Spotify has already come quite close to our turquoise Short Target Zone (coordinates: $725.67–$829.30). In our primary scenario, we continue to expect further upside in the near term, as the projected peak of wave B should materialize within this zone—a range that could present opportunities to lock in long-side gains or initiate short positions. Once the top is in place, we anticipate a more pronounced downward move. The focus then shifts to the magenta Target Zone (coordinates: $452.69–$390.93), which we consider a potential accumulation range for new long positions. That said, we’re also monitoring an alternative path, currently assigned a 36% probability. In that scenario, magenta wave alt.(5) would already be underway—meaning prices would bypass the magenta zone altogether.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.