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Elliotwaveanalysis

SPX Running Into Important Resistance At 5780Last week we saw a weaker-than-expected Advance GDP in the first release, which led some to believe Powell might consider cutting rates. But Friday’s NFP came in better than expected. Expectations are no change for the Fed, and I honestly don’t believe they’ll move either. Despite Trump putting pressure on them, inflation is still not at their 2% target, and the job market remains solid—so there may be no real reason to cut yet. They’re watching markets too, and we've seen a pretty strong rebound, so there’s likely no urgency to act now. Also, if they were to cut, it could appear politically motivated due to Trump, and that could seriously damage investor trust in the Fed’s independence. So with that being said, we are wondering if the SPX can find some resistance if FED does not deliver a dovish view at this moment. Well, looking at the price action, it certainly looks overlaping recovery from April low, that can face limited upside near 5780, at April 2nd high. If by Friday, we close above the 78.6% Fib then we may look at wave 3, alt sceario. Grega
VANTAGE:SP500
by ew-forecast
Hellena | EUR/USD (4H): LONG to the resistance area 1.15878.Colleagues, I believe .that the five-wave movement is not over yet and another wave of upward movement is waiting for us. I believe that wave “4” has almost completed the correction or has already completed it. In any case, I consider the main target to be the resistance area at 1.15878, which is the minimum target and the top of wave “3”. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
27
Hellena | Oil (4H): SHORT to support area of 55.204.Colleagues, I believe that the price will continue its downward movement. At the moment we are observing a combined correction. I expect the completion of wave “Y”. Even if it is already completed, the price is still waiting for a downward correction to the support area of 55.204. Therefore, I think that 55.204 is the 1st minimum target. There are two possible ways to enter the position: 1) Market entry 2) Pending Limit orders. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
21
Link Analysis (12H)Chainlink (LINK) Technical Outlook – Elliott Wave Perspective After applying Elliott Wave Theory, the chart appears to speak for itself — the downward corrective phase seems to have concluded. Zooming into lower timeframes, there are several bullish signs suggesting that LINK is primed for an upward move. Key Technical Reasons Supporting Upside Potential: Bullish Flag Formation: A clear flag pattern has formed in lower time frames, and LINK is currently testing its resistance level. Elliott Wave Count: Based on wave structure, Wave 3 appears to be nearing completion. Should we see a short-term pullback, it would likely be Wave 4, offering a strong buy opportunity around the support zone of the flag. Fib Confluence: The potential retracement aligns perfectly with the 50% Fibonacci level — a typical target area for Wave 4 corrections. Two Possible Scenarios: Immediate Breakout: With support from Bitcoin’s continued momentum, LINK could extend its current Wave 3 and break out from the flag without any significant pullback. Healthy Correction: Alternatively, LINK could retrace to the 50% Fib level before initiating the final leg of Wave 5 — providing a textbook buying opportunity. Target: In both scenarios, the upside target remains the same: $18.00 to $18.40 range. — Thanks for reading.
