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Elliott Wave

BITCOIN → Correction to the risk zone. Rise or fall?BINANCE:BTCUSDT has updated its local maximum to 97,900, the market structure is quite positive, but still depends on the fundamental background and the behavior of the S&P 500. The fundamental reasons that influenced the growth are the improvement in the tariff situation in the US and relations with China. Bitcoin's growth strengthened as the SP500 index rose, with which it has a fairly high correlation. In the second half of this week, the price broke out of the two-week consolidation, breaking through the resistance level of 95,500 and updating the local maximum. A correction is forming within the local upward channel. 95,000 is the liquidity and risk zone. That is, if the bulls hold their defense above 95K during the retest, Bitcoin will continue to grow in the short and medium term. Otherwise, a break of 95K could trigger a drop to 92K-88K. Resistance levels: 97,425, 99,475 Support levels: 95,500, 92,000 All eyes are on the 95.5K support level, below which a huge liquidity pool has formed. Growth may be influenced by a retest (false breakout of support) and an imbalance of forces in the market. But we need to be careful, as the market will react to economic data. BUT! A return of prices to the selling zone (below 95000 - 95500) and the inability to continue growth could trigger a correction and liquidation. Best regards, R. Linda!
Long
by RLinda
22
Gold - This week drop to 3167! (best level to buy)Gold recently dropped from 3500 to 3201, which is a pretty significant correction, but I think we are going to go lower. There is a lot of liquidity below the previous triangle and untested major swing high from 2nd April. In general, triangles act like a magnet for whales. When you see a triangle on the chart, you can be almost sure that the price will go back and take liquidity below it. Or at least retest the POC level of a triangle if the trend is very strong. The 0.618 FIB is the strongest FIB. Then we have the 0.382 and 0.5. If the price is near the 0.618 FIB, there is a very high chance that we are going to hit this level sooner or later. Gold is near this strong fib level + we have to retest the previous swing high. Right now I am pretty bearish on gold, and I think this week we are going to lower and test 3167. But I am very curious - what do you think about gold, and what is your ultimate bottom to buy it? Tell me in the comment section. Trading is not hard if you have a good coach! It is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
OANDA:XAUUSDShort
by Xanrox
20
GOLD → Gold not ready to fall? What's going on?FX:XAUUSD is forming a local bottom and is not ready to continue falling. The price is breaking through the downward resistance amid a weakening dollar and a complicated fundamental backdrop. At the beginning of the week, the price of gold stabilized above $3,250 as investors returned to defensive assets due to ongoing uncertainty surrounding US trade agreements with China and Japan, as well as growing geopolitical tensions in the Middle East and Ukraine. The weakness of the dollar ahead of the Fed meeting and declining expectations of a rate cut are also supporting demand for gold. The focus remains on US trade news and the possible hawkish tone of the Fed this week. Technically, the price is testing the bottom of the range as resistance. If there is no reaction to the false breakout and the price continues to storm 3268, then a breakout and consolidation above the level will allow it to strengthen to 3292-3314. Resistance levels: 3269, 3294, 3314 Support levels: 3243, 3222, 3204 The price is forming a second retest of 3269 since the session opened. Buyers are testing resistance for a breakout. If the bulls break 3269 and consolidate above 3270, the chances for growth will be good. I do not rule out the possibility of a retest of the liquidity zone at 3243 before growth. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
8
BTC: Balancing on the EdgeBitcoin held the $90.5K level and managed to flip prior resistance into support—an encouraging development, especially given how close price was hovering to the so-called danger zone. That flip marked a technical win for bulls, signaling potential strength in the short-term structure. However, we’re not entirely out of the woods just yet. While price is holding above support and showing some resilience, we’re still trading uncomfortably close to the edge of the recent consolidation zone. For now, $91.5K stands as the ideal level to hold. The concern? If price starts slipping back below this newly established support, especially with conviction, that could be a signal of deeper retracement on the table. The bullish narrative would weaken significantly if we revisit and fail to defend those levels, potentially opening the door for a more sustained correction. So, while the short-term structure remains cautiously optimistic, this isn’t the time for complacency. The market’s still in a precarious spot, and clarity will only come with either continued strength—or a confirmed break below support. Eyes on $91.5K for now. Hold that, and the momentum favors the bulls. Lose it, and the deeper pullback scenario comes back into play. Trade Safe, Trade Clarity.
