Elliott Wave Forecast Team
ElliottWave-Forecast.com
NextEra Energy, Inc., (NEE) is an American Energy company through its subsidiaries generates, transmits, distributes & sells electric power to retail & wholesale customers in North America. The company generates electricity, through wind, solar, nuclear, natural gas & other clean energy. It is based in June Beach, Florida, comes under Utility sector & trades as “NEE” ticker at NYSE.
In daily, it favors upside from October-2023 low & confirms bullish sequence, when break above $93.73 high. Currently, it favors upside in ((5)) to finish I & soon will starts correcting in II in 3, 7 or 11 swings pullback.
NEE – Elliott Wave latest weekly view
In Monthly sequence, it ended ((I)) at $93.73 high in December-2021, since its inception. It corrected lower in ((II)) as double correction, which ended at $47.15 low in October-2023 low. Within ((II)), it placed (w) at $67.22 low, (x) at 76.67 high as triangle structure & (y) at $47.15 low.
Above ((II)) low, it favors upside in I of (I) of ((III)) & need to break above $93.73 high to confirm the bullish sequence. Above $47.15 low, it placed ((1)) of I at $64.59 high as diagonal, ((2)) at $53.95 low, ((3)) at $80.47 high & ((4)) at $68.97 low. Currently, it favors upside in ((5)) started from June-2024 low & expect small upside to finish I while high comes with momentum divergence. Later, it should correct in II in 3, 7 or 11 swings against October-2023 low before resume higher. If it extends higher & erase the momentum divergence, then it will be nesting in (I). We like to buy the pullback in 3, 7 or 11 swings, once it confirms bullish sequence. Until it breaks above December-2021 high, it can remain choppy or do larger double correction in ((II)), if breaks below $47.15 low.
FURTHER DISCLOSURES AND DISCLAIMER CONCERNING RISK, RESPONSIBILITY AND LIABILITY Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of xperience and risk appetite. Do not invest or trade capital you cannot afford to lose. EME PROCESSING AND CONSULTING, LLC, THEIR REPRESENTATIVES, AND ANYONE WORKING FOR OR WITHIN WWW.ELLIOTTWAVE- FORECAST.COM is not responsible for any loss from any form of distributed advice, signal, analysis, or content. Again, we fully DISCLOSE to the Subscriber base that the Service as a whole, the individual Parties, Representatives, or owners shall not be liable to any and all Subscribers for any losses or damages as a result of any action taken by the Subscriber from any trade idea or signal posted on the website(s) distributed through any form of social-media, email, the website, and/or any other electronic, written, verbal, or future form of communication . All analysis, trading signals, trading recommendations, all charts, communicated interpretations of the wave counts, and all content from any media form produced by www.Elliottwave-forecast.com and/or the Representatives are solely the opinions and best efforts of the respective author(s). In general Forex instruments are highly leveraged, and traders can lose some or all of their initial margin funds. All content provided by www.Elliottwave-forecast.com is expressed in good faith and is intended to help Subscribers succeed in the marketplace, but it is never guaranteed. There is no “holy grail” to trading or forecasting the market and we are wrong sometimes like everyone else. Please understand and accept the risk involved when making any trading and/or investment decision. UNDERSTAND that all the content we provide is protected through copyright of EME PROCESSING AND CONSULTING, LLC. It is illegal to disseminate in any form of communication any part or all of our proprietary information without specific authorization. UNDERSTAND that you also agree to not allow persons that are not PAID SUBSCRIBERS to view any of the content not released publicly. IF YOU ARE FOUND TO BE IN VIOLATION OF THESE RESTRICTIONS you or your firm (as the Subscriber) will be charged fully with no discount for one year subscription to our Premium Plus Plan at $1,799.88 for EACH person or firm who received any of our content illegally through the respected intermediary’s (Subscriber in violation of terms) channel(s) of communication.
Recommended content
Editors’ Picks
EUR/USD declines toward 1.0950 ahead of FOMC Minutes
EUR/USD stays on the back foot and retreats to the 1.0950 area on Wednesday, pressured by the renewed US Dollar (USD) strength. Investors wait for the Federal Reserve (Fed) to publish the minutes of the September policy meeting.
GBP/USD trades at multi-week lows below 1.3100
GBP/USD is trading close to multi-week lows below 1.3100 on Wednesday. The US Dollar adds to recent gains as the risk mood continues to sour. The outcome of the US Treasury's 10-year note auction and FOMC Minutes could drive the pair action later in the day.
Gold loses its shine, approaches $2,600
Spot Gold fell to $2,604.66 on Tuesday, bouncing modestly afterwards. The XAU/USD pair nears such a low early in the American session as investors await the FOMC Meeting Minutes and Fedspeak.
Fed Minutes Preview: Details on decision to trim rates by 50 bps in September take centre stage
The Minutes of the Fed’s September 17-18 policy meeting will be published on Wednesday. Details of Jerome Powell and co’s decision to trim interest rates by 50 basis points taking centre stage.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
Five best Forex brokers in 2024
VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals.