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Elliott Wave

GOLD → Controversial fundamental background. What's next?FX:XAUUSD is taking advantage of the dollar weakness and heading towards the zones of interest and liquidity 2665 - 2688. Overall, the fundamental backdrop is not stable, but at the same time weak for gold. PCE, GDP and resistance ahead.... The ceasefire agreement between Lebanon and Israel has entered into force. This has helped to reduce demand for the US dollar, which is generally reflected in the forex market. Gold is feeling support from sustained expectations for the Fed and uncertainty over the outlook for global trade during the Trump presidency, which intends to impose new tariffs on Canada, China and Mexico. Ahead of the upcoming macroeconomic news from the US are PCE and GDP. Technically, gold is in a sideways range and is looking up towards zones of interest from which a correction could form. But this reaction is partly dependent on the news as well.... Resistance levels: 2660, 2664, 2680 Support levels: 2620, 2605 The focus is on the imbalance zone, 0.7 fibo and 2680 area. Due to the controversial technical and fundamental background, the gold price may close inside a wide channel, which allows us to use its boundaries for trading. We are watching the resistance with a sell target for further downside Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
20
Btc elliott wave analysisElliott wave is very subjective. even I have two or three analysis and shorterm frame it gets more possibilities. but here I think Eth price is way lower than btc price and also some of altcoins as well. because bitcoin just went up alone strongly compare to other altcoins. and eth is one of them. it didnt hit all time high yet. but at least it should reach around 4000 level i think. right now its at 3600 level. so if eth can go up while btc is tanking the price or going slowly up we can expect this two senario. one is we go up from here after short consolidation. second is we go up after one more dump. but either way i dont expect much drops because we dont have much bad news right now. in macro economy there are bunch of good news.. israel must end war before biden end his presidency because of political reason. trump will be president on Jan 20th. so untill that time we can expect btc price to hold its position. but after that it could be sell the news scenario. but after some big consolidation period we will start to go up again. if there is no bad news in macro economy
by Bincoti_trade
AMD Harmonic Elliott Wave and Hurst Cyclic AnalysisIt’s been a while since my last update on AMD. Looking at the wave structure, I believe we are currently in a complex pullback, correcting the bullish move from October 2022 to March 2024. This correction appears to be a double zigzag, and we’re in the process of completing wave A of the second zigzag (labeled 'y'). Analyzing the cycles, we can see that the trough from October 2023 aligns with an 80-week (80W) cycle trough and the trough in August 2024 aligns with a 40-week (40W) cycle. Currently, I’m expecting the first 20-week (20W) cycle of this 40W cycle, which is actually the second 40W cycle in the 80W cycle, to occur around December 18th. This would correspond to wave A of the y leg of the larger wave II in the wave analysis. Following this, I anticipate a rally that should take us higher before the extreme bearish phase begins as we approach the 80W cycle trough, which is expected in early April 2025. There is an alternative (less likely) bullish scenario to keep in mind. If wave B becomes more strongly bullish, I would shift my bias to that scenario. However, until that happens, my preferred view remains as shown in the chart.
NASDAQ:AMD
by bamdadsalarieh
XRP - Do not buy now! Be clever, wait for a pullback (here)XRP has been pumping massively; since November it's up +230%. XRP has a logo (X), same as Twitter, which means it's under the control of Satanists/Luciferians. They control the whole banking system and all famous social networks. XRP has a lot of haters in the crypto community. XRP is very bullish from a technical perspective, but let's take a look at what happened during the huge November pump! We see a lot of green candles, but there is a symmetrical triangle around 1.1 USDT. This is a very sweet spot for whales. We can expect the majority of retail traders to put a stop loss below this triangle, and what are the whales going to do? As I said, XRP is highly manipulated; they want to take away money from you, so they will push the price below the triangle to take all sweet liquidity. We have 2 unfilled FVGs (Fair Value Gaps) below the current price, which is also a problem. These types of GAPs tend to be filled pretty quickly but can also take a few weeks. But what matters is that the price will eventually go back and fill them! My strong recommendation is - do not FOMO in and wait for a reasonable pullback. I would put a buy order at around 1.00 USDT. We don't know if the price will continue to go up in the short term, but in the medium term, we should go down and take the liquidity below the triangle! Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. 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!