COINBASE:BTCUSDLong
by CryptoKnee
2
USDCAD → Storming the support level to break throughFX:USDCAD continues to storm support within the trading range amid a global downtrend The currency pair is within the range, but the battle for support continues. The reaction to false breakouts is weakening and the price continues to attack the 1.378 level, which only increases the chances of a further decline The dollar is rebounding from resistance and beginning to fall, which is having a corresponding effect on USDCAD. If the currency pair breaks 1.378 and consolidates below the level, this could trigger a continuation of the trend after consolidation... Resistance levels: 1.381, 1.383 Support levels: 1.378, 1.374 Focus on the lower boundary of the trading range at 1.378. The role of the range is consolidation against the backdrop of a downtrend. Thus, a breakout of support will activate the distribution phase Best regards, R. Linda!
Short
by RLinda
4
Gold Completes Wave 4 - Pullback – Time for the Next PushGold ( OANDA:XAUUSD ) touched $3,223 as I expected in the previous idea (Full Target) . Gold has managed to break the Resistance zone($3,308-$3,293) and is trying to break the Resistance lines and complete the pullback . In terms of Elliott wave theory , it seems that Gold is completing microwave 4 , which could act as a pullback to the broken Resistance zone($3,308-$3,293) . After the completion of microwave 4 , we should expect Gold to attack the Resistance lines to complete microwave 5 . I expect Gold to rise to at least $3,232 , and if the Resistance zone($3,387-$3,357) breaks, we can expect further gains . Note: If Gold touches $2,272 (the worst Stop Loss(SL)), we can expect further declines. Gold Analyze ( XAUUSD ), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
4
Please be carefulIn principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do not like this analysis, there is no problem. Just ignore it. My goal is to spread the benefit. I am not one of the founders of the currency. It appears in front of me. According to Elliott's rules, this is a triangle consisting of five internal waves. This is considered a B wave, and then it falls again in a final C wave. Confirmation of the trend is when it breaks the top of wave D, from which this decline is confirmed. The analysis fails only if it breaks the top of wave D. Good luck
Short
by KhaldHegazy
19
NIFTY50.....Buying panic all around! Hello Traders, the NIFTY50 has extended my cited price area to ~24620 range. It was exactly @ 24589.15 points! Here, a wave iii (blue) ended! Chart analysis: If this was all of waves (5) of iii (blue), the next move could be a wave iv (blue) to around the range of 23709 to 23845.15 zone! This one should morph into an a-b-c correction, or a triangle. While triangles are the most often failed chart patterns during a wave iv of any degree is, we will focus on the a-b-c correction! So, one higher high is still missing, but I guess the next high will be just a wave ((i)) of v (blue) with more highs to come! As I am in a hurry, only a short update today. I'll try to publish another update by Wednesday. Have a great Sunday..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk.
