SKL Targeting 1.00My updated count on the daily chart shows we shold be in green sub-wave V of blue 3.
1.00 is an obvious target for this next leg up.
Elliott Wave
2222 ARAMCO (TASI Market)2222 ARAMCO (TASI Market)
We are waiting to change of Behaviour to change direction from down to up.
Regards,
BITCOIN → Consolidation before the breakout. When do we go up?BINANCE:BTCUSD continues to consolidate, but within a strong bullish structure. The price is approaching the trigger, the breakout of which may provoke the formation of an upward impulse
Globally, the coin is still in the phase of realizing a global " cup and handle ", which I reminded one of the first back in August:
A good signal that hints that the growth is likely to continue is the fact that after a strong growth and testing 100K the price does not fall, but consolidates with gradually rising local lows, it is also worth paying attention to MA-50, which acts as a strong support. Within this consolidation we have clear zones, within which the price is trading and accumulating potential, and there is also a clear trigger, the breakout of which can provoke the continuation of growth (distribution).
But next week is the Fed meeting on December 17-18, and there may be short-term market manipulative reactions. Be careful
Resistance levels: 101.8K, 104.1K
Support levels: 98.9K, 94.15K
Technically, the focus is on 101.8 - 98.9. Consolidation is forming inside this channel. I do not exclude a chance of support retest in the format of a false breakdown before further growth. Another deep correction to the lower liquidity zone - 94.1K is also possible. But until the price breaks 101.8, bitcoin will not go up, and based on the chart, the event is close and the chance is high
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;)
Regards R. Linda!
Has SMGR Finished Its 5 Wave Down Move?SMGR to me looks like it might have finished the large 5 wave move. I checked on other charting website that it already has a bullish divergence between the third and the fifth wave, which is a good possibility that the larger 5 wave move has finished.
We should observe how it plays out for the next couple of weeks. If it bounces and forms an A wave with good structure and volume, then we can wait for the B wave in order to ride the C wave.
AAVE Overbought H&S
The pump from the last few months could be finally running out of steam, at least in the short term.
There is a Head and Shoulders pattern being formed, with clear bearish RSI divergence.
Remember that in these situations the more conservative trade is to wait for a break and retest of the neckline.
NIFTY50.....Wave b done, or a double waves 1 and 2 underway?Hello Traders,
The NIFFT50 made a low on the 21st of November at 23262! Since then it has been moving within a "three-up" or double wave 1 and 2!
In the first case, the next move should be to the downside, developing a wave c/y to lows below 23263 for the next 2-3 weeks. A good indication of such a move is a break of 23873. A possible price range for such a move is at or around the 213xx area, close to the June lows. More bearish potential!
If a double wave 1 and 2 is underway, then the price targets will be higher, probably to the new ATH`s.
A first indication of such a scenario would be if the N50 breaks above the resistance at 24851 and if it breaks above the 0.618 Fibonacci @ 25082 on a daily close with strong bullish volume!
A break above the 25600 area (0.786 Fibonacci) will reduce the chance of what I call a "sucker wave". A possible "B-wave"!
In fact, a flat pattern is always possible, `because we are probably moving within a corrective wave and the move to the upside on a weekly basis does not give fingertips for an important high in place!
Anyway! On Friday, we saw a "Kumo breakout", which is actually a buy signal according to the Ichimoku technique! But always be prepared for a retest of the breakout in the 24500-24400 area.
That's all for today.
Have a great week.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
USDCAD Elliott Wave AnalysisHello friends
In the previous analysis of the currency pair USDCAD, we expected the price to grow and also specified the profit-taking range.
Now, if you took your profit at the desired point and exited the trade, you can enter the buy trade again to reach a higher target.
The reason for this is the formation of microwaves 1 to 4 of the main wave 5, and currently it is appropriate to enter the buy trade to catch the price growth in the main wave 5 of 5.
