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Elliott Wave

Gold continues rally from 2650?Dear traders, Tom here! Spot gold hit a near two-week high in the Asian session as the worsening Russia-Ukraine conflict benefited traditional safe-haven assets. The weekly uptrend appears to be unaffected by bets for a less aggressive Fed easing, continued USD buying and the prevailing risk-on environment. At the time of writing, gold is hovering around $2,683 and up 0.51% on the day. Technically, gold confirms bullishness, we are watching the resistance zone ahead after a false break of 2,686, a break would be bullish while a hold would be bearish. But in any case, the preference remains on the buyers, as interest in the metal as a hedge has returned. Medium-term target could be 2,710-2,750
OANDA:XAUUSDLong
by TomtradeFX
Gold : The fundamental context and goals have both changedOANDA:XAUUSD a local downtrend channel breakout damages sellers. The fundamental background is changing despite continued USD buying and a generally risk-off environment, which is overall positive for gold as a safe-haven asset in times of crisis. The stronger USD, supported by the ongoing "Trump trade" rally, and US bond yields have rebounded across various maturities. Despite the optimism for the USD, gold prices remain resilient and benefit from the escalating geopolitical tensions between Russia and Ukraine. Therefore, gold prices are likely to continue their growth in the near term before today’s scheduled news (PMI)... However! Since this is pre-news before session closing, reactions are likely to consolidate for sellers before further strengthening. Technically, gold has every chance to test the boundaries of the previously broken channel, but based on fundamental news and technical factors, we can conclude that further growth may continue. Prices are heading toward a liquidity zone, from which a correction may occur, followed by expected further strengthening in the near term. But in any case, I prioritize and consider buying upon a clear breakout of gold at 2686 - 2700, targeting the medium-term highs as outlined on the chart.
OANDA:XAUUSDLong
by Bentradegold
2
Tesla UpdateLast Friday, Tesla managed to make another slight high breaching the 0.854 slightly but has yet to breach the prior $362.80 high. This could be one of two things, and both of which we have already been tracking so none of this should come as a surprise. The first possibility is within the white count. This b wave would just be deep and has either already topped or needs a VERY slightly higher high. Technically speaking, it could breach that prior high mentioned above and still be considered a b wave. Due to the preceding price action, I would not call it that, but nonetheless, that is possible. In this count, it sees price heading lower towards the next box either tomorrow or Tuesday at the latest. There just isn't much more room for any upside in the white count. The second possibility, it in the form of an ED for the turquoise count. The reason why I say an ED, is due to the choppy overlapping price action. Standard impulsive waves do not carry so much chop as they are decisive moves. ED's are traders unsure if the trend is ending or not causing chop, and when it ends, it creates a swift reversal in the opposite direction. If this is the case, we would need some downward action overlapping wave 1 @ $324.65. After which, price would head back up and ideally tag the turquoise box. It would only be required to make a new high, however, and is not required to tag the ALT target box. The chances of the turquoise count are definitely elevated due to that breach of the 0.854 @ $354.02 but is not a sure thing. As mentioned above this has primarily been overlapping choppy action reminiscent of a corrective pattern. For this reason, I still believe we're dealing with a b wave and not an ED. Unfortunately, we cannot know for sure without a little bit more price action. If we breach that $362 high, we know it is the turquoise count and to expect a swift reversal downward in the near future. If it is the white count, then price should begin to head down within the next two days and breach the prior $302.68 low in the near future. In short, there is very little room to move upward with the current pattern. A long position at this juncture would not be wise. This week will be a short week due to the holiday, so keep that in mind when placing any trades.
NASDAQ:TSLA
by TSuth
XAUUSD Short Term Outlook: Wave Structure in PlayGold is currently riding a strong wave structure, aligning with a clear 5-wave impulsive move upward. We’re nearing the completion of Wave 5, with resistance projected around the 0.786 $2764 and 0.886 $2761 Fibonacci retracement levels. From there, I anticipate a corrective ABC pattern to unfold. Wave A could target the $2,664–$2,634 range 50%-38.2% retracement of the impulsive move. Wave B may act as a minor pullback to the upside, followed by Wave C, which could extend to deeper levels around $2614–2579, 61.8%-78.6% retracement zones. This corrective structure could set up the next leg higher, with bullish momentum resuming. Keep an eye on $2,614 as a potential accumulation zone, leading into a rally toward new highs.
