1.1850 zone as the NA session draws to a close on Tuesday. Moving forward, market participants will now shift their attention to the release of the FOMC Minutes and US hard data on Wednesday.

GBP/USD bounces off lows, retargets 1.3550

After bottoming out just below the 1.3500 yardstick, GBP/USD now gathers some fresh bids and advances to the 1.3530-1.3540 band in the latter part of Tuesday’s session. Cable’s recovery comes as the Greenback surrenders part of its advance, although it keeps the bullish bias well in place for the day.

Gold hangs near one-week low; looks to FOMC Minutes for fresh impetus

Gold is consolidating just above the $4,850 level, having touched a one-week low on Tuesday, amid mixed cues. Signs of progress in US–Iran talks dent demand for the traditional safe-haven bullion. Meanwhile, rising bets for more Fed rate cuts keep the US Dollar bulls on the defensive and act as a tailwind for the non-yielding yellow metal. Traders also seem reluctant ahead of the FOMC Minutes, which would offer cues about the Fed's rate-cut path and provide some meaningful impetus.

RBNZ set to pause interest-rate easing cycle as new Governor Breman faces firm inflation

The Reserve Bank of New Zealand remains on track to maintain the Official Cash Rate at 2.25% after concluding its first monetary policy meeting of this year on Wednesday.

UK jobs market weakens, bolstering rate cut hopes

In the UK, the latest jobs report made for difficult reading. Nonetheless, this represents yet another reminder for the Bank of England that they need to act swiftly given the collapse in inflation expected over the coming months.

Ripple slides to $1.45 as downside risks surge

Ripple edges lower at the time of writing on Tuesday, from the daily open of $1.48, as headwinds persist across the crypto market. A short-term support is emerging at $1.45, but a buildup of bearish positions could further weaken the derivatives market and prolong the correction.