Get started

Elliott Wave

USDJPY: Ready for another 1500 pip move? Presidential election in the US, which was one of the most important political events this year, moved the stock market to significant highs, historically speaking. The new rally could weaken the dollar. On the Japanese side of things, the new bullish move might be starting soon. Now that we got the retracement back to our weekly area of interest, its time to start looking for short entries. Our area of interest consists of Fibonacci and VWAP levels. This analysis is taught and provided by Fractals Trading. Trade safely and expect the unexpected, Mei
Short
by martinmei
GOLD → U-turn and fall... Waiting for Powell (Fed)FX:XAUUSD is forming a reversal setup with a bias for the medium and long term. The fundamental background is changing in favor of the dollar at the expense of gold, as well as changing the targets... Trump is the new (old) president of the United States. What does that mean? Rising inflation, a rising dollar, stock market and bonds are possible, but not gold or currency markets. But because Trump's policies promise to be tough on China and Europe, gold may get additional support from investors, but not in the near term, perhaps not in the next year. What are the targets to gold going forward? 2400, 2300, 2200. 2K is not excluded. Now all eyes are on the Fed rate meeting later on Thursday. Will they cut 0.25% or keep the rate the same? The important aspect in that case is the regulator's comments and hints (slowing down the easing cycle is not ruled out). Waiting for Powell... Technically, gold is returning to the range, so the focus is on the internal levels and the key 0.5 fibo, from which the decline may resume Resistance levels: 2670, 2685, 2696 Support levels: 2652 (trigger), 2637, 2624 A correction after the spill is being formed. False breakdown and subsequent consolidation below the above resistance levels will be a signal for the continuation of the fall Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
17
Gold is prepare for wave Bin short tern, 5min/15min chart, the price is testing the EMA 50, after break above, now retesting. If successful with a good volume bar, We can predict the wave A had been formed and now for wave B up. Be aware of incoming Federal Funds Rate and FOMC. if this event make a B wave. we can earn the C wave. I like to take the B wave in the FOMC event if the Gold would not break recent low around 2642. Else the correction A-B-C is invalid and we have to edit the elliott wave.
OANDA:XAUUSDLong
by tSageHuz
3
Bitcoin Market Outlook (W45/2024) // AlgoFyreBitcoin's weekly outlook indicates a potential bearish shift, marked by a failed auction and a possible head and shoulders pattern. A retest of the sell-side liquidity (SSL) zone may confirm further downside. Lower highs reinforce selling pressure, suggesting weakened bullish momentum. 🟢 Short-Term Outlook (Next Few Days to Weeks) - Bullish Scenario 🔸 Key Support Zone : The price action shows a strong support level in the region around 74,415, marked as ATH 2024. This area is likely to act as a significant support if the price pulls back, providing a potential "retest and go" scenario. 🔸 Potential Liquidity Grab : The SSL zone (Stop-Loss Zone) marked on the chart indicates a possible liquidity sweep. If the price dips into this zone and then rebounds, it could trigger buying pressure, leading to a bullish reversal. 🔸 Bullish Wave Formation : The current structure shows the possibility of an Elliott Wave pattern, where a corrective ABC structure might complete near the SSL zone. Following this, a new bullish wave is likely to emerge, suggesting upward momentum. 🔸 Higher Highs Expected : The outlined potential pathways for the price indicate a series of higher highs if the bullish scenario unfolds, aligning with continued bullish momentum towards and beyond the 76,000 level. 🔸 Bullish Summary (TLDR): Key support around 74,415 could serve as a launchpad. SSL liquidity grab might trigger a bullish reversal. Potential Elliott Wave structure suggests upward momentum. Higher highs anticipated in the bullish scenario. 🔴 Short-Term Outlook (Next Few Weeks to Months) - Bearish Scenario 🔸 Possible Failed Auction : The current price structure shows signs of a potential failed auction near the top, suggesting that bullish momentum might be losing steam. This pattern often precedes a reversal as sellers start to dominate. 🔸 Head and Shoulders Pattern : The chart displays a possible head and shoulders pattern, a classic bearish reversal signal. This could indicate a significant shift in market sentiment, with the potential for downward movement if this pattern completes. 🔸 Sell Side Liquidity (SSL) Zone Retest and Breakdown Risk : The SSL (Sell Side Liquidity) zone is a key area of liquidity that could be revisited. If price breaks down after testing this zone, it could confirm a bearish scenario, with further downside expected as sellers take control. 🔸 Lower Highs Formation : The recent highs are progressively lower, a typical bearish sign indicating that buying interest is weakening. This pattern suggests that the market may struggle to push higher, increasing the likelihood of a decline. 🔸 Bearish Summary (TLDR): Possible failed auction suggests weakening bullish momentum. Head and shoulders pattern points to a potential reversal. SSL zone retest may lead to further downside. Lower highs indicate waning buying interest. 🔶 Key Takeaway Bitcoin's price action suggests a potential bearish reversal as sell-side liquidity (SSL) and a possible failed auction indicate weakening bullish momentum. A head and shoulders pattern and lower highs further support the likelihood of downward movement in the coming weeks.