The stop loss is at 1.3965. And the profit limit is at 1.4200.
To support me, I recommend that you install the Trading View application on your phone and see my analyzes and support me with your comments and Boost. Be successful and profitable.
Lucid Group W1 (NASDAQ Market)Lucid Group W1 (NASDAQ Market)
We are in the ending down trend which is Diagonal weather it is Leading or Ending. Exactly, C or 1 from c from diagonal wave.
Regards,
ZEN UptrendMy primary count considers that we are currently in Black wave 5, which will wrap up Gray wave 3.
I don't expect this next wave to go much further than black 3, and the 20-25 range should offer resistance for the next correction (gray 4).
Alternatively, the recent leg down is just black A of a larger ABC correction. This count would still make the overall scenario valid, since Black 1 invalidation is all the way down at 9.25.
4001 Al Othaim W1 (TASI Market)4001 Al Othaim W1 (TASI Market)
we are in down trend in wave 5 from wave (a) which Leading Diagonal.
Regards,
GBPUSD - Nothing Can Stop It, It's All The Way Up!Here we have the monthly chart for GBPUSD.
GBPUSD 'recently' completed a major ending diagonal. We know this as it was a 5 wave pattern in the form of a wedge. Now that the bottom is in, we're expecting multiyear bullish price action.
Wave 1 can be an impulse or a leading diagonal. For GBPUSD, we are seeing a clear leading diagonal pattern = 5 waves.
We are anticipating one final move up to complete wave 1 and then we'll be seeing a wave 2 correction (as shown in the chart)
Trade Idea: Trading the 5th wave of the Leading Diagonal
- Watch for bullish price action to appear
- Confirmations such as trendline break or BOS can be used to gain an entry
- Once entered, put stops below wave 4
- Target: 1.36 (1,100pips)
Once wave 1 leading diagonal is complete, we'll be back with an update!
If this post gets enough engagement, we'll post lower timeframe charts.
Goodluck and as always, trade safe!
More upside for BitcoinHi traders,
Last week Bitcoin made a correction down and went up again.
It respected the Daily FVG so now it could go up again for the next ATH.
Wait for the brweak of the last high to trade (short term) longs.
Let's see what the market does and react.
Trade idea: Wait for the finish of the small correction down.
After a change in orderflow to bullish again, you could trade longs (bullish confirmed after break of the ATH (grey wave b).
If you want to learn more about trading ICT concepts with wave analysis, please make sure to follow me, give a boost or respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals.
Don't be emotional, just trade!
Eduwave
Small correction up and a drop for goldHi traders,
Last week XAUUSD tested the higher Daily FVG again and dropped.
This could be the start of the last C-wave (orange).
So next week we could see a small correction up and another drop to finish the (orange) A-B-C ZIgzag correction.
Or it turns out that the whole bigger correction was a Triangle (finishe before blue wave b) and we see the next impulsive wave up from here. Then you could trade longs after a correction down on a lower timeframe.
Let's see what price does and react.
Trade idea: My main idea is the first one.
So I would wait for a correction up and a change in orderflow to bearish to trade shorts.
If you want to see more from my analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals.
Don't be emotional, just trade!
Eduwave
Render Network RENDER Long: EWT Analysis & Cycle Peak Targets+ Possible overextended Wave 5 count now?
Trading within Wave (3) of Wave V impulse.
Any major peaks in RENDER have extended as high as the following fib extensions...
The target is the peaks of the parallel channel, confluence with the fib extensions targets:
- 1.414
- 1.618
Last Rally for Cycle Wave V (five) topping around Nov/Dec 2025 being a blow off top.
Momentum is slowing down for SPX500USDHi traders,
Last week SPX500USD started a coorection down (wave 4). The momentum of this pair is slowing down and it looks like it is making an ending diagonal.
So next week we could see price come into the lower Daily/ Weekly FVG and from there we could see another upmove.
