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Elliott Wave

USDBRL_1W_Buyhello Analysis of the Brazilian real in the medium and long term Elliott wave analysis style The market is in an upward trend and in the medium term we are in wave 3, which wave 3 includes 5 waves. The target of wave 3 is 6.5500 and again we can have a correction as wave 4 to 5.8800 and continue to climb for the big wave 5 towards 7.4400 Sincerely, I am a dear Brazilian and the country is extremely beautiful and the entire continent of America ends in the great country of Brazil. I traveled around the continent of America in 2024 and I have not seen a country like Brazil, especially Sao Paulo. I wish all the best for Brazil
Long
by Elliottwaveofficial
4
EURUSD → Consolidation “flag”. Willingness to go below...FX:EURUSD is forming a consolidation in the “flag” format, the purpose of which, in the current situation, is to accumulate the potential for continuation of the trend... Fundamental background is still negative. On D1 we can clearly see the consolidation below the key level of 1.0600 after a strong fall. There is no proper and logical reaction in the form of a pullback. Accordingly, based on this we can conclude that the dynamics and strength of the buyer is not enough to reverse the local situation. The dollar is starting the recovery phase again, which may put pressure on the euro. Technically, the emphasis on consolidation “flag”. The exit of the price from the boundaries of this channel will provoke further movement. Resistance levels: 1.0606 Support levels: 1.0521, 1.044 It is not worth trading inside the flag. The exception is a retest of resistance. Opening an order is acceptable after a false breakout. But, the emphasis is on 1.052. Breakout and fixing of the price below this zone can strengthen the fall Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
5
SOL → One step away from ATH. Will the maximum be updated?BINANCE:SOLUSDT is rallying and testing the high of 248.44, but what is remarkable is that the coin is not pulling back, but consolidating with the aim of reaching ATH or even updating it. The fundamental background of the coin is strengthening as an exchange-traded fund may emerge on the basis of Solana, most likely the issue will be discussed in 2025. There are only 2 ETFs approved so far, bitcoin and etherium. Technically, on W1 the bulls are trying to take control of the 243-244 area. Buyer's chances are quite promising, accordingly, if they manage to keep the defense above this zone, the coin has all chances to form a new all-time high. Resistance levels: 245.3, 248.5, 259.9 Support levels: 242.3, 234.3 The trigger zone is 245.3. A breakthrough and price consolidation above this zone may provoke aggressive buying with the purpose of growth continuation. It is possible that the price may form a correction, for example, to 242.3, 238, 234 before continuing its growth Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:SOLUSDT ;) Regards R. Linda!
Long
by RLinda
1
GOLD: Correction Likely After Impulse RallyThe 4-hour XAU/USD chart shows a completed Elliott Wave (1-5) structure, with wave (5) reaching the $2,655-$2,660 resistance zone, indicating a potential reversal. A corrective ABC pattern is expected: Wave A: Targeting $2,620-$2,630 (middle support zone). Wave B: Minor retracement below $2,655. Wave C: Extending to $2,600-$2,610 (lower support). As gold prices are highly sensitive to macroeconomic events, traders should use proper position sizing and stop-loss levels to mitigate risks. Keep an eye on upcoming economic releases and geopolitical tensions that might affect market volatility. Good luck
TVC:GOLDShort
by me22_
GOLD ELLIOTT WAVE ANALYSIS: 22 NOV, 2024 ©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M. The ((a))-navy wave has completed as a Five-wave, so it is very likely that the entire ((a))((b))((c))-navy corrective wave is developed as a Zigzag ( 5-3-5). And we are moving forward with its ((b))-navy wave, which is probably developing as a Zigzag, labeled (a)(b)(c)-orange. The (a)-orange wave is almost completing its role as a five-wave, I can already count the i-grey wave to the v-grey wave. Basically the v-grey wave can push a little higher, and we will have a pullback with the (b)-orange wave after the (a)-orange wave is completed. After wave (b)-orange ends, wave (c)-orange will continue to move higher, aiming at targets around 2.691 - 2.735. And I will update continuously to follow all its developments. The push below the lower edge of the Channel is a first sign that the (a)-orange wave may be ending. ALT WAVE COUNT (Less likely): Shows that wave 4-grey ended earlier than expected, and wave 5-grey is unfolding higher. When price breaks through 2.735, I will focus on this view.
TVC:GOLDLong
by ShaneHua
NYSE:MU - ELLIOTT WAVE ANALYSIS: 22 NOV, 2024 - BULLISH©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M. I see that an ABC-grey probably just completed recently at the 84.12 low, and the corrective waves are followed by motive waves, so I expect a much higher push in this stock. Looking closer, I see that the 1-grey and 2-grey waves just completed at 95.53 and it looks like the 3-grey wave is unfolding. It is subdividing into ((i)),((ii))-navy. And after the ((ii))-navy wave is over, we can go long towards the ((iii))-navy wave. While price must remain above 95.53 to maintain this view. Key point: Wave B of wave ((ii))-navy.
