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Elliott Wave

EUR/USD Weekly Outlook | Harmonic Butterfly PatternHere is a professional TradingView publish description for your EUR/USD Weekly Butterfly Pattern Analysis: --- 🦋 EUR/USD Weekly Outlook | Harmonic Butterfly Pattern Pair: EUR/USD Timeframe: 1W (Weekly) Strategy: Harmonic Pattern Recognition – Butterfly Pattern Bias: Bearish Reversal Setup --- 🔍 Pattern Analysis: Butterfly Harmonic Pattern completed with precision at the 1.272–1.414 extension zone, forming the critical D-point near 1.14700. Price has reacted sharply from the PRZ (Potential Reversal Zone), aligning with a historical supply zone. Confluence from Fibonacci extensions: AB = 0.786 retracement BC = 0.382 to 0.886 retracement CD = 1.618 to 2.618 extension 📉 Bearish rejection expected from this high-probability reversal zone. --- 📌 Key Levels: PRZ (Potential Reversal Zone): 1.14500 – 1.15000 First Target Zone (Support Block): 1.11500 – 1.10500 Invalidation (Pattern Failure): Close above 1.15500 --- 📅 Projection: This weekly harmonic butterfly suggests a potential trend reversal or deep pullback. We may see EUR/USD targeting lower support as D-point gets respected. Watch for signs of weakness such as long-wick rejections, bearish engulfing patterns, or RSI divergence confirmation. --- 💡 Conclusion: EUR/USD is at a critical juncture. If the butterfly holds, this could be a high RR short opportunity for swing traders. Patience is key—confirmation on lower timeframes will validate entry. --- 📊 #EURUSD #ButterflyPattern #HarmonicTrading #ForexAnalysis #TechnicalAnalysis #SwingTradeSetup
Long
by Greenfireforex
Crude Oil Technical Analysis 🛢 Crude Oil Technical Analysis (Weekly Structure & 2H Chart Confirmation) Chart Reference: Based on your 2H chart, crude has completed an A-B corrective structure and is likely entering the impulsive C leg, which typically unfolds in 5 waves (I, II, III, IV, V). 🔍 Elliott Wave Interpretation Wave A: Likely the initial leg down — corrective but strong. Wave B: Completed near the recent top ~66.5–67 zone (acts as resistance). Wave C: Beginning now; a clear impulse structure (5-wave down expected). 🟣 Wave Count Breakdown on 2H Chart Wave I: Likely completed near 64.5 — key level to confirm downside continuation. Wave II: Minor retracement to ~66.5 (double top zone). Wave III: Expected to be sharp and impulsive — projected towards 60 zone. Wave IV: Small pullback/retrace near 57.5–58.5. Wave V: Final push down — projected to 52–54 range. 🎯 Key Price Levels Level Significance 66.5–67.0 Wave B high / Resistance Zone 64.5 Breakdown Confirmation (Wave I Low) 60.0 First Major Support / Wave III end 55.0 Likely Wave V Extension area 52.0 Potential C-Wave Completion Zone 🧠 Observations & Trade Notes If 64.5 breaks, the C-leg is active and impulsive selling should follow. RSI/Momentum indicators (not shown) should confirm bearish divergence or breakdown if this analysis holds. Wave III is usually the longest; hence, fast drop expected after 64.5 breach. Keep an eye on volume spikes and wide-body red candles post-64.5 for entry triggers. 📉 Short-Term Trading Strategy Below 64.5: Initiate short with SL above 66.7 Target 1: 60.2 Target 2: 55.3 Target 3: 52.0 SL Trail: Once below 60, trail SL above 62. 🛑 Risk Considerations A strong close above 67.2 invalidates the current wave count and may call for re-evaluation (possibly extended Wave B or triangle). 📌 Conclusion Crude has likely entered a Wave C downtrend which is impulsive in nature. A clean break below 64.5 confirms that Wave III is active, and targets of 60–52 remain valid. The structure aligns with a larger time frame correction. Strong caution is advised above 67. 📢 Disclaimer: This analysis is for educational and informational purposes only and should not be construed as investment or trading advice. Trading in commodities, stocks, futures, and options involves substantial risk of loss and is not suitable for every investor. Past performance is not indicative of future results. Always do your own research or consult with a qualified financial advisor before making any trading decisions. The author shall not be held responsible for any losses incurred from the use of this analysis.
