NEE Elliott Wave technical analysis
Function: Counter Trend.
Mode: Corrective.
Structure: Flat.
Position: Minor wave 4.
Direction: Bottom in place at wave 4.
Details: We are looking for a minor wave 4 formation, with support identified around $72.
NEE Elliott Wave technical analysis – Daily chart
The daily chart indicates that Minor wave 4 has likely found support near the $72 mark. This level is critical as it suggests that the corrective phase might be concluding, paving the way for the next upward movement. Traders should observe this support level for confirmation of a bottom.
NEE Elliott Wave technical analysis
Function: Counter Trend
Mode: Corrective
Structure: Flat
Position: Minor wave 4
Direction: Bottom in place at wave 4.
Details: The 4-hour chart shows a potential triangle in wave 4, suggesting a bottom formation and possible resumption of upward movement.
NEE Elliott Wave technical analysis – Four-hour chart
The 4-hour chart offers a closer examination of the subdivision within wave 4, indicating a potential triangle formation. This pattern suggests that wave 4 may have reached its bottom and that an upward trend could already be starting. Traders should watch for a breakout from this triangle to confirm the continuation of the upward movement.
Welcome to our latest Elliott Wave analysis for NextEra Energy Inc. (NEE). This analysis provides a detailed overview of NEE's price trends using Elliott Wave Theory, helping traders identify potential trading opportunities based on current market behavior. We will explore insights from both the daily and 4-hour charts to provide a comprehensive perspective on NEE's price action.
NextEra Energy Inc. (NEE) Elliott Wave technical analysis [Video]
As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.
Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.
Recommended content
Editors’ Picks

EUR/USD rises toward 1.0500 ahead of US data
EUR/USD finds a foothold in the second half of the day on Tuesday and rises toward 1.0500. The modest selling pressure surrounding the US Dollar helps the pair edge higher as investors await February Consumer Confidence Index data from the US.

GBP/USD regains traction, rises above 1.2650
GBP/USD gathers bullish momentum and trades above 1.2650 after declining toward 1.2600 earlier in the day. Market attention shifts to BoE Chief Economist Pill's speech and US Consumer Confidence data for further impetus.

Gold extends correction toward $2,930
Gold stays under modest bearish pressure and declines toward $2,930. US President Donald Trump is expected to sign new executive orders following the news of his administration seeking to toughen semiconductor restrictions on China.

Bitcoin edges below $90,000, ending its long streak of consolidation
Bitcoin (BTC) continues to trade in red, reaching a low of $88,200 during Tuesday’s early Europen trading session and hitting the lowest level since mid-November after falling 4.89% the previous day.

Five fundamentals for the week: Fallout from German vote, Fed's favorite figure stand out Premium
Statements, not facts, are set to dominate the last week of February. Further fallout from Germany's elections and new comments from Trump on trade may overshadow most figures –but not the Fed's favorite inflation figure.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.