NASDAQ:MULong
by ShaneHua
Alikze »» TAO | Scenario 3 or C bullish - 1D🔍 Technical analysis: Scenario 3 or C bullish - 1D - In the analysis presented in the previous post on the daily time frame, it was noted that the BINANCE:TAOUSDT AI in the supply zone can have two movement paths. - Considering that the movement cycle in the supply zone ended and had a correction to the green box area. - Considering the correction in the green box area and the creation of demand in the range, therefore, the previous movement cycle can be considered as wave 1 and the correction in the green box area as wave 2. 💎So with the recent zigzag correction, the BINANCE:TAOUSDT currency can have a movement cycle in the form of wave 3 or C of the bullish super cycle. 💎Considering the behavior and structure of the movement, it is in wave 3 or C of the bullish. ⚠️ In addition, if the price touches the Invalidation LVL area, the bullish scenario is invalidated, the chart should be reviewed and updated again.⚠️ »»»«««»»»«««»»»««« 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
$SPY November 22, 2024AMEX:SPY November 22, 2024 15 Minutes. The gap up at open was managed will and 584 is still holding up good. Now for the last rise 587.43 to 595.12 AMEX:SPY need to hold 590 today to continue uptrend in 15 minutes. I will sell only when AMEX:SPY goes below 589 for 584-585 SL 590.5 for today. The gap up made on 6th November is holding good and AMEX:SPY has taken multiple support last few days on top of gap. So far. In 60 minutes 584-585 is a good support so far and is also 200 averages. Having managed to attain 592-593 target, holding 590 i have a target 595 to 598 initially.
AMEX:SPYLong
by RiderTrader
Unity isn't a piece of 'that' any more.., is it?Unity was ruined with it's management decisions on variety of fees and now, they made a U turn after seeing the backlash from devs. It's back on the platter now.!! The overhead supply is a big issue, crossing 30s can take this to blue skies. Take a risk and go long here in 20's. Use puts or put spreads or covered calls to hedge your position. Target 1 - 27 Target 2 - 29 Target 3 - 32 I'm going conservative for now , once we see if any momentum after 32, we can size up and aim higher.
NYSE:ULong
by just4tradin
1
1-2-1-2 $mstr Microstrategy Playing outFixed wave targets for later waves vs. prior post. Self-explanatory - Elliot Wave, Nested 1-2's for MSTR - Time isn't accounted for in future waves... but assume through bitcoin cycle late into next year Chart annotation shows bullish but we are in Wave 4 to at least 280, as low as 100 but given the bullishness of the market expect between 180-280 before next move up... lower she goes pulls end targets lower... analysis assumed .236 - .38 retracements for remaining 4's and 5's. Wave 5 targets were .68 of wave 3... The deeper the wave 4's the lower the 5 targets will be
NASDAQ:MSTRLong
by foreignTortois46123
Potential non-failure swingThe recent breakout from the ascending wedge (a bearish pattern) may have been an extension of the previous 5 waves, rather than the start of a new set. This would be a "non-failure" swing because it didn't fail to break above the (5) wave. My lower targets are based on the general rule that support is found at the (4), but in a low liquidity markets we can lower that to the (2). We can still place a stop below the (1), but a secondary stop could help you sleep. Then, the magic sauce of the non-failure is a fairly reliable resistance under the A wave, which provides a short with a target just below the (4).
BITMEX:BTCUSD.PShort
by ThousandDollarBitcoin
Solana - 15 min Elliott Wave AnalysisGreetings, here is a 15 min update for Solana. We have hit the green Wave 2 support communicate in our last 15 min Elliott Wave Analysis for Solana and have seen a rally in green Wave 3 from it. The targets for the rally in green Wave 3 are at the 1 to 1 FIB at 260.05, the 1.236 FIB at 267.18 USD. the 1.38 FIB at 271.54 USD and the 1.618 FIB at 278.73 USD. If you want further upside targets and a more detailed analysis of them I recommend you reading our last 1H Elliott Wave Analysis! I'll link it below in the notes! :) Here we want to discuss the next key prices to see the rally extend. After green Wave 3 tops out we expect a pullback to the support area in green Wave 4 which sits between the 0.236 FIB at 252.28 USD and the 0.618 FIB at 240.94 USD. A break below the 0.618 FIB at 240.94 USD would indicate that blue Wave 3 and white Wave 5 are in and we started a bigger pullback in blue Wave 4. A break below 229.60 USD would be further confirmation. Be aware that the green Wave 4 support can morph and change if green Wave 3 extends to the upside and that if we break the ATH we will enter price discovery. Thanks for reading. NO FINANCIAL ADVICE.