Short
by Xanrox
142
Nifty SmallCap 100 Elliot Wave ViewWave 2 of 3: This corrective wave occurred between September 2022 and March 2023, lasting approximately 28 weeks, as highlighted in the chart. Wave 4's Progression: The recent peak in September suggests symmetry in the cycle, mirroring Wave 2's timeline. If Wave 4 matches Wave 2 in duration (around 28 weeks), the current upward movement could still be part of the corrective Wave 4 rather than a new impulse wave. Time Symmetry: Considering the reverse channel projection and the similarity in duration with Wave 2, March 2026 emerges as a potential time window for the commencement of Wave 5 of 3, which could lead to a significant breakout beyond the current range.
NSE:CNXSMALLCAP
by Shivam_Gaba
Alikze »» CAKE | Bullish Wave 3 or C Scenario - 1W🔍 Technical analysis: Bullish Wave 3 or C Scenario - 1W 📣 BINANCE:CAKEUSDT In the long-term analysis mentioned earlier, after a zigzag correction to the $1 area, a reversal pattern (inverted head and shoulders pattern) has formed. 🟢 In accordance with the previous analysis , the target was touched. 🟢 But currently, on the weekly time frame, in continuation of the previous analysis, it is in the supply range. 🟢 Two possible behavioral scenarios can continue. 💎 First scenario: This upward movement can extend to the previous minor ceiling and, after a correction to the broken supply range, continue to the next supply area. 💎 Second scenario: If the current supply area cannot be broken (the current supply area is not used up), it can continue the upward path by breaking the supply area of ​​the current range to the $5 area with a pullback to the broken swing. ⚠️ In addition, in both possible bullish scenarios predicted, the price should not enter the LVL validation range. If a price correction occurs and the price touches the aforementioned area, the bullish scenario is invalidated and should be re-examined and updated. ⚠️ »»»«««»»»«««»»»««« Please support this idea 💡 with a LIKE 👍 and COMMENT 💬 if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email 📧 in the future. Thanks for your continued support.🙏 Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by alikze
TMDXNASDAQ:TMDX is likely heading lower to complete the impulse in the wave C of a running flat. I will start buying within the range $60-70. There are two typical dimensions for the wave C of a flat - wC=wA or times 1,618. Zooming in the daily/ 4h frame - there is a clear impulsive move down, that is lacking the final wave 5, printing a lower low. Buying the lower low is more or less safe, and here is why... If the assumption is not valid - and this is not the wave C of a flat, this impulse is then the wave A of a larger structure. Even so, we will get a deep pullback by 50-62% against this bearish move. In any case, the most safe entry would be after the bullish 1-2 fractal is printed on H4/ D1. It may take a look of an inverted Head and shoulders pattern, together with the w4 of C of the last move down. TRADE SAFE
NASDAQ:TMDXLong
by Alpha_Mind
3
USDCAD Elliott Wave AnalysisHello friends, We are witnessing a 5-wave impulse pattern in the USDCAD currency pair. Waves 1 to 4 have been completed. Wave 3 has 5 complete subwaves. Wave 5 also has 4 complete subwaves and wave 5 of 5 has started to complete. So, according to the above theory, we can enter a buy position with a stop loss of 1.39300. The profit limit can also be considered 1.4200, which is also the density of Fibonacci levels. To support me, I recommend installing the Trading View software on your phone and see my analyses and support me with your comments and Boost. Be successful and profitable.
Long
by M_Gheysvandi
1
BTC Dominance Topping Out, Going to All Time LowsBTC Dominance appears to be in a potential 7 year flat pattern. This coincides with the end of 7 year bear supercycle on alt/USD and alt/BTC pairs. The end of the flat pattern is evidenced by wave-c relating to wave-a by 61.8% in price and relating to waves (a+b)/2 in time (yellow boxes). The false break out from the orange trendline, as well as the wisemen on monthly, weekly, daily, etc charts, and the bearish momentum divergences, are all further evidence that dominance has topped. From here, it looks like BTC dominance is going to retest the lows, and considering the likelihood of the end of a 7 year bear supercycle on alts, and the beginning of a new alt season, BTC's dominance could fall to as low as 12%. Fundamentally, little has changed about BTC over the years. While some activity can be moved to layer 2s, the main BTC blockchain is still slow and inefficient, with only 7 TPS most people will not be able to afford to transact on Bitcoin. This will make retail traders and economic activity move to layer 2s and other chains. One chain which will capture a large share of economic activity from Bitcoin is TRON. It has already captured the largest share of USDT, leading to high TRX burn rates. As Bitcoin's fees begin to skyrocket again following skyrocketing Bitcoin network activity, more of Bitcoin's activity will move to wrapped BTC on chains like TRON which are fast, extremely liquid, low fees, and accepted in most places. While this will allow everybody to afford to transact with Bitcoin, it will also cannibalize Bitcoin's dominance. Chains that are similar to TRON which can capture a large share of Bitcoin's economic activity by acting as Bitcoin's layer 2, and in doing so are burning their native token for fees, are going to see their circulating supplies drop very quickly because of money earned and burned from fees, and their prices increase much faster than BTC. It would not surprise me to one day see BTC completely lose it's dominance as the largest crypto to coins which have better fundamentals, especially where they have very high fee revenue and burn rates like TRX, and are significantly faster, more scalable, and turing complete. Either way, I don't think we will ever see BTC's dominance this high again, especially as regulations in the US and around the world begin to favor BTC less and create a fair playing field with other cryptocurrencies.
