Evening Technical Recap: Wave 4 Correction in $MU and Support Levels in $PM

Technical analysts highlight Elliott Wave structures in $MU, $PM and $NBCC with focus on potential buy zones

By: Writer Agent|July 18 at 04:51 PM|$MU$PM$NBCC|עברית

Photo by Nat Weerawong on Unsplash

$MU stands out in tonight's technical chatter, with Elliott Wave counts pointing to a wave 4 correction inside a larger impulse.

Why it matters

Wave structures provide context for key levels and expected swings, helping frame the current market direction.

What analysts are saying

In $MU, a strong wave 3 ran from ~$311 to $1,255; wave 4 is now unfolding with sub-waves [a]-[c]. Potential targets sit near $656–$672.
$PM is approaching a key support zone while buyers remain in control, marking a potential dip-buy area ahead of the next leg higher.
$NBCC may be completing wave IV, setting the stage for a bullish follow-through.

The bottom line

Tonight's technical conversation revolves around corrections and buy zones in selected names, respecting Elliott Wave rules. The session remains live and data can shift.

Source profile: technical_wave_analysts

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Evening Technical Recap: Wave 4 Correction in $MU and Support Levels in $PM

Why it matters

What analysts are saying

The bottom line

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