XAUUSD: Bearish Correction Expected After Wave ((4)) CompletionGold appears to be completing an Elliott Wave correction pattern
Wave ((4)) is forming a regular correction near $2665 level
Once Wave ((4)) is complete, expect Wave ((5)) to move towards $2600-$2590 area
Key invalidation level remains at $2699.91
Short positions can be considered after Wave ((4)) completion and momentum confirmation
Current price action suggests limited upside potential before bearish continuation
Keep in mind wave patterns can shift. Always use proper risk management and wait for clear confirmation before entering trades.
Stay cautious around key economic events and monitor dollar strength which could impact the expected move.
Elliott Wave
GOLD → Ahead is the Fed and the rate decision. What to do?FX:XAUUSD tested strong support on Tuesday at 2633 before traders moved into a buying phase, hoping a possible rate cut would support their intentions
There is a 93% probability that the Fed may cut interest rates by 0.25%. But the thing to pay attention to here is the general backdrop - the Fed's stance. Hawkish hints about 2025 could have a much bigger impact than a rate cut, which is partially already factored in by the market.
Any hint of fewer rate cuts next year could be a growth driver for the dollar. Powell's comments play an important role in assessing the situation for next year against the backdrop of Trump's policies
Downside risks for gold are quite high due to the controversial situation in favor of the Fed's hawkish stance.
Technically, the emphasis is on the local channel. A price exit beyond 2658 or 2633 will be accompanied by a strong impulse.
Resistance levels: 2658, 2675
Support levels: 2645, 2633, 2620
The situation is very controversial and complicated, that's why several directions relative to the key zones are indicated on the chart.
Everything depends not only on the actual rate numbers, but also on the Fed comments, namely we are interested in the tone and stance for next year. Recommendation - skip trading before the event and wait until volatility decreases to be able to adequately perceive the market position
Regards R. Linda!
FNMA Daily wave 5 projection3x potential ends of wave 5s,
Likely to see some significant moves up to finish a wave
It will be interesting to see what happens from there but I suspect there will be some retracement and possible complex correction for quite a while before pushing higher
The triangle is over a decade long... so likely to continue higher medium to long term
USDJPY → Consolidation of price in the sell zoneFX:USDJPY reaches a strong resistance at 153.87 within an uptrend. Will this direction continue, as the Fed rate meeting is ahead....
Fundamentally, today is a big day for the markets. At 19:00 GMT the Fed rate meeting, where with a 93% probability the decision to cut interest rates by 0.25% will be made, which will make the dollar less attractive, but for how long, given Trump's policy?
Accordingly, the dollar is in a consolidation phase, traders are waiting. If the dollar starts a downward correction, it will affect the currency pair accordingly. But I do not exclude that on the background of high volatility the price may form a retest of resistance and a false breakout.
Resistance levels: 154.95, 156.75
Support levels: 151.44, 159.69
At the moment, after the retest of 0.79 fibo and the key resistance at 153.877, the price is consolidating in the selling zone. The fundamental background may increase the pressure, which may lead to a fall.
Regards R. Linda!
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NOTUSDT 1H – Bullish Wave 5 BreakoutHEY GUYS I HOPE YOU FIND THIS IDEA VERY WELL
Elliott Wave Structure:
Wave 1 to Wave 4 has completed successfully.
Wave 5 is now forming with momentum shifting to the upside.
Key Levels:
🎯 Target Profit (TP): 0.00874
🛑 Stop Loss (SL): 0.000763
Trendline Break:
The price has broken above the descending trendline (yellow), signaling a bullish continuation setup.
Momentum Confirmation:
Heikin Ashi candles show decreasing selling pressure and bullish momentum starting.
Trade Setup:
Entry Zone: Current breakout levels.
Take Profit: 0.00874 (Wave 5 target).
Stop Loss: Below Wave 4 at 0.000763 for a solid risk management setup.
Bias:
✅ Bullish – Wave 5 Potential Upside 🚀
⚠️ Note: Always monitor volume, confirmation, and overall market conditions for risk management.
Disclaimer: This is not financial advice. Trade at your own risk and perform your own analysis before entering any positions.
#Altseason2025 #CryptoMarket #OTHERS.D #Altcoins #CryptoBreakout #TradingViewIdeas
FARTCOIN Ready to Go Down?I usually don't cover highly speculative altcoins like CRYPTO:FARTCOINUSD but when I looked at the chart, it looked a clean 5 wave up complete. It looks ready to begin the correction from here. Difficult to say how this correction would unfold, i.e. ABC, WXY, WXYXZ. It should do a minimum of 38.2% retracement of the whole rise, though I would be open to much bigger correction (>50%).
Having said that, exercise caution given the highly speculative nature of this coin. This view gets invalidated if the high of 0.92305 is breached.
dxy drops to $88Gm.
It has taken us a while to get to where we are today, and I’m excited to share an update on the DXY this fine morning as I sip the tastiest coffee in all the lands.
Two years ago, around this time, I called the top on the DXY via:
We have yet to surpass that high, and today I bring you an exciting update. The DXY has officially confirmed the drop that is to come by rejecting a target we've been eyeing for the last quarter of the year.
While there’s always a chance it could go slightly higher, I’ve included one target above the recent rejection.
If my primary theory plays out, the DXY will see a sharp decline below $90 by the end of 2025. This will also coincide with the creation of a "top" in the global liquidity index.