by KanashimiBro
2
Solana - 1H Elliott Wave AnalysisGreetings, here is my update for the 1H timeframe of Solana! Our Wave 2 support area of last time got hit 3 times! Congrats to everybody who took a long trade there. We hit to the 0.382 FIB which is a shallow but valid retracement. Following this we have seen a rally into our communicated target area between the 0.618 FIB at 255.45 USD and the 0.786 FIB at 267.20 USD which we'll keep on the chart for now. Today, we added some further targets for the rally in green Wave 3 at the 1 to 1 FIB at 260.05, the 1.236 FIB at 267.18 USD. the 1.38 FIB at 271.54 USD and the 1.618 FIB at 278.73 USD. Noteworthy is that the 1 to 1 FIB at 260.05 USD is in confluence with the ATH which can function as further resistance. Noteworthy is that the 1.236 FIB at 267.18 USD is also in confluence with the 0.786 FIB of our target area from the last publication where we also mentioned "The 0.786 FIB at 267.20 USD is also in confluence with higher timeframe FIBS at 268.91 USD and at 265.89 USD.". Be aware that we are in an area where the blue Wave 3 can top which we expect to be followed by a blue Wave 4 retracement and that if we break the ATH we will enter price discovery. We wont call a top yet as a green Wave 4 and 5 are still possible but we will communicate some lower timeframe prices to pay attention to in our next 15 min Elliott Wave update. I'll post it here as a note. :) Thanks for reading. NO FINANCIAL ADVICE.
by KanashimiBro
Alikze »» ETC | Scenario 3 or C bullish - 1W🔍 Technical analysis: Scenario of wave 3 or C in the ascending channel BINANCE:ETCUSDT In the daily timeframe, according to the analysis presented earlier , it encountered demand after reaching the Buyer zone, which led to the breakdown of the descending channel and the touch of the target of $25. - Currently, after exiting the congestion, it is moving within an ascending channel, which is currently at the ceiling of the first channel. 💎 In case of correction, at the ceiling of the first ascending channel, it can encounter demand in the middle range of the channel or the OB zone and continue its growth to the ceiling of the second channel. ⚠️ In addition, in the bullish scenario, the Invalidation LVL zone should not be touched. ⚠️ 💎In case of touching the mentioned zone, the currency's movement path should be reviewed and updated again.
Long
by alikze
6
GOLD → The fundamental backdrop is changing, as are the targets$FX:XAUSUD breaks local trend and makes sellers nervous. The fundamental background is changing despite the growth of the dollar, which is generally positive for gold as a safe asset in times of crisis The dollar rallied strongly on Wednesday as traders increased optimism on Trump's dealings, digesting hawkish comments from the Federal Reserve. Despite the hawkish shift in Fed expectations and the optimism of the overall market syuttaion on the dollar, the gold price held up and benefited from escalating geopolitical tensions between Russia and Ukraine. Against the backdrop of the escalating Russia-Ukraine conflict, the gold price is likely to be firm, but upcoming Fed comments could strengthen sellers. Technically, gold has all chances to test the previously broken channel boundary, but based on the technical and fundamentals, we can conclude that further growth may continue. Resistance levels: 2665, 2686, 2700 Support levels: 2643, 2627 The price is heading towards the zone of liquidity and interest, from which a correction may be formed, after which the market may resume the growth of gold, as the interest to the metal as a hedge asset has returned. Medium-term targets could be 2700-2750 Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
8
GBPUSD: False Resistance Break Could Add to DeclineFX:GBPUSD Back to the liquidity test above after the free fall. The pair lacks bullish conviction amid a stable US dollar and as investors choose to wait for the Bank of England (BoE) Monetary Policy Report Hearing before placing strong bets. A clear bearish wave is forming on the larger timeframe, on the smaller timeframe the downtrend is formed based on negative fundamentals, which only strengthened after Trump's victory. Therefore, any strong resistance can easily hold the market. On H4, it is trying to break out of the main range, breaking the main support level. A consolidation is forming inside the channel, if sellers hold the 1.269 - 1.277 zone, we can expect a decline towards the areas of interest in the medium term. Resistance: 1.282 - 1.277 and 1.269 Support: 1.259 - 1.247 and 1.231 The focus is on the resistance level mentioned above, as the further struggle and movement of the market depends on this important zone at this point. The bearish structure will be broken when the local high at 1.282 i.e. (0.5 fib) is broken and the price consolidates above this zone.
Short
by Bentradegold