FX:USOILShort
by shiva560060
GBPUSD → Countertrend retest of support before growthFX:GBPUSD is forming a countertrend correction to the zone of interest and liquidity while the dollar is stagnating. The market is waiting for a fundamental driver. Within the uptrend, a countertrend correction is forming towards the liquidity zone at 1.342. Against this backdrop, the dollar is correcting and contracting towards support. The currency pair's price continues to decline, but within the uptrend, breaking the local structure but not the market character. The focus is on the current trading range of 1.342 - 1.359. A retest of support could bring the price back to resistance. Support levels: 1.3421, 1.339 Resistance levels: 1.3507, 1.3593 A quick retest of the liquidity zone at 1.3421, the inability of GBPUSD to continue falling, a false breakdown, and the price consolidating above 1.3421 would be a good indication that buyers are trying to hold the market. In this case, we could see the price strengthen. Best regards, R. Linda!
Long
by RLinda
1
Bitcoin - Pump will continue! Sell here, thank me later.Bitcoin has been pumping in the past few days pretty massively. Why? There are 2 main reasons - the first reason is that Bitcoin has finished a major WXY corrective wave, and the second is that Bitcoin swept liquidity below a triangle (see my previous post for details). That was a very good opportunity to buy/long Bitcoin at that specific level I described in the previous analysis. But let's focus on the present and future! We always want to find strong levels on the charts so we have a great entry point/take profit target. The next strong level is definitely the 0.618 FIB, which Bitcoin can hit in the very short term. Also, below the 0.618 FIB, we have a strong horizontal zone, which can also act as a strong resistance. Bitcoin should definitely go there and retest this zone. We want to see how Bitcoin is going to react in the zone and FIB, but you can create a new limit order to short Bitcoin there so you don't miss anything. So currently I am temporarily bullish on Bitcoin, and in the next update I will make a big analysis on Bitcoin and a very likely scenario for the next months. What will the price of Bitcoin be in December? Please like/boost my idea right now. Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This 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!
Long
by Xanrox
107
Gold Futures – Double Top Leads to Bearish SetupGold Futures on the MCX chart is showing a classic Elliott Wave pattern in play. After forming a regular flat correction with a double top near the 99,300–99,200 zone, prices have started to drift lower. The double top structure—combined with the completion of Wave B—suggests that a Wave C decline is underway. Wave A took the price down to around 90,890, followed by a corrective Wave B that failed to break the previous high convincingly. The near-term outlook on the 4-hour timeframe remains bearish. I am anticipating five waves down within Wave C, which may take price back toward the previous Wave A low or slightly lower, possibly ending in a diagonal pattern, before a bullish reversal can be expected. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
MShort
by WaveXplorer
AERODROME About to Defy Gravity? One Final Obstacle!Yello Paradisers — did you catch this developing setup in real-time on #AERO? After calling the completion of the higher-degree Elliott Wave 1 structure followed by an ABC correction, the chart is now flashing a high-probability opportunity — but only if a key resistance gets flipped in the coming sessions. 💎#AEROUSDT appears to have just wrapped up with point C printing a strong bounce from the R/S level, a zone that previously acted as a powerful base during the earlier markup phase. 💎The impulsive 5-wave structure clearly marked the first leg of strength, topping out perfectly in confluence with standard wave theory. What followed was a clean and controlled ABC correction. 💎Price action is currently pressing up against a well-defined resistance, which is not just horizontal but also perfectly aligned with the dynamic MTF EMAs — creating a confluence rejection zone. These moving averages have been compressing into the structure, adding weight to this level as a final barrier before a breakout scenario can unfold. 💎What we are now watching is simple: if we get a confirmed candle closing above the current resistance range, it would be a textbook continuation signal. That close would signal a probable structural shift — a break away from the corrective phase and the beginning of a new leg toward higher resistance levels around the 0.754 to 0.792 zone. 💎Until then, caution is critical. Any weakness or failure to close above resistance would imply the pair is not ready yet. Worse, a candle closing below the 0.446 invalidation level will confirm that the bulls are not yet in control and a deeper move is likely before a real reversal emerges. 💎This setup is not one to force — but it's certainly one to track closely. Everything is aligned for a breakout, but we do not front-run resistance in uncertain zones. That’s where most get chopped up. Confirmation is key, and when the market gives it, we act with full conviction. This is exactly how Paradisers operate. We wait. We confirm. We execute only when all pieces align. No guessing, no emotional decisions — just disciplined, high-probability trading. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Red Lights for SOLANASolana has recently completed its 5-wave impulsive rise, and now a correction phase appears to be underway. Notably, a diamond top formation has formed and already broken to the downside, further supporting the short-term bearish outlook. As long as SOL trades below the $180 resistance, this corrective scenario remains valid. I currently do not expect a drop below the $146 support zone, making this a structured micro pullback within a larger bullish macro trend. This setup offers opportunities for both short-term short and long entries, depending on how the price reacts near key levels. While the macro structure and fundamentals remain highly bullish for Solana, this correction could provide an ideal re-entry point before the next major leg up. — Thanks for reading.
