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Elliott Wave

XYO, possible fractal for more upward sugresThis one looks like a possible fractal appearing. The 3 lines denote very clear trend lines, which have been broken twice in previous instances. There are also two boxes that I've highlighted to show two possible fractals. Given the shape of the fractal, it could be on the cards again to play out for a third time taken into account the increased size of the fractal this time. Although, it could also be wave 3 having played out for the start of another impulse, but volume needs to pick up to confirm that. Worth keeping an eye, I wont be adding it to my portfolio. Follow for more.
COINBASE:XYOUSD
by cryptechcapital
ALGD, cup and handle could see this coin soarI prefer to keep things simple when conducting analysis. I sift through a number of indicators until I find my favourite few that when used together often 'jive' creating a harmony and increased confidence in an up, or downward trajectory. This time, the most standout items is the Cup and Handle, a labelled in the diagram. Drawing a line that is equal to the height of the cup to the neckline and repositioning it to the neckline and up, we could see significant all time new highs here. The pattern is robust and holds up well. Other coins have seen similar patterns such as BTC, so it would make sense also here. Good luck, follow for more.
Long
by cryptechcapital
SIMEPROP another fund manager's favourite?Looking at the chart for Sime Darby Property Berhad, here's my analysis: Current Price Action: - Trading at RM1.37, down 2.14% - Currently forming what appears to be a triangle pattern - Strong uptrend from late 2023 into early 2024 Technical Analysis: 1. Elliott Wave Pattern: - Appears to be in Wave IV of a larger 5-wave structure - Wave III peaked around RM1.70 - Currently in a corrective triangle pattern typical of Wave IV 2. Key Price Levels: - Resistance at RM2.12 (0.786 Fibonacci level) - Support around RM1.23 (marked on chart) - Triangle pattern providing immediate support and resistance 3. Price Targets: - Chart shows a target of RM1.93 (0.618 Fibonacci level) for potential Wave V - Stop loss indicated at RM1.24 (11.24% below current price) - Risk/reward ratio shown as 1.63 Pattern Analysis: - Triangle pattern (labeled A-B-C-D-E) suggesting consolidation - Once triangle completes, expect a breakout for Wave V - Bullish bias as long as price stays above triangle support Trading Setup: - Entry zone: Current levels around RM1.37 - Target: RM1.93 (0.618 Fibonacci) - Stop loss: RM1.24 - Risk/Reward appears favorable at 1.63
MYX:SIMEPROPLong
by pengamalgelombang
TENAGA will meet resistance and create wave 2Looking at the technical chart for Tenaga Nasional Bhd (TNB), here's my analysis: Recent Price Action: - The stock is currently trading at around RM14.82, showing a slight decline of 0.54% - There's been an uptrend since December 2023, with the stock rising from around RM13.00 to current levels Key Technical Levels: 1. Support levels: - Strong support around RM13.50 which has been tested multiple times - Secondary support at RM13.06 (marked as level 1 on the chart) 2. Resistance levels: - Major resistance at RM15.06 (marked at the top of the chart) - Secondary resistance around RM14.58 (0.236 Fibonacci level) Pattern Analysis: - The chart shows what appears to be an Elliott Wave pattern with numbered waves (1-5) - Currently seems to be forming a potential wave 4 pullback before a possible move higher - The stock has been respecting an upward trending channel since December Volume Analysis: - Trading volume (shown at bottom) has been relatively consistent - Some spikes in volume during major price movements, particularly in June-July period Near-term Outlook: - The overall trend remains bullish as long as price stays above RM13.50 - If the Elliott Wave count is correct, there could be one more push higher (wave 5) - Key will be whether price can break above the RM15.06 resistance level Traders should consider: - Setting stops below RM13.50 for long positions - Watching the RM15.06 level for potential breakout opportunities - Being cautious of potential pullbacks as part of wave 4 completion
MYX:TENAGALong
by pengamalgelombang
EVO Elliot-Wave AnalysisDespite the very strong financials, the EVO chart is stuck in a correction since Apr '21. I think there still is a bit more downside potential. The price should eventually find support in the green box, and ideally start forming a bottom in this area. Potentially the price could drop even lower, but thats not my main scenario. Either way, it will probably take multipe monts, untill the price will start surging again. I see massive value at these prices! I will start buying aggressively, when the price is entering the green box.