OANDA:XAUUSDLong
by Derick-VT
Alikze »» MOVR | Supercycle Bullish Wave 3 or C Scenario - 1D🔍 Technical analysis: Super cycle Bullish Wave 3 or C Scenario - 1D 📣 MEXC:MOVRUSDT currency has encountered demand after a zigzag correction in the 3.61 range, which has had a rapid upward rally 🟢 After that, the price has had a double complex zigzag correction to the origin of the third upward wave. 🟢 Again, in the origin of the third movement, with a three-wave movement, it has encountered demand again in the area of ​​the bottom of the ascending channel. 🟢 Currently, selling pressure is also observed in the ceiling of the ascending channel and the supply area. 💎 If this correction is broken in the form of a zigzag to the minor ceiling, it can be extended to the minor ceiling. It can again encounter demand and an upward rally to the minor ceiling of the previous rally. 💎 Depending on the momentum, this cycle can be a super cycle wave 3 or C to touch the red box area. ⚠️In addition, if the area touches the bottom of the previous wave, 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
5
$SPY November 25, 2024AMEX:SPY November 25, 2024 15 Minutes On Friday as expected 596 was done. A box is formed. tight sideways move. So, on Monday for the rise 584.64 to 596.15 holding 591 levels uptrend will continue in 15 minutes time frame. Noe for the 611.07 to 583.8 AMEX:SPY has retraced more than 61.%. So, for the moment any retracement I expect 584 to hold on downside. In 60 minutes, time frame for the move 567.89 to 600.17 to 583.86 61.8& extension is around 603 levels. That is the first target for me. Also, in 15 minutes taking 2 LL at 584.02 and 584.64 and high at 591.06 first target of extension value 596 is done. The second target here too is 603 levels
AMEX:SPYLong
by RiderTrader
4
Cronos CRO In Trouble - BUY & HODLCronos can go bust, but even so, it's on Sale. CROUSD / CROUSDT will go straight bull at one point. So, I am still buying these poopy coins on each major fall they have. Yeah, that's what I do.. putting my money into a black hole. My next good BUY LEVEL: $0.03 . Who knows, maybe I'll actually get rich. My Technicals on CRO: * Elliott Wave A-B-C Pattern * Fibonacci Retracements * Fibonacci Time Zones * Double Bottom * Cycle Analysis * Bullish Divergence Fibonacci Time Zones tell me that the beginning of '23 will be amazing!
COINBASE:CROUSDLong
by Lionheart-EWA
15
DOGE To Mars - The Elon RideDOGE got a memorable boost with the previous FOMO. With the Crypto Markets preparing for the next boom, I think this one will go again. This dog went to the Moon, now Elon's gonna take it to Mars. I will not hesitate to get my hands on this Dogecoin at the $0.03-$0.01 range. DOGEUSD ( DOGEUSDT , DOGEBUSD ) Tech. Analysis: * Elliott Wave Impulse: Cycle A (white) * Elliott Wave Correction: Primary A-B-C (red) * Ending Diagonal: Primary C (red) * Bullish Divergence * Demand Zone * 88.6% Fibonacci Retracement * 61.8% Fibonacci Extension * Double Bottom It might take a while, but it proved to be a nice meme coin. So, might as well get some if it provides a better level.
BINANCE:DOGEUSDLong
by Lionheart-EWA
8
Ripple XRP - The Banks Worst Nightmare - Beast ModeRipple ( XRP ) will put the banking system to the test. Many attempts to shut down this "wonderful" coin have been made. Still, it's alive, has a pulse, and it's barely getting started for the New Crypto Age. It will take some time indeed, until it would be implemented in the systems. All I can say is that, IMO, the Crypto Revolution is inevitable. Anyway, let's get on with it and have a deeper look at Ripple. XRP ( XRPUSD , XRPUSDT , XRPBUSD ) Tech. Analysis: * Elliott Wave A-B-C Pattern: Cycle a-b-c (red) * Ending Diagonal in Cycle C (red) * 88.6 Fibonacci Retracement * Bullish Divergence * Demand Zone * Double Bottom There you have it! A trading set-up. But where's the level bro? Oh.. yeah, it's $0.175 . Good luck you HODLer!
BITFINEX:XRPUSDLong
by Lionheart-EWA
10
EOS The Ethereum Killer LOL - BUY & HODL EOS was supposed to be the Ethereum killer, LOL. However, if the Crypto Markets start booming then EOS ( EOSUSDT , EOSUSD ) would triple the ATH. I've been holding and adding more on the next drop. A good level IMO is: $0.50 . My Technicals: * Elliott Wave A-B-C Pattern * Cycle Analysis (Early '23) * Super-Cycle (b) (turquoise) Completion * Demand Zone @ 0.50 Levels * Zig-Zag Pattern (Correction) I am expecting a Crypto Bull Market to start soon.