ETHUSD evening analysisTechnical analysis of ETHUSD.
This count has price at or near completion of wave ((1)) of iii.
Wave ((1)) has completed a five-wave structure.
Wave ((2)) valid with price above 879.80. As price never tagged the median line (red-line) of pitchfork, this analysis suggests a deep wave ((2) towards 1000.
US500 evening analysisTechnical analysis of US500.
This analysis has price in wave 4 of (5).
Wave 4 would appear to be an Elliott Triangle Wave.
If accurate, wave 5 of (5) would provide one more all-time-high to complete top (unless truncated).
Price is very unlikely to tag median line of pitchfork (red line), a bearish side which suggests price should fall back to 5835.6 at a minimum.
Count valid for price below 6197.
PIVX: The Hidden GemPIVX is a dinosaur coin with a relatively low Market Cap (~ FWB:30M in the time of making the idea).
As long as it's above $0.166 (The strict Stop-Loss), I expect a strong bullish move to reach and surpass the ATH!
It has been in an accumulation soft downtrend since the beginning of 2018. It's time will certainly come.
Apple Wave Analysis 17 December 2024
- Apple rising inside impulse wave 3
- Likely to reach resistance level 260.00
Apple continues to rise inside the accelerated impulse wave 3, which previously broke the resistance zone located between the resistance level 242.00 and the resistance trendline of the daily up channel from the middle of September.
The active impulse wave 3 belongs to the extended upward impulse sequence (3) from the start of August.
Given the clear daily uptrend, Apple can be expected to rise further to the next resistance level 260.00 (target price for the completion of the active impulse wave 3).
EURGBP Wave Analysis 17 December 2024
- EURGBP reversed from resistance level 0.8300
- Likely to fall to support level 0.8225
EURGBP currency pair recently reversed down from the key resistance level 0.8300 (former strong support from October) intersecting with the 61.8% Fibonacci correction of the downward impulse from November.
The downward reversal from the resistance level 0.8300 continues the active short-term impulse wave (v) from the middle of November.
Given the strong daily downtrend and bullish sterling sentiment seen today, EURGBP currency pair can be expected to fall further to the next support level 0.8225 (low of the previous impulse wave i).
GOLD → Manipulation ahead of a possible rate cutFX:XAUUSD is declining after a false breakout of 2658 (0.5 fibo). We can say that this is a manipulation before a possible growth. Technically gold has a neutral trend. The emphasis is on support.
Markets continue to consider the possibility that the Fed will lower interest rate by 0.25% on Wednesday. This could spark a bearish rally in the dollar, which would be favorable for gold, which is heading for support. But here we should also take into account the comments of the Fed, which based on economic data is beginning to question its decisions and change into a hawk. The suspension of the rate cut cycle in January may put pressure on the markets, including gold, but this problem is postponed until 2025. Today all eyes are on retail sales.
Technically, gold is flat and heading for strong support....
Resistance levels: 2646, 2658
Support levels: 2633, 2620, 2617
Price is heading towards support before the news. Manipulation before a possible rise? The probability is high :)
We are waiting for support retest, false breakdown and possible growth to the mentioned targets
Regards R. Linda!
XRP → Flag on the back of a strong rally. Going higher?BINANCE:XRPUSD after a strong rally forms consolidation in the format of a flag. According to technical aspects it is a prerequisite for continuation of the main movement. The price is testing the resistance of the figure...
There is not much left to the key point - ATH. After a strong bullish growth the coin has been consolidating for two weeks, in general, on the background of a strong bull market this may be enough. Now we should wait until the price leaves the channel and the bulls keep the defense above the key zones, for example 2.658.
In general, the potential of the project is quite positive, a lot of problems have been solved recently, which put enormous pressure on Ripple.
Resistance levels: 2.6585, 2.8724, 3.063
Support levels: 2.473, 2.20
The coin is accumulating pre-breakout potential in the upper part of the local channel, which generally indicates which way the price is going to go. Breaking through resistance and consolidation of the price above 2.6585 will be a good confirmation of readiness for growth.
Regards R. Linda!
Oil next MovementOil competed the 4th wave of Elliot and moved upward exactly on wave 4 PRZ (Price reversal Zone). meanwhile the shark pattern is completed.
in case if Oil start to complete the wave 5 of Elliot the target price is shown and in case if the price reject the wave 4 PRZ downward, the shark PRZ also is been shown which can be a area to change the price process.
Thanks for comment and boost
EurUsd wave 5 done. Heading to wave C!What I see!
Wave Pattern!
EurUsd completed wave 5 and now going to complete wave C! We will get in when wave b done. Make sure you have your own rules on RR and follow them. This is just a trading idea to help you/ give better knowledge. If you have any question ask me in comments.
Learn& Earn!
BTC | ETH | ALTSEASONBitcoin is trading just underneath yet another ATH, and I'm watching the ETH chart in anticipation for a new ETH All Time High - there is just no way that BTC makes such a marvelous high and Eth stays behind.
The beauty of this, furthermore, is that during and especially AFTER a new ETH ATH, we can expect to see more rallies across the alt market, especially on the coins that have been lagging behind. This however, will also signal the beginning of the end of the bullish cycle.
This post specifically delves into more detail on TOTAL3, BTC.D and the Bitcoin chart. You can to watch it for key indications as to when the bullish cycle is turning bearish:
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CRYPTOCAP:BTC.D BINANCE:ETHUSDT BINANCE:BTCUSDT