Short
by vs_sayin
ETH/USD Breaking Higher, Can Fill The Gap? Hey traders, Some of the altcoins are recovering very nicely today, with Ethereum being no exception. In fact, we’ve seen a pretty nice consolidation on ETH over the last three weeks, and it looks like it’s breaking to the upside right now. I wouldn’t be surprised to see more gains unfolding into wave five of a five-wave advance away from the April lows. Targets around 3000 and even 3300 could be quite interesting, especially if we consider the big gap that dates back to February. GH
C
by ew-forecast
4
MARA Is Waking Up And Looks Promising For The Crypto MarketMARA Is Waking Up And Looks Promising For The Crypto Market, as it can send the price even higher this year from a technical and Elliott wave perspective. Marathon Digital Holdings with ticker MARA nicely and sharply recovered away from the strong support after a completed projected higher degree abc correction in wave B/2. So, similar as Crypto market, even MARA can be forming a bullish setup with waves »i« and »ii« that can soon extend the rally within wave »iii« of a five-wave bullish cycle within higher degree wave C or 3, especially if breaks above 21 first bullish evidence level. It could be easily supportive for the Crypto market if we consider a positive correlation.
NLong
by ew-forecast
2
Bitcoin’s Final Wave & Time Reversal Zone _ New ATH Loading?Today, I want to analyze Bitcoin ( BINANCE:BTCUSDT ) on the weekly time frame and answer these questions : Can Bitcoin create a new All-time High(ATH) or not!? At what price range can Bitcoin's uptrend end!? When can we expect the uptrend to end!? Please stay with me. Bitcoin appears to have managed to break the Resistance lines , although we saw a fake break a few months ago , and it also appears to have a Hammer Candlestick Pattern in the previous weekly candle , which could signal the completion of Bitcoin's pullback to the Resistance lines(broken). In terms of time , if we want to analyze the Bitcoin chart and look at Bitcoin's past, in general, the months of June(Average=-0.13%/Median=+2.20%) and especially July(Average=+7.56%/Median=+8.90%) have been among the most productive months for Bitcoin , and the months of August(Average=+1.75%/Median=-8.04%) and September(Average=-3.77%/Median=-4.35%) were the months when Bitcoin had a correction . Technical analysis tools show the end of the upward trend and the beginning of Bitcoin's correction at the Time Reversal Zone(TRZ=June 23 to August 4) . In terms of Elliott Wave theory , Bitcoin appears to be completing the main wave 5 , as the main wave 3 was extended . I expect Bitcoin to trend higher(+10%) in the coming weeks and create a new ATH . New ATH could be created in the Potential Reversal Zone(PRZ) and TRZ , and then we can wait for the start of the main correction . What do you think about Bitcoin’s future movement? Can Bitcoin create a new ATH? When and at what price? Note: If Bitcoin falls below $100,000, we should expect further declines. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), weekly 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 and updates; 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.
Long
by pejman_zwin
33