HITBTC:EOSUSDLong
by Lionheart-EWA
15
Solana to $750 - BUY & HODLSolana will not go bust, it's too big for that. SOL ( SOLUSDT , SOLUSD , SOLBUSD ) has great value behind it. The project is amazing, and it's on SALE! So, I am holding and adding even more @ $5 . Yeah... when people are panicking, I buy. :)))) My Technicals: * Elliott Wave A-B-C Pattern * Double Bottom * Demand Zone * Double Bottom * Fibonacci Retracements The Fibonacci Time Zones point me to a Bull Market Cycle starting with '23. Good luck getting rich! :D
BINANCE:SOLUSDLong
by Lionheart-EWA
32
ETH to $25K - No Joke - BUY & HODLEthereum is at levels not seen since the Crypto Stone Age. The Crypto Markets will start BOOMING! ETH ( ETHUSD , ETHUSDT , ETHEUR ) is getting ready to go Bullish. When? Early '23. The Fibonacci Time Zones and Cycles tell me that the 3rd Fibonacci Summation is NOW. So, I reckon Cryptos are getting ready for something BIG. I do see a last drop before that though. From Jan '18 until Dec '18 ETH had a whooping 94% crash. We're only at 82% from Nov '21 top. So I am waiting with buying interest for a much better level. I am buying big dips, adding value. If you look at the Ellipse, Ethereum is doing the same pattern it did on the previous Bear Market. Hmmm... I've decided on my best BUY level: $550 . Technical Analysis: * Elliott Wave A-B-C Pattern * Jan '18 - Dec '18 Fractal Sequence * 88.6% Fibonacci Retracement * Harmonic Pattern: Bullish Cypher * Fibonacci Extensions Confluence * Bullish Divergence * Demand Zone What more do you need? Oh yeah, a much better price. :D We went to the Moon, now let's go to Mars!
BITSTAMP:ETHUSDLong
by Lionheart-EWA
13
Bitcoin BTC to $250K - BUY & HODLBitcoin went to the Moon with Dec '17 top. Then it corrected 88.6% on the Fibonacci Retracement with Dec '18 bottom. After that it went to Mars and hit the tops again in Nov '21. It was a 2000% gain. What can you tell from this? Percentage-wise, Correction is lower than the gain. So, the Dominant Trend for BTCUSD is UP! OK, back to Earth. Let's gather fuel and power-up the rocket. Time to go Interstellar. Before I go into the technical stuff, allow me to keep things simple for you. I took the liberty and measured the BTC Cycles. But you don't need to worry about that, just follow my lead! I used a fancy tool called Fibonacci Time Zones. This tells me roughly when the next Bullish Cycle for Bitcoin will start. We are on the 5th Fibonacci Summation milestone, and another 2000% gain is destined to commence. When? Early '23 , like all other Cryptocurrencies. What's the level? My ultimate levels are: 10K & 7.5K . I will buy more there. I will HODL for the long-term because I know it's a waiting game. Now you have what you came for: when & where. You can go ahead and open the next idea. :) Thank you and you're welcome. But if you capable of digesting what's to come below, then I put my hat down... Bitcoin ( BTCUSD , BTCUSDT , BTCBUSD ) Technical Analysis: * Elliott Wave Cycle: Complete V Cycle Degree (white) * A-B-C Elliott Wave Correction (red) * Ending Diagonal in Cycle C (red) * Harmonic Pattern: Cypher * 88.6% Fibonacci Retracement * 161.8% (Golden Ratio) Fibonacci Extension * Bullish Divergence * Dominant Trend Line (turquoise dotted) * Demand Zone * Fractal Pattern If you get all this without a headache then you're a legend! The Aug '15 to Dec '17 is what I'm expecting, and it's a BIG one. Good luck my fellow HODLer.. Thanks for the like, Richard, the Wave Jedi.
BITSTAMP:BTCUSDLong
by Lionheart-EWA
9
Bitcoin Dominance: Elliott Wave and Harmonics ComboBitcoin Dominance ( BTC.D) is giving a fantastic trading setup. It's preparing a BIG Bullish Swing. From an Elliott Wave point of view, a bullish Impulse Wave is about to start. In this case I'm talking about Super-Cycle (C) (turquoise). Moving on to Harmonic Patterns, there are two: The smaller one is the Bullish Shark, which is preparing its completion. The second one, and the bigger view, is the Cypher Pattern, which will commence one the Shark is done. So, bottom line: BTC.D is gonna start flying, and will push the Crypto market into a fantastic Bull Cycle. Bitcoin Dominance ( BTC.D ) Technical Analysis: * Elliott Wave Impulse: Super-Cycle (C) (turquoise) * Harmonic Pattern: Bullish Shark * Harmonic Pattern: Bullish Cypher * Double Bottom * Bullish Divergence * 88.6% Fibonacci Retracement * 61.8% Fibonacci Extension * Demand Zone Conclusion: Bitcoin (BTCUSD) is and always will be the one and only driver of the Crypto Markets.
CRYPTOCAP:BTC.DLong
by Lionheart-EWA
15