NSE:NIFTY
by ruebennase
2
Fibonacci Confluence Fuels Gold’s Next Rally: Wave (Y) InsightThis 4-hour chart of XAU/USD is showcasing a WXY corrective pattern, a classic double zigzag (W)-(X)-(Y) correction after a strong impulsive move Wave (W) has topped, marking the end of the first corrective leg. A deep correction into the 0.5 Fibonacci retracement level occurred with wave (X), forming a potential higher low within the red demand zone. Now, wave (Y) is anticipated, which typically mirrors or slightly exceeds the length of wave (W) but in a more corrective format. Target 1: 3292.629 Target 2: 3372.161 Stop loss: 3201.955
OANDA:XAUUSD
by Money_Dictators
UJ Impulse Wave 5 IncomingFX:USDJPY seems to have finished Wave 4 being a Correction Wave of the Elliot Wave Theory and looks to be prepping for the start of Wave 5 being an Impulse Wave! Now Price has not only made a 38.2% Retracement to 143.6 of the 145.941 Swing High that ended Wave 3 but is testing Break of Previous Structure being Past Resistance attempting to turn it into Support if enough Buyers enter the market in this opportune area. Price Action during the Correction of Wave 4 has formed a Falling Wedge Pattern, typically seen as a Continuation Pattern. For this to be fact, we will need to see a Bullish Breakout to the Falling Resistance followed by a successful Retest of the Break where the Long Opportunities should present themselves. Once Wave 5 is confirmed, we can expect Price to work from here and potential reach the Potential Range Target of ( 148.662 - 150.245 )
Long
by Novi_Fibonacci
Don't Miss this: Mastering Wave 3 Targets in Elliott Wave TheoryHello friends, Welcome to RK_Chaarts, Today we'll analyze WOCKHARDT LTD's chart using the Elliott Wave theory for educational purposes. In this educational series, we'll explore how to assume the target of wave three. Today's topic is specifically focused on understanding the measurements and projections for wave three. We can see that wave one on the monthly chart is complete, and wave two has also ended. Currently, we're likely in wave three. Generally, wave three's target is 161.8% of wave one. If wave one is 100 points, wave three's target would be around 162 points. If extended, it can reach 261 points, 361 points, or even 423% in rare cases. However, a key rule is that wave three will never be the shortest. If it's not extended, we expect it to be at least equal to wave one. Typically, wave three reaches 161.8% in general cases. We've shared this analysis in a video format for educational purposes only. Please note that this is not a tip or advisory. Watch the video carefully to understand how the Elliott Wave theory helps us analyze the chart and set targets. Thanks for joining and watching the video! If you like this series, please like and comment below. Your feedback will encourage us to create more content. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:WOCKPHARMAEducation
by RK_Chaarts
1
Coinbase UpdatePrice continues to trade sideways. We have already tagged the 1.0, made it in between the 0.382 & 0.5, and have all the required waves in place for a top to be made. Much like Tesla, the only move higher from here in an impulsive wave is an ED. I find it much more likely that a top has already been struck and we have already begun our minor B wave. We could still make another high, but if we do I think it will be minimal and would be as an irregular b wave. Ideally, we will find out what is in store this week. Once B starts, as of now, I expect price to fall back to the $150-$160's. Like I said, hopefully we start the move lower this week. I imagine minor B will take 2-4 weeks to complete.
NASDAQ:COIN
by TSuth
Netflix is going to fall sharply soonNetflix is in the huge 5th wave extension. I expect it to complete wave (v) of 5 very soon, probably within the next week. RSI divergence on 3-days, weekly frames is quite visible and supports the upcoming trend reversal. When wave 5 is extended, retracement typically goes to the bottom of wave (ii) of this 5th wave. This would mean 1180-1195 USD to end the wave 5. Also, at this price wave 5 will be 2.168 times bigger than waves 1 and 3 together.
NASDAQ:NFLX
by evgenii_tr_tech
AUDNZD Elliott Wave AnalysisHello friends On the AUDNZD currency pair chart, we are witnessing the formation of a complete Elliott wave pattern. These waves from 1 to 5 are quite clear and we can even count its sub-waves. Now a 5-wave pattern has formed, with wave C completed by a range. Wave 5 of wave C is a contracting triangle. Now the upper trend line of this triangle has been broken and pulled back. So we expect the price to grow. Any situation may arise. The first target is also the 1.08400 range. The stop loss is also considered the 1.06500 range. Good luck and be profitable.
Long
by M_Gheysvandi