OMXSTO:EVOLong
by PF_Analysis
Elliott Wave Analysis: Wave 5 Target in Sight for Nifty 50Elliott Wave Structure and Current Market Context: The Nifty 50 daily chart shows a textbook Elliott Wave corrective pattern, currently in the final leg (Wave 5) of a downward move. Here's how the waves are structured: Wave 1: Initiated the bearish trend with a significant drop. Wave 2: A corrective bounce, retracing to the 0.618 Fibonacci level, which is typical in Elliott Wave corrections. Wave 3: The strongest and most impulsive leg of the move, extending below Wave 1, with high momentum and volume. Wave 4: A countertrend rally to the 0.382 Fibonacci retracement, indicating a weakening bullish momentum. Wave 5: The ongoing move, which is expected to extend downward and complete the cycle near key support levels. Technical Insights: Bearish Flag in Wave 5: The consolidation visible on the chart during Wave 5 resembles a bearish flag, a continuation pattern that usually precedes another downward move. A breakdown below the 23,750 level would confirm the flag's bearish potential, paving the way for further declines. Fibonacci Levels and Targets: Wave 5 often aligns with the 1.618 Fibonacci extension of Wave 3, placing the primary target around 23,300–23,250. This area also coincides with horizontal support from previous price action, adding confluence to the target zone. In case of stronger bearish momentum, an extended Wave 5 could push prices toward 23,000, which serves as a psychological support level. Wave Invalidation Levels: For the bearish scenario to remain valid, prices must stay below 24,500. A sustained move above this level would signal the start of a new bullish trend or a more complex corrective structure, invalidating Wave 5. Refined Trade Plan: Bearish Scenario (High Probability): Entry: Enter short positions on a confirmed breakdown below 23,750, with increased selling volume and momentum. Stop-Loss: Place stops above 24,000, ensuring protection against false breakdowns. Targets: Target 1: 23,300, the expected end of Wave 5. Target 2: 23,000, in case of extended bearish momentum. Bullish Reversal Scenario (Low Probability): If prices break above 24,500, Wave 5 could be invalid. In this case, enter long positions above 24,600, targeting 25,200, which aligns with the 0.618 Fibonacci retracement of the larger downtrend. Key Indicators to Watch: Volume: A sharp increase during the breakdown would validate the bearish continuation. RSI Divergence: Check for bullish divergence in RSI near 23,300 to identify reversal potential. Candlestick Patterns: Monitor for strong bearish candles during the breakdown or reversal signals near support zones. This analysis provides a clear structure for trading Nifty 50 in the coming week, focusing on Elliott Wave theory and Fibonacci retracements for precision. The bearish scenario is currently favored, but traders should remain flexible and adapt to price action around key levels.
NSE:NIFTYShort
by Rishabh1100
GBPNZD1. Current Market Situation (Wave 3): The market is currently in Wave 3, which is usually the strongest and longest wave in Elliott Wave Theory. Wave 3 is known for its powerful upward movement. This is typically the wave where most traders and investors jump in, creating significant momentum. 2. Approaching the End of Wave 3: Right now, Wave 3 doesn’t seem fully complete, but it’s close to its end. You can identify this because: Momentum starts to slow down as the price nears resistance levels. Wave 3 often reaches Fibonacci extensions like 1.618 or 2.618, which are key indicators for its completion. 3. Retracement in Wave 4: After Wave 3 finishes, the price will likely pull back into Wave 4. This is a normal retracement where the market consolidates some of Wave 3’s gains. The retracement typically hits Fibonacci retracement levels of 0.382 or 0.5. Wave 4 is usually a smoother and less volatile wave compared to Wave 2. 4. Completion in Wave 5: Finally, Wave 5 is the last wave in the trend. This wave completes the overall upward movement. Wave 5 generally creates a new high, but it’s often less strong compared to Wave 3. Key Takeaways: Right now, the market is still in Wave 3 but close to finishing it. After that: Expect the price to pull back into Wave 4 at around Fibonacci 0.382 or 0.5 retracement levels. Wave 5 will follow, taking the price higher to finish the trend. Pro Tip: If you're trading, wait to confirm the end of Wave 3 and the start of Wave 4 before entering. Using tools like RSI or MACD can help you verify the momentum and trend shifts.
