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Elliott Wave

Not seeing a huge upside to ETHIt looks as though a recent correction for ABC is complete with a new impulse of 5 waves just commencing. Will the 5 waves break through the upper trend line in this impulse or will they correct as it they buffet the trend line down for another short ABC and then push through the trend line in the next set of 5 waves? We have some wonderful upward lunges of late with ETH, but I'm not seeing the size and scale that we're seeing with BTC. Going long, but not aggresively. Follow for more.
BITSTAMP:ETHUSDLong
by cryptechcapital
2
Anticipating Google’s Next Move: Short Term SwingGreetings Everyone, This is my 4th posting today - please show support by commenting and leaving a like. This is a rough draft of an idea I have for shorting what is probably my favorite stock in the entire market. I’ve chosen to use this format, line chart, and color scheme because it best illustrates the idea, especially considering the numerous personal notes I’ve hidden on the chart for reference. Based on Elliott Wave Analysis and my interpretation of this chart, I believe a near-term correction is approaching for ticker GOOG / GOOGL. Google Earnings: Stellar Earnings ❤️ Google generated $88.27 billion in revenue for the quarter, which was higher than the anticipated $86.3 billion. This marks a 15% year-over-year growth compared to Q3 2023’s $77 billion. Net income was also robust, reaching $26.3 billion, up from $19.69 billion a year ago . Technical Analysis: This evaluation is based on a long-term analysis using Elliott Wave Theory, mapping out the five-wave sequence. In the chart, you’ll notice a completed wave 5,A,B and Wave C starting to unfold. Bearish signs 🪧 - Exhaustion Gaps - Failure in reaching previous major rejection point - Massive Bearish Engulfish Candle on candle stick chart - Broke through previous consolidation zone - Based on previous analysis failed W bottoms and inverse head and shoulder patterns have a strong reversal if fails to follow through. - MACD turning down with big selling volume Best, Clemard
NASDAQ:GOOGShort
by coilemard
2
Bitcoin - Last stage of the pump! (sell here and wait 50% crash)Bitcoin is in the last stage of the bull run. Buying Bitcoin at 93,000 is not worth it for the long term because you will be able to buy it cheaper in 2025/2026 at the price around 60,000-50,000. The moon boys are back and everyone is very bullish; that is usually a sign of a cycle top. Bitcoin always moves in significant cycles and is highly volatile. New people don't know it, and their finances get completely ruined with each bearish cycle. Let's look at the technical analysis. Always start with simple trendlines. We can draw a very nice trendline starting from wave (1) -> wave (3). These 2 points are significant swing highs. This gives us a current profit target of 107,000 USD in December 2024. Next, what we want to do is look for the Fibonacci extension levels. As per Elliott Wave analysis, we are in the last wave (5), You want to draw the fibonacci extension from the start of wave (1) to the end of wave (3) and the second point will be the end of wave (4). This also gives us a profit target of 107,000 USD! This is not random; this is pure skill. 95% of retail traders don't use the Fibonacci extension tool, and among the 5% of users, 95% of them don't know how to use the tool properly. I know how to use it properly with the Elliott Wave theory, as I have been trading crypto for almost 10 years. Enter a short position at 94,500, first profit target 92,480, second 91,062. 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
161
DOT/USDT (Very Important) The MATIC chart I shared is almost identical to the DOT chart, with only minor, negligible differences. The same scenarios are active for both DOT and MATIC. The white scenario I’ve illustrated represents an initial correction followed by an impulsive rise, while the orange lines indicate a 1-2, 1-2 setup with minimal corrections. For DOT, the invalidation level for the white scenario is $7.15. In my opinion, the probability of the white count is 51%, and the orange count is 49%. This is not investment advice. If you ask me, it looks like the last accumulation phase before a major rally in altcoins. Again, this is not investment advice.
BITFINEX:DOTUSD
by yagizatokersoy
MATIC/USDT (VERY Important Update)I previously shared an analysis for MATIC, and now I’m updating it. The reason for MATIC's price rising while the market volume is decreasing is due to the dominance of the wedge pattern. The chart I’ve shared should not be overlooked at this point. The invalidation level for this Elliott wave count is $0.56. For those holding in spot, there’s no issue, and there’s no need to sell. For futures, it’s better to observe for a while—neither short nor long. This is not investment advice; it reflects my own opinions and strategy. There are many different Elliott wave counts in the market, and accurately predicting them is truly challenging.
by yagizatokersoy
GOLD → Why is the metal rising? A chance to upgrade ATH to 2800?FX:XAUUSD rallies and seeks to renew the local maximum. The fundamental background is changing in favor of the metal, to which aggressive buyers are running... Gold is not reacting to the dollar rally and hawkish Fed rate statements. Markets now rate the probability of a 0.25% Fed rate cut in December at 51%, up from 84% a week ago. The reason for the metal's rally is paramount to the escalating conflict in Eastern Europe. The US Democrats have untied the hands Ukraine, which has caused Russia to change its nuclear doctrine and lower its threshold for retaliatory decisions. The conflict, fundamentally, is taking a more serious side. Gold, as a hedge asset in times of crisis, is soaking up investor money and feeling strong buyer support Technically, we are getting a high probability that the metal can update ATH to 2800-2850. Resistance levels: 2710, 2731, 2750 Support levels: 2689, 2680, 2674 There is strong resistance ahead, which may trigger a correction to the nearest liquidity zones, but we are not talking about reversals. The correction may end quickly and the price will go into the bull run phase again. Medium-term targets are 2731-2750 Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
17
Alikze »» ETH | Supercycle Bullish Wave 3 or C Scenario - 1W🔍 Technical analysis: Supercycle Bullish Wave 3 or C Scenario - 1W 🟢 BINANCE:ETHUSDT Ethereum currency in the weekly time frame: As mentioned in the previous analysis , the supply area can have two movement paths. 🟢As mentioned: The first scenario, after completing the first wave in the supply area with a correction to the support area of ​​the green box area, the range of $2,500 extended. Meanwhile, in the lower time frames, the details of the behavior of the Ethereum currency were also fully discussed. 🟢 However, in the 4-hour time frame, the ascending micro-waves of the first cycle were examined, as predicted, the ascending wave extended to the supply area of ​​3,200 to 3,500. 🟢 Therefore, the first cycle can end in the current range or slightly higher and form a zigzag correction to form a 3-of-3 ascending wave. 🟢 However, according to the movement path predicted in the previous analysis, this ascending cycle has the ability to grow at least to the 0.78 Fibo area of ​​the previous wave. 🟢 Considering that this cycle is inside a triangle, it can continue as long as the triangle base. 🔴 Important: Due to the application of the triangle base and the ability to grow to the supply area specified according to the Elliott scenario, this bullish cycle will be able to grow to the large supply area after breaking the 0.78 Fibo area. Considering the current momentum and the bullish engulfing candle in the green box area, the following targets can be touched. 🎯Previous major ceiling, 🎯 Next target 6832 🎯 9357 🎯 Specified supply area (large red box) ⚠️ In addition, in the first step, considering the first bullish cycle, I expect no correction to extend to the Invalidation LVL area. ⚠️ After that, and after the previous major ceiling area is broken, the Invalidation LVL area will be updated. In case of a change in behavior and structure, its details will be reviewed 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
2
NAS100 afternoon updateBearish case for NAS100. From ATH of 21247.5, proposed impulse wave down (red ellipse) and corrective wave up (green ellipse). Price action in the context of proposed ending diagonal wave ((5)) (wedge) and failure of price to tag median line (red line) of pitchfork. Bottom of wedge has held as support for price in proposed wave (2) (red ellipse). If count is correct, first sign would be impulsive price action (wave (3)) to break below wedge and head towards target of 18297.4. If this is the market top, price will likely go much lower, back towards October 2022 lows.
PEPPERSTONE:NAS100Short
by discobiscuit
1
NIFTY50.....Sucker-wave has started!Hello Traders, the NIFTY50 has declined to 23263 on Thursday and my forecast ("...one more lower low") played out well! The decline since the ATH is to count as a "five down" and Friday's price action seems to mark the end of the weakening phase and a pullback has begun!? If so, a first target range is around the 24484 to 24537 range with more bullish potential exist. Even more, the N50 has fallen into the area of the 0.618 Fibonacci of the advance from 21281 to 26277! Anyway. Normally a correction is to watch with a first leg done, a "counter-trend move" into the main direction of the larger trend, and finally, a second leg down to complete the correction. So, we have probably seen a first leg down and the coming days could be bullish. I have labeled the chart as a wave (v/a?) with a "question-mark, 'cause I am not sure what next to come. Seasonal we are in a phase of bullish price action, but....!? We will check the pattern early next week and see.... Have a great weekend..... Ruebennase Please ask or comment as appropriate. Trading on this analysis is at your own risk.
NSE:NIFTY
by ruebennase
USDCHF Elliott Wavehello friends We see a triangle in the USDCHF currency pair. Triangles are always seen in wave 4 or B zigzag. But everything depends on where these triangles break. It usually moves in the same direction after the break and the Pullback goes to the lane. My theory is wave B of Zigzag and the price is more likely to go up. Stop loss can also be set at the end of the previous wave or previous swing, because if the previous wave or previous swing is broken, the analysis and the selected path are invalid and you have to enter the trade in the direction of the price break. . The probability of price increase is much higher than its increase. Therefore, we have prepared a trade for a bullish move. To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
Long
by M_Gheysvandi
1
XAU/USD 20.11.2024OANDA:XAUUSD Hello Traders, Here are my thoughts for the coming days/weeks/months, based on the Elliott Wave method: It’s clear that we’ve topped out at wave (3).I anticipate seeing an ABC correction forming within the overall wave A to B. Fibonacci target levels for the smaller wave C can be drawn once wave B is established. My plan is to short at the 78% Fibonacci level where also a high volume area is, riding the move down in wave 4. Along the way, I’m looking for a clean 1-2-3-4-5 setup from the larger wave (B) to the larger wave (C). That would be phenomenal clear chart set up. If you have any questions, feel free to ask! ;)
OANDA:XAUUSDShort
by NeptenFX
Target (TGT): A Buying Opportunity in the GapAfter three months of waiting and planning this setup on NYSE:TGT , we are finally buying shares following the recent drop into the desired breakout gap. Before this move, the stock hovered around the Point of Control (POC), making a breakout in either direction inevitable. This decline now provides a more favorable risk-to-reward ratio, setting us up to aim for the all-time highs once again. If the level of wave (4) is breached, we will need to reassess our bullish outlook and consider a potential deeper correction. However, the setup remains promising as the 78.6% and 88.2% Fibonacci retracements align perfectly with the lower edge of the gap. Historically, NYSE:TGT ’s oversold RSI since 2019 has led to a minimum 50% pump in four out of six cases, further solidifying our bullish view. The next critical level to watch is $180—reclaiming this resistance will be crucial for continued upward movement. Until then, we will stay patient and monitor the situation. ✅
NYSE:TGTLong
by freeguy_by_wmc
McDonald’s (MCD): Crisis Management and Market ReactionWhat a perfect flat this is on McDonald’s. Already back in the range and finished the wave ((ii)) at the 50% Fibonacci retracement level. Far more downside is expected for $MCD. If we are right about this intra wave count, we should see the level of wave ((iii)) to be at a minimum of $258.5. The outbreak that caused the big drop was linked to slivered onions used in Quarter Pounder burgers, which affected 104 individuals across 14 states and resulted in one death. To address the crisis, McDonald’s will invest $35 million in marketing and advertising campaigns to rebuild customer trust and foot traffic. Additionally, $65 million will be directed toward franchisee support, including deferrals on rent and royalties. To recover from this significant image damage, it will likely take much time for NYSE:MCD to resolve these challenges. Therefore, it would also be valid if NYSE:MCD sweeps the range low at the level of $245 before coming back to at least the range middle.
NYSE:MCDShort
by freeguy_by_wmc
Gold Analysis==>>Contracting Triangle!!!Gold ( OANDA:XAUUSD ) is moving in the Resistance zone($2,688-$2,666) . According to the Elliott wave theory , Gold has successfully completed microwave 4 with the help of a Contracting Triangle and is currently completing main wave 5 . I expect Gold to go up at least as far as the Potential Reversal Zone(PRZ) [$2,679-$2,675 ] and the upper line of Bollinger Band and then correct . Note: In previous posts, I told you that the Bollinger Bands indicator works well for gold in the 1-hour time frame. 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; 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.
OANDA:XAUUSDLong
by pejman_zwin
2
100k might start wave 4 of 5Hi all, what an exiting time to be part of crypto. BTC is putting in all time new highs almost daily at the moment, it's incredible to watch. This chart shows that hitting 100k might end the gorgeous wave 3 of 5 we've been having of late and plunge is into a wave 4. Not to worry, if this happens this will be a lovely buy dip as wave 5 will be owed at this point. Don't forget, this 1-5 impulse is only wave ONE of FIVE of a higher degree of trend so there's plenty more up to go as yet. Follow more more.
Long
by cryptechcapital