Trade idea: Wait for the correction down to finish into the FVG's and a change in orderflow to bullish. After that you could trade (short term) longs.
If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals.
Don't be emotional, just trade!
Eduwave
EU slowly going downHi traders,
Last week EU did exactly what I've said in my outlook.
After a small correction up it began to drop slowly. This could be a leading diagonal wave 1.
So for next week we could see a correction up for wave 2 and another drop to finish wave 5 (black).
Let's see what the market does and react.
Trade idea: Wait for the small correction up to finish and a change in orderflow to bearish on a lower timeframe and trade shorts.
If you want to see more from my analysis, please make sure to follow me, give a boost or respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave
DASH Wave 4 CompleteThe resistance was quickly broken and wave 3 went all the way up to $70.
The swift correction found resistance in the gray zone, which I'm considering to be black wave 4.
In my primary scenario, we're back in the uptrend for black wave 5.
Heart going to pump?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Held up through the flash crash and looking like a sideways correction here.
Possible 1 more offset W4 here.
Want to see it stay sideways and move up.
If it rolls, I would like to see 0.03 hold as support.
if not then 0.025... so keeping it on the watch list and looking for clarity.
Trade safe, trade smart, trade clarity.
BTC → Consolidation Before The Breakout When Do We Go Up?BINANCE:BNBUSDT continues to consolidate, but within a strong bullish structure. The price is approaching the trigger, the breakout of which may provoke the formation of an upward impulse
A good signal that hints that the growth is likely to continue is the fact that after a strong growth and testing 100K the price does not fall, but consolidates with gradually rising local lows, it is also worth paying attention to MA-50, which acts as a strong support. Within this consolidation we have clear zones, within which the price is trading and accumulating potential, and there is also a clear trigger, the breakout of which can provoke the continuation of growth (distribution).
But next week is the Fed meeting on December 17-18, and there may be short-term market manipulative reactions. Be careful
Resistance levels: 101.8K, 104.1K
Support levels: 98.9K, 94.15K
Technically, the focus is on 101.8 - 98.9. Consolidation is forming inside this channel. I do not exclude a chance of support retest in the format of a false breakdown before further growth. Another deep correction to the lower liquidity zone - 94.1K is also possible. But until the price breaks 101.8, bitcoin will not go up, and based on the chart, the event is close and the chance is high
ETHUSD Wave Analysis (neowave - Elliot)Ethereum is likely to move in the direction indicated on the chart. It is expected to complete wave (d) and may grow slightly further in the smaller wave d. Stay tuned for updates in the future.
I am not offering any trades at the moment.
XAU/USD 12.12.2024OANDA:XAUUSD
Hello Traders,
Today, we’re taking a closer look at gold. As expected, gold is moving down in an ABC structure (yellow) within our larger orange wave 4. From here, we can anticipate either a 12345 structure or, if the price moves sideways, another ABC structure leading up to wave 5.
Wave 4 has likely reached its bottom, though there is still a possibility of a further decline to the 61% Fibonacci level. However, I consider this scenario unlikely. Overall, we are once again looking for higher prices in the near future.
XAG/USD 12.12.2024FXOPEN:XAGUSD
Hello Traders,
After this bearish calculated move to the downside, we have now identified our wave 4 bottom. We expect higher prices in the coming days or weeks, likely forming either a 12345 setup or an ABC pattern from wave (4) to (5). Time will tell us what unfolds.
RIOT correction over or another low?My previous target under $10 never hit so still speculative of if the correction is over. My primary count has the correction over and C was not as long as I'd expected. My alt count has C just starting with a flat for W-B. It really just depends on if Dec 5th - 10th was 3 waves or 5 waves with a pretty short wave 4.
Either looking at the 12.1 - gap close around 11.8 or down to under 10, will depend on the structure as it comes down. Just not planning on catching a falling knife if a W-3 of C starts! Open to either, but end plan still the same!