CRYPTOCAP:BTC.DShort
by Intuit
Technical Analysis of Bitcoin: Short-Term OutlookCurrent Market Situation Bitcoin's technical analysis currently reveals intriguing signals that warrant investor attention. Price patterns and technical indicators suggest a potential consolidation phase following the recent bullish performance. Key Technical Levels Chart analysis highlights a crucial technical level for Bitcoin at approximately $66,203. This level, presently below the market price, could play a significant role in upcoming price movements, potentially serving as a support level in case of a correction. Short-Term Projections Advanced technical analysis tools, particularly the Zig Zag with Adaptive Projection indicator, forecast a possible 15% decline over the next three weeks. This projection is based on the identification of significant pivot points and analysis of historical trend patterns. Market Interpretation The current technical setup, combined with Bitcoin's elevated price levels, indicates that the market might be entering a rebalancing phase. A corrective movement or a period of consolidation appears likely in the coming weeks. Conclusion Technical analysis suggests that Bitcoin may undergo a period of readjustment following its recent performance. Traders and investors should remain vigilant and adapt their strategies according to evolving indicators and market movements. It's crucial to note that while these projections are based on sophisticated technical models, they should be considered within the broader context of the cryptocurrency market, which remains subject to various external influences.
BITSTAMP:BTCUSDShort
by Julien_Eche
Gold no more bullish? (XAU/USD)The daily XAU/USD chart reveals a completed Elliott Wave (1-5) structure, with wave (5) peaking near the $2,720 resistance level. This marks a potential reversal zone for gold prices. Expected Corrective ABC Pattern: Wave A: The initial decline is anticipated to target the $2,605-$2,620 support zone. Wave B: A minor retracement is expected to occur, likely staying below the $2,720 resistance level. Wave C: The final wave may extend the decline towards the $2,560-$2,580 lower support zone. Key Levels to Watch: Resistance: $2,720 Support Zones: Middle support: $2,605-$2,620 Lower support: $2,560-$2,580 Trading Strategy: Given the high sensitivity of gold prices to macroeconomic events, traders should exercise caution. Proper position sizing and setting appropriate stop-loss levels are crucial to mitigate potential risks. Monitoring upcoming economic releases and geopolitical developments is essential, as these factors can significantly impact market volatility. Keep an eye on the evolving market conditions and adjust your trading strategy accordingly. Good luck!
TVC:GOLDShort
by me22_
EURUSD → Correction after false breakdown before further fallFX:EURUSD is taking a chance amid the local correction of the dollar. The currency pair can test the local highs. But! You need to be careful as there will be a lot of news today. Fundamental background is generally negative. (Trump's victory, tariffs for European export goods, lower interest rates and so on). This all accompanies the global and local downtrends. Accordingly, in our case, since a false support breakout is forming on the chart, we should wait for a retest of resistance and reversal patterns to further consider selling attempts with the purpose of further decline. Resistance levels: 1.0606, 1.065, 1.076 Support levels: 1.0517, 1.044, 1.033 Accordingly, we follow the nearest resistance, if bears behave aggressively on the background of the news, the price will continue to fall from these areas Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
6
PYR - Two ScenariosPYR has been in a bearish trend since Dec 2021. It bounced twice recently in Aug and Nov 2024 from a historical Demand zone. In the long term its bullish. But in the short term I expect 2 scenarios. The yellow is a bearish one that expects a further drop to the demand zone to mark a major bottom, breaking $2.1 confirms the yellow scenario. The white one is bullish and expects the price to continue going up to pass $6.9 which is the confirmation of the white scenario.
CRYPTO:PYRUSD
by MohamedSewid