Dollar Index - Nearing the end of a correctionThe latest update is that we are trading in an A-B-C flat correction, and more precisely in the C-wave, which should develop in 5-waves as well. It appears that 3-waves have completed and we are now in the corrective 4th wave that should be followed by one last run higher that could target 108.95/109.50. If we are right, this should hopefully be the end of the Dollar’s bull run and lead to another wave of selling
Elliotwaveanalysis
𝙄𝙩'𝙨 𝙖𝙣 𝙞𝙣𝙝𝙚𝙧𝙚𝙣𝙩 𝙢𝙖𝙧𝙠𝙚𝙩 𝙗𝙚𝙝𝙖𝙫𝙞𝙤𝙧 !!Bitcoin has completed its 5TH upward wave, and now it's time for a price correction down to around 95k. The price can correct itself and then continue its growth.
every uptrend has to be corrected, that's the nature of the market.
Give me some energy !!
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
EURUSD: New Sellers Can Show Up From 1.06After a sharp drop at the end of last week, EURUSD is now attempting to stabilize. We can observe five waves up with a Sunday gap in the middle, which was eventually filled during Asian trading hours. In my opinion, this gap could act as a support level and lead to further upside, especially if the current move is a temporary wave "b" drop of a corrective rally.
Further gains are expected then in the short-term only. Keep in mind that the higher-degree trend remains bearish, and the upside could be limited once wave C unfolds. Strong resistance is seen at 1.0550–1.0610, where the whole fourth-wave rally could come to an end. Euro can turn bullish only if we see recovery above 1.0764.
GH
XAU/USD 24.11.2024OANDA:XAUUSD
Hello Traders,
Welcome to my chart update for the upcoming week!
Currently, we might be experiencing a small correction. I now interpret that we completed a 1-2-3 move on October 30. As a result, we could potentially be forming an ABC structure within wave 4.
Wave (A) might be seen as an ABC move, but it's too messy for me to draw it accurately. The upward movement to wave (B), however, could be counted as a 1-2-3-4-5 move.
The target for wave 5 is particularly interesting. It aligns closely with the Fibonacci entry levels from wave (B) and matches almost perfectly with my volume indicator.
So, folks, remember: don’t trade emotionally. Wait for the price to enter the target zone, and then look for signs of short volume at the specific levels. The take-profit (TP) level would be at the end of wave (C).
Wave (C) can be charted once wave (B) has been rejected. From there, we would expect a 1-2-3-4-5 setup downward, with the fifth wave marking the (C) target.
Good luck, and stay calm!
XAG/USD 20.11.2024FXOPEN:XAGUSD
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, stopploss would be above the last high take profit would be all the way down to 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).
If you have any questions, feel free to ask! ;)
Hellena | GOLD (4H): Long to resistance area of 2711.Dear colleagues, the price continues its upward movement and it means that wave “C” is definitely formed.
I believe that the price is forming a five-wave movement and we have 2 options for the development of events
1) Wave “1” is not formed yet and will continue the upward movement - this is a more risky entry into a long position.
2) Wave “1” is formed and I expect a correction in wave “2” to the area of 38.2-50% Fibo lvl (2605.5) and then an upward movement to the resistance area 2711.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
SQ - wait for discountSQ - pulling back into buy zone. Wait for around 50ish.
Earnings in couple of weeks, I bet this will reach the buy zone before that. If earnings beat with strong forecast, can push this higher.
Stop Loss - 40
Long entry - 50-54
Target # 1 - 100
Target # 2 - 130
Target # 3 - 150
GOLD ELLIOTT WAVE ANALYSIS: 24 NOV, 2024 ©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M.
Wave count changed to maximize probability. Wave 3-grey has ended, and wave 4-grey is still unfolding, there is little data to suggest it has ended, I think it may still be developing. More specifically wave 4-grey is developing as a Flat, its wave ((a))-navy has completed, and its wave ((b))-navy is pushing higher, it could reach 2.765 (Wave ((b)) retraces 90% of wave ((a))-navy), or higher, then a push lower with wave ((c))-navy will unfold.
Alternative wave count: Wave 4-grey has ended, and wave 5-grey will unfold. We also have a pullback with wave ((ii))-navy after that.