Long
by vs_sayin
Hellena | GOLD (4H): LONG to resistance area of 3400.Colleagues, I've redrawn the waves a bit, because it looks like the correction should be over. I believe that the upward movement will resume soon. I expect two variants of events: 1) the price will reach the support area 3162, form wave “4” and after that we will see an upward movement - this is a variant of entering a position with pending limit orders. 2) Price has already formed wave “4” and then we will see only upward movement. This is a variant of market entry. In both cases I expect the price to come to the target in the resistance area of 3400. This is a pretty strong level from which there could be a strong correction. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
FX:XAUUSDLong
by Hellena_Trade
12
Hellena | BITCOIN (4H): LONG to resistance area of 98,000.Dear colleagues, in this forecast I will not make too forward-looking plans. I believe that the upward movement is not over yet, because the wave “C” is not yet completed and consists of five waves. I think that we should expect to reach the resistance area of 98,000. A small correction to the support area of 90,000 is possible. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
BINANCE:BTCUSDLong
by Hellena_Trade
25
USD/JPY Eyes Breakout After Healthy Wave 4 CorrectionThe USD/JPY pair is currently unfolding a clean impulsive 5-wave structure to the upside. The price action has already completed Waves 1, 2, and 3, and has entered a probable Wave 4 correction. Wave 3 appears extended and tapped into a key Fair Value Gap (FVG), which acted as resistance. Wave 4 is likely to develop as a shallow retracement, possibly forming a bull flag or expanded flat before launching into Wave 5. The ascending channel supports the bullish structure with both Wave 2 and Wave 4 respecting lower bounds. Targets: 144.750 - 144.351 Stoploss: 146.268
by Money_Dictators
1
Hellena | GOLD (4H): SHORT to 38.2%-50% Fibo lvl 3228.Colleagues, last week we got a stoploss, but I still believe that we should expect a correction in wave “2”. We will try to catch this movement this week. I believe that the price will correct to the area of Fibonacci 38.2% - 50% levels (3228.41). Perhaps the price will slightly renew the maximum of wave “1”, reaching the level of 3438. In this case I recommend to work with pending limit sell orders. And some data: The prevalence of bulls according to CME reports additionally increased by 13%. The 23% increase in market volume, meanwhile, indicates a likely strong momentum pattern during the trading week. Despite the 13% increase in buyers, selling patterns towards the balance level of the week (3200.00) are recommended for the current trading week. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
FX:XAUUSDShort
by Hellena_Trade
27
Hellena | SPX500 (4H): LONG to resistance area of 5682.Colleagues, I think that the deep downward movement is over and at the moment I expect an upward movement in a five-wave impulse. At the moment I expect a correction in wave “2” to the area of 5100, after which I expect the development of wave “3” at least to the resistance area of 5682. There are two possible ways to enter the position: 1) Market entry 2) Pending Limit Orders. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:SPX500USDLong
by Hellena_Trade
9
MACD says a little higher for a little longerAs per the individual stocks I cover that have not yet reached their ideal retracement areas I am looking for the SPX to get higher into my target box. In any event it's reasonable for me to say we're in a B wave and therefore our pattern can develop into something more complex. Nonetheless, I am mainly looking for MACD to reach the zero line at the very minimum. The take-a-way from this update is I am looking slightly higher in the markets for slightly longer...before our minor C wave takes hold of the market. Best to all. Chris
CBOE:SPX
by maikisch
SPY Green Light to All Time Highs?As VIX is sitting around 25, this is the first Monday in I can't remember how long we aren't gapping down at open! I'll take it! There is a ton on the calendar this week: jobs, first print for Q1 GDP, PCE, ISM mfg, and a ton of consequential earnings! Not to mention will we get a couple deals announced this week. Feels like India, UK and Japan are close. This could spur a market rally to continue! Did a ton of work on Elliott this weekend, but didn't create a video. Essentially, since we closed in the wave 1 of the red C leg (on daily and weekly basis), we have invalidated a chance of a fifth leg lower (thank God!). This means we are in first impulsive intermediate 5 wave that should go to all time highs (next Apr)! Since we already have two minute impulsive waves that were similar in size, we likely will finish the minor wave 3 as pictured and then since 1 & 3 of minor waves will be similar in size the impulsive 5 wave target will be as pictured as well. Remember it is simply the net of waves 1 through 3 times 0.618 and add that to the finish of wave 4 in either case. After wave 3, we will get a pullback, but this will be a buy the dip opportunity finishing the 5th wave around 580ish. After this we will get a deeper corrective wave but if sentiment is positive it may be shallow, only 38% to 50%, so will want to re-evaluate at that point! This is why it is important if you are investing not to FOMO, as there will be many opportunities to buy the dip!