Long
by professionalgoldtrader
XRPUSD Monthly Chart: Elliott Wave Analysis and Key PatternsOn the monthly timeframe, here’s my analysis based on Elliot Wave Theory and observable patterns: Identifiable Pattern: The chart appears to form a 5-wave Elliott Wave structure, consistent with a motive wave (impulse). This structure typically aligns with the principles of an overall bullish trend. Wave Count (Elliott Wave Theory): 1. Wave 1: The initial sharp rally (early price action). Represents the first major bullish move. 2. Wave 2: A corrective phase following Wave 1, marked by a sharp retracement to a support level. Retraces but does not exceed the start of Wave 1. 3. Wave 3: The strongest and longest rally, breaking previous resistance levels. A sharp breakout confirms strong bullish momentum. 4. Wave 4: A consolidation or pullback phase after Wave 3. Does not overlap with Wave 1 (as per Elliott Wave rules). 5. Wave 5: A final rally, potentially ongoing, with price aiming to exceed Wave 3’s high. Potential Correction: After the 5-wave pattern completes, an ABC corrective wave (3 waves) typically follows. This chart does not clearly show whether the ABC correction has fully formed yet, but there are hints of prior corrections between the waves. Additional Observations: Golden Ratio/ Fibonacci Levels: The pattern aligns closely with key Fibonacci retracement and extension levels, suggesting adherence to Elliott Wave principles. Bullish Continuation: If the current price action completes Wave 5 and breaks key resistance levels, the broader uptrend could resume after a correction. This chart shows a classic Elliott Wave structure and could suggest further bullish momentum if the pattern plays out as expected.
BITSTAMP:XRPUSD
by Samthecarpetman
5
es1! retests 5kes1! appears poised for a larger move down, based on the smaller timeframe count . this leads me to believe that es1! has entered a larger fourth wave. historically, these waves take an average of 2 months to play out and typically result in a 12% decrease from the high before completing. wave 4's often retrace back into the territory of the prior degree's wave 4, and i expect this one to follow suit. pay attention to the green trendline i've drawn on the chart,,, it serves as a solid guide for where i anticipate es1! to find a bottom. dipping below the trendline is acceptable, provided we don't see any weekly candle closes beneath it. even if a weekly candle does close below, a strong recovery the following week, such as a gap-up scenario , could invalidate the breakdown. there’s not much else to add here, as the chart is fairly straightforward. keep an eye on the trendline and monitor weekly closes for confirmation. 💸
CME_MINI:ES1!
by notoriousbids
bitcoin dips below 60kbitcoin dips below 60k, but we're unfazed. i see this playing out as we move into the depths of winter,,, this crypto winter ❄️ why would this happen, you ask? the answer is simple: a stop-loss raid. a sharp wave 4 designed to shake out weak hands. distribution may have already started, hypothetically speaking, but it'll take the rest of the year to unfold. think of it like the jan 2021 -> april 2021 vibe, only on a slightly higher degree and timeframe. --- take note of the highlighted wave 2's and wave 4's on my chart. what i'm illustrating is "the law of alternation," which states: if wave 2 is flat, wave 4 will be sharp, and vice versa. all the wave 2's in this cycle have been flats, so by design, all of our wave 4's are set to be sharps. this fits neatly into the larger cycle: sharp retracements triggered by over-leveraged positions, yet consistently bought up thanks to strong demand. with each sharp retracement, however, the upward moves become smaller, as momentum gradually fades. --- w4 target: below 60k w5 target: between 150k-200k (conservatively). --- ps. i have recently shared a much more bullish idea via:
CRYPTO:BTCUSD
by notoriousbids
10
PRSO Peraso Inc. Stock Analysis – Key Breakouts ObservedThe price of Peraso Inc. has recently broken through multiple resistance levels, including the red descending trendline and the blue trendline, signaling strong bullish momentum. The stock has also returned to the black range, making this zone a critical level to monitor. Today's candle was a strong bullish candle with high volume, further reinforcing the potential for upward movement. A retest of these levels would provide a clearer confirmation and a better opportunity for entry. Traders should closely monitor the price action and volume at these key zones to validate the breakout and potential continuation of the bullish trend. This is my personal analysis and opinion, not a recommendation to buy or sell.
NASDAQ:PRSOLong
by omossa
DOGE price predictionI've posted a few DOGE coin predictions over the last few weeks, with this one being an adaptation of one that I've previously posted. It looks as though we could be in a handle of a very long term cup and handle, with the handle being wave 4 of 5 of 1. IF it plays out there there's a mid-term decline underway and still coming until the end of the current cycle and then up in typical impulse fashion for 1-5 for the completion of 5. But, if there is a local high, then the cup and handle is invalidated and I'll put in a new prediction. In the immidate term all crypto is likely to go down for at least another week and then up from there. Follow for more.
COINBASE:DOGEUSD
by cryptechcapital
3