NEE Elliott Wave Analysis Trading Lounge Daily Chart,NextEra Energy Inc., (NEE) Daily ChartNEE Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor 3. DIRECTION: Top in 3. DETAILS: Looking for a three wave move in wave 2 to be soon completed, to then continue higher. Looking for Minor wave 3 to keep unfolding into a clear five wave move, the next level of resistance will be TL8 at 80$. 
NEE Elliott Wave Analysis Trading Lounge 4Hr Chart,NextEra Energy Inc., (NEE) 4Hr ChartNEE Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: Motive POSITION: Wave (v) of {iii}DIRECTION: Upside in (v).DETAILS: Looking for upside into wave (v), volume confirm the bullish move, and we have equality of {iii} vs. {i} already surpassed at 75$, 1.618 stands at 84$. 
Welcome to our latest Elliott Wave analysis for NextEra Energy Inc. (NEE). This analysis provides an in-depth look at NEE’s price movements using the Elliott Wave Theory, helping traders identify potential opportunities based on current trends and market structure. We will cover insights from both the daily and 4-hour charts to offer a comprehensive perspective on NEE’s market behavior.* NEE Elliott Wave Technical Analysis – Daily Chart*In our Elliott Wave analysis of NextEra Energy Inc. (NEE) on May 29, 2024, we observe an impulsive trend characterized by a motive structure. NEE is currently positioned in Minor wave 3, indicating a top in wave 3. We anticipate a three-wave move in wave 2 to be completed soon, after which the trend should continue higher. As Minor wave 3 unfolds into a clear five-wave move, traders should look for the next level of resistance at TL8 around $80. Monitoring this level can provide confirmation of the ongoing bullish trend. * NEE Elliott Wave Technical Analysis – 4Hr Chart*On the 4-hour chart, NEE is following an impulsive trend within a motive structure, specifically in wave (v) of {iii}. The current analysis indicates that we are looking for further upside in wave (v), with volume confirming the bullish move. The equality of wave {iii} vs. {i} has already been surpassed at $75, with the 1.618 extension standing at $84. Traders should watch for potential resistance around this level, which could offer strategic opportunities for profit-taking or positioning for further upside.More By This Author:Elliott Wave Technical Analysis: Polkadot Crypto Price News For Wednesday, May 29
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