$BABA NEOWAVE ANALYSISExperimental analysis with the intention to follow back later on as I am still learning
First leg of the correction is a diametric
Second leg of the correction is most likely a neutral triangle
In a neutral triangle wave C is the biggest and could be 138% to
161.8% of wave A
c-wave of a Neutral Triangle
is usually the longest, most subdivided and most time consuming of the three trending waves
Wave B is confirmed to be ended as we got a move that was faster and bigger than the largest counter trend wave within wave B (red rectangle)
TON's Situation: What Shall we Expect ??Finally, the wedge broke .The price can reach the shown targets. That's it.
previous analysis
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
TRX looks fantastic for the long termCould TRX be in the middle of a wonderful impulse of 5 waves within a larger degree of trend? It looks like it just might be. It fits beautifully within the Hurst cycles (semi circles) at the bottom time wise. And, with wave 1 often looking very similar to wave 5, we could see a massive blow off top for wave 5 over the coming months. This is one of the coins that does not make up part of my portfolio, no matter how strong the analysis looks. But, if you want to go for it it's entirely up to you. Get out when the trend line breaks to the downside which will signal wave 5 having completed. Follow for more.
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! ;)
#AUDJPY 1H timeframe Elliott wave analysisAs shown in the chart, we could be observing a 1-2, 1-2 setup in the Elliott Wave count, indicating a potentially significant bullish opportunity.
However, it is crucial to wait for clear price confirmation before entering any positions.
Thank you in advance for your support!
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
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.
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.
NVIDIA (NVDA) Earnings Beat Expectations! 🚀 NVIDIA (NVDA) Earnings Beat Expectations! 🚀
NVIDIA just released its earnings report last night, and the results are stellar:
💰 Revenue: $35.08 billion
🔥 Exceeded Expectations: By 5.77%
This impressive beat highlights NVIDIA's dominance in the AI and semiconductor space, showcasing its ability to capitalize on booming demand for cutting-edge technology.
📊 Market Outlook
The market is expected to react positively during the pre-market session. Based on Elliott Wave analysis on the 25-minute chart:
Current Position: Wave 2
Potential Move: A strong rally could lead to new all-time highs at $151 and $155.
⚠️ However, if we see a drop below $137.70, it could signal a liquidity grab before the anticipated move upward.
💡 Pro Tip: Monitor pre-market action and key levels closely to optimize your entry and risk management.
#NVIDIA #Earnings #StockMarket #NVDA #ElliottWave
BTC, one last push (to take out liquidity)Hello everyone,
following the liquidity that is still forming like clouds above all new ATH bitcoin made we are close to a decision point for Bitcoin. The moves are getting more and more choppy and considering the strong rally I guess a correction is outstanding. But first we should see another move higher completing a five wave cycle of a third wave.
Gold - Wave 5, plus CCI and RSI confirmationAt the trough we had the RSI close to oversold, and we can say that CCI showed an oversold condition.
The CCI that measures the deviaton its smoothed with an 14-ma and adding the RSI above we have the market confirmation.
The candles formed three white soldiers that seems very strong.
We are in the beginning of wave 5 with the objective to go to a new high above wave 3.
Bitcoin Elliott Wave Analysis: Wave 5 in Action! Bitcoin is technically riding Wave 5 on both higher and lower timeframes – a strong indication of potential momentum toward its maximum potential! 🎯
📊 Key Levels
Target: $102,000 (Fib 1.618 extension level)
Stop Loss: $91,800 (below Wave 4)
Entry: Market Price
📈 Risk-to-Reward: 2.5:1 RRR
This setup aligns perfectly with Elliott Wave theory, signaling an excellent risk-reward opportunity. Ride the momentum and stay sharp – Bitcoin might be heading toward new highs! 🌟
💡 Pro Tip: Always manage your risk and stick to your plan!
⚠️ Risk Disclaimer: Trading cryptocurrencies involves a high level of risk and may not be suitable for all investors. Prices can be highly volatile, and you could lose your entire investment. Always conduct your own research and consider your financial situation before trading. Never risk more than you can afford to lose.
#Bitcoin #ElliottWave #CryptoTrading #BTC #RiskManagement
s&p weeklyS&P weekly
Is one of the famous index of the New York Stock Exchange
This wave of movement has been the last 1 year of this index since November last year
As can be seen,
it has begun to move near the floor of a 4 -year -old channel
And it is passing through the Fibonacci level of 0.786.
5 of 5
or ending diagonal
(Crazy wave)
That can be a small 5 wave
I am currently moving up to 6300
The motion that started from 4100
50 % return on 1 year.