AMEX:SPYLong
by KingTrading999
GOLD Analysis (April 26, 2025) - 2 hours, weekly & MonthlyChart 1: 2-Hour Chart (Short-Term View) Pattern Observed: Clear Elliott Wave structure identified. Wave ①, ②, ③, and ④ are completed. Currently in Wave ⑤ (ongoing impulsive up move). Current Setup: Wave ⑤ has started and appears to be very impulsive. The target for Wave ⑤ is near $3600 zone. Expect a sharp upside move toward $3600 in coming sessions (possibly within next 1–2 weeks). Important Note: Since Wave ⑤ is impulsive, price may move very fast with little retracements. Strategy: Short-term bullish until $3600 is reached. After completing ⑤, expect a strong and sharp correction downward. Chart 2: Weekly Chart (Medium-Term View) Pattern Observed: Weekly candle has formed a long-legged inverted hammer, almost like a high wave spinning top. This is a warning sign indicating strong indecision and possible trend exhaustion. Interpretation: Weekly structure is signaling that GOLD is losing strength at higher levels. There is hesitation for further continuation of the uptrend. After a small last push (likely completing the final Wave ⑤), there are high chances of a bigger retracement. Strategy: Watch closely how next week’s candle forms. If next week closes weakly or forms a bearish pattern (like bearish engulfing), expect bigger fall. Chart 3: Monthly Chart (Long-Term View) Pattern Observed: Monthly chart shows momentum loss at top. AO (Awesome Oscillator) indicator is flattening after a massive upmove. Momentum divergence starting to appear (price made higher high, AO showing flattening/slightly diverging). Interpretation: GOLD is still strong, but momentum is clearly reducing at the top. If GOLD touches $3600 next month and fails to sustain, a big red monthly candle can form. This could mark the start of a medium-term bearish phase (several months correction). Strategy: Next month (May 2025) is extremely critical for GOLD’s major trend decision. If a red candle forms in May after touching $3600, it could trigger a multi-month downward correction. Conclusion: In the short term (next few days), GOLD likely continues to rally towards $3600. Next 2–3 weeks are critical — observe if reversal signs appear near $3600. May 2025 is very important: A monthly red candle after touching $3600 can confirm a bigger downward correction. If correction starts, it will likely be sharp and deep, matching the intensity of the 5th wave up. Disclaimer: This analysis is for educational purposes only and not a financial advice. Trading involves risk. Please consult your financial advisor before making trading decisions.
CAPITALCOM:GOLDShort
by shiva560060
Bearish WXY Model Forming at Key Resistance – Caution at the TopSP:SPX just crossed the Monthly High, but the structure resembles a bearish WXY correction, and we’re now approaching critical levels. 🔍 Key Levels to Watch: 5481–5572: Weekly FVG resistance + 61.8% Fib Extension – potential top of the rally. 5293: The 50% retracement from the Apr 20 low – a break below confirms the bearish WXY and opens the door to new lows. 📌 Scenario Outlook: ✅ Bullish case: Room for upside toward 5685–5750, but only if we close above 5572 Weekly to invalidate the FVG. ⚠️ Bearish case: Current price action aligns with divergence (as seen with DJI) + WXY model. Caution advised — rallies may be fading. 💬 Chart attached shows the WXY structure forming with key divergences.
SP:SPX
by SmartSignalss
GBPJPY Trapped In A Triangle RangeGBPJPY made a very strong reversal in the second half of 2024, following a sharp drop of more than 10%, with an aggressive bearish impulse and also broke the lower trendline of the impulsive channel back in August. Since then, the first recovery unfolded in three waves, suggesting this move could be part of a complex correction—currently still unfolding as a wave B pause. Ideally, this structure is forming a triangle, especially as the drop back to the recent April lows also looks corrective. So, I believe the triangle scenario is the most likely scenario here, and price could now be heading toward the upper side of the range if risk-on sentiment continues. Still, upside may be limited, as this range could stay in play until all A-B-C-D-E legs are completed. If correct, wave C for a deeper move lower is still missing and could develop later this year. Grega
by ew-forecast
Elliot wave corrective ABC Triangle pattern Wave A is an impulsive wave that 5 subdivisions. Wave B is an abcde triangle and each wave has 3 subdivisios. a-b of the triangle is connected by wxy (also has 3 subdivisions each). Look at smaller time frame to see (and confirm structure). Currently looking out for wave d of the triangle (wave 1 of 3) to complete then followed wave e 3 waves in the opposite direction, before there can be any break-out. This is only an idea not financial advice
CRYPTO:MATICUSDLong
by faizel19
5