CME:BTC1!
by AlgoFyre
Bitcoin_1d_Buyhello Analysis of Bitcoin cryptocurrency market leader in long and medium term time frame Analysis style based on Elliott waves In the medium term, the market can enter a new upward trend due to the breaking of the resistance level, the main number that can be considered is $66,666. At the moment, by maintaining the high price of this number, it is an upward trend and it can continue to rise, and the target of this wave can be considered to be 125,000 dollars.
INDEX:BTCUSDLong
by Elliottwaveofficial
Gold : BUYGold bullish trading is a compelling option for investors and traders who aim to capitalize on the rising value of gold in global markets. Often considered a "safe haven" asset, gold tends to attract significant attention during times of economic uncertainty, inflation, and market volatility. A bullish approach to gold trading generally involves betting on its price increase through a variety of strategies, from spot trading and futures to gold ETFs and mining stocks. One of the primary appeals of a bullish gold strategy is its potential to hedge against inflation. As fiat currencies lose purchasing power, gold's intrinsic value often holds steady or rises, making it an ideal asset to protect wealth. Furthermore, global demand for gold remains robust, with central banks, jewelers, and technology sectors consistently creating a strong foundation for its long-term appreciation. In terms of trading, bullish positions in gold can be profitable, especially when paired with technical analysis and macroeconomic indicators. Many traders look for signs of economic instability, like geopolitical tensions or declining interest rates, as signals to enter bullish gold trades. In such conditions, spot prices often surge, rewarding those with bullish positions. However, gold trading also requires caution, as the market can experience pullbacks due to profit-taking or shifts in monetary policy. Moreover, gold’s movements can sometimes be sluggish compared to other assets, so timing is essential to maximize gains. Risk management strategies, such as stop-loss orders, are essential in volatile markets to safeguard profits. Overall, gold bullish trading is a reliable way to diversify a portfolio and hedge against economic downturns. With the right market insights and risk management, traders can benefit from this timeless asset’s long-standing value and stability.
CAPITALCOM:GOLDLong
by Kishorekesh
Bitcoin Roadmap!!!(New ATH)Bitcoin( BINANCE:BTCUSDT ) started pumping after it was almost certain that Donald Trump was the future president of the United States because Donald Trump announced his support for cryptocurrency during the last year . In terms of Classic Technical Analysis , Bitcoin started pumping with the help of the Descending Broadening Wedge Pattern . ( Educational ). Bitcoin has already managed to break the Heavy Resistance zone($73,900-$70,900) , but it has entered an important Potential Reversal Zone(PRZ) ; we have to see how long it can continue. According to the Elliott wave theory , Bitcoin succeeded in completing the Double Three Correction(WXY) and is currently completing wave 4 . I expect Bitcoin to start rising again from one of the Targets I have identified on the chart and at least rise to the upper line of the ascending channel . It probably needs Bitcoin correction to create another New All-Time High(ATH) . ⚠️If Bitcoin goes below the Heavy Resistance zone($73,900-$70,900), we should expect more dumps.⚠️ Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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.
Long
by pejman_zwin
15
GOLD → Global reversal H&S. How far do we fall? FX:XAUUSD was looking pretty steady in the Asian session until the press came out with their statements before Trump's speech. The fundamental background is weakening, but there are positive nuances from the news.... There is one last vote left, but Trump has a 99% chance of winning. Markets believe his policies will put upward pressure on inflation, treasury yields and the US dollar, which could have an overall negative impact on the XAU BUT, there is a possibility that in the long term, the gold price will also benefit from the new president's policies as Trump's foreign policy related to China and Europe could cause unrest and panic in the market Sentiment around the US election will play a key role in gold price movement ahead of the US Fed policy announcement due on Thursday. Technically, gold is giving hints of a possible reversal by forming a classic H&S pattern. The main support is at 2708 Resistance levels: 2731, 2735, 2749 Support levels: 2724, 2713, 2708, 2689 Also, H1 is starting to show a local descending channel. Before the official verdict of the vote, the price can still test these resistance areas, but later the market may turn around and start a gradual decline until the end of market-wide euphoria.... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
13