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Elliotwaveanalysis

BTC: Impulse Wave 1 Complete, Awaiting Wave 3 SurgeIt appears that Impulse Wave 1 (green 1) has completed, with the necessary expanded ABC correction in place for Wave 2. Currently, BTC looks like it’s in Wave A of 5 of C. According to the Hurst cycles at the bottom, we should expect this corrective phase to last a few more days, up until the dotted blue line. If all goes well, this will lead us into Wave 3, where we can anticipate strong upward momentum and potentially ferocious lunges to the upside. This will be Wave 3 of 3, meaning we should see a substantial bullish move. The Hurst cycles suggest that Wave 3 could continue until around the 7th of November, making it interesting to consider how the U.S. election results on the 5th may influence this move. In any case, keep an eye on BTC for potential breakouts. Remember that corrections are healthy—and stay tuned for more updates!
Long
by cryptechcapital
#US30 Time to Lock in ProfitsBased on the current Elliott wave count, it appears that the price is at or nearing the top of wave 5 on the daily timeframe. As a result, we might anticipate a price downturn, if not a full reversal. At this point, it would be prudent to lock in profits and prepare for a potential downward movement. Additional confluences, such as the occurrence of bearish divergence in two degrees, and appearance of rising wedge pattern in 4H timeframe, further support the possibility of a top formation.
BLACKBULL:US30Short
by mohemati
1
Alikze »» ALPHA | Movement in the descending channel🔍 Technical analysis: Movement in the descending channel - In the 1D and 1W time frames, it is moving in a descending channel. - It has encountered support in the range of the green box. - Due to the change in structure and behavior in the 1D time frame, it can have an upward movement up to the limit of the ceiling of the descending channel. 💎 If the current rising wave is accelerated, after hitting the first supply area which is the neck line of the previous corrective wave, it can continue the upward trend after a temporary correction to the next supply area. ⚠️ In addition, if the floor of the previous range is touched, the bullish scenario will be invalidated and must 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. »»»«««»»»«««»»»««« BINANCE:ALPHAUSDT
Long
by alikze
DOGE: Fractal Warning of Potential Slow Bleed AheadWhile DOGE has recently broken its trendline, this doesn’t necessarily signal a strong move to the upside. Looking at the fractal, there’s a strong possibility that this is the extent of the upward movement, and we may be in for a slow bleed over the next few days and weeks, bringing DOGE back down. It’s worth keeping an eye on how this plays out, but don’t be surprised if the market trends downward instead of delivering the strong gains many are hoping for.
by cryptechcapital
3
Pepe - Diminishing Potential Returns Pepe has seen quite the rise in recent years. That said the days of exponential returns may be behind it and found elsewhere in the meme coin space (more on that below). Currently it looks like Pepe is beginning is on its way to completing an initial Wave 1 of 5. By May 2025, it stands to reason that Pepe will see a 6-7x in USD terms. According to fibonacci levels, this would see it enter the pocket between 2.272 and 2.414. As much as it looks like meme-coins will see a resurgence in the next 9 months, my attention is going to be in an alternative meme-coin, that has just begun an exponential breakout like Pepe did in October 2023 (green arrow & vertical line). Once you see it, you too will notice the similarities with Pepe's original breakout. Want to know which meme-coin is looking like it will show exponential returns instead of Pepe? Check out my next post... (it begins with an F). P.S. If you like the RSI Bull/Bear Thresholds indicator at the bottom of the screen, drop a comment below. It will soon be made available for a small exclusive audience.
CRYPTO:PEPEUSDLong
by DigiDavid
Bitcoin: The Journey to New All-Time HighsThe current Bitcoin chart is a testament to the precision of market cycles and the structure of bullish advances. Over the past two years, despite the volatility, the Elliott Wave count has consistently held true. This is more than just market movement—it's the realization of a larger fractal structure that suggests nothing in these price actions is random . The screenshot of the chart, dated January 14, 2023, accurately anticipated the path that Bitcoin has taken since then. Even after almost two years, the market is continuing to follow the predicted wave structure, confirming the power of technical analysis and pattern recognition. As we stand now in October 2024, Bitcoin seems poised for its last leg towards new all-time highs, driven by a well-defined impulse wave formation. The recent consolidation was simply a corrective phase—an essential build-up before the next massive wave. This ongoing bull market reflects the persistence of a larger trend that started years ago, and it aligns with every prediction of this meticulous count. Bitcoin is on the verge of making history again, as it moves towards its fifth wave, ultimately setting new price records. The chart reflects a calculated market rhythm that shows, time and time again, how these cycles repeat in an almost predestined manner. Prepare yourself for the upcoming rally—this is the final move in the current structure, a path already mapped out by years of technical analysis and evidence-based market behavior. For a detailed view of the original analysis, check the reference screenshot here:
INDEX:BTCUSDLong
by SebiiSb
if you use technical analysis you owe a lot to these individualsTHE HISTORY AND ORIGIN OF TECHNICAL ANALYSIS I am a firm believer that as investors/traders we need to know the historic and major events that have occurred in this magnificent field of ours that have shaped how it is today. Today i want to shed light of knowledge on the history/origin of technical analysis as this is a widely used concept that is used by majority of traders/investors to analyse/predict future market moves through the evaluation of historic market data especially price, volume and implied volatility and many have made a living and good returns on the financial markets using the various technical analysis tools and concepts but not knowing where it all started. many do believe that technical analysis was initiated by Charles Dow in the 1800s but this is not true as evidence of Technical Analysis dates far back as to the 17th century from basic and underdeveloped methods as compared to the more evolved ones used in Morden-day times. Let's get straight into it: 17th CENTURY -- 1. the Dutch east India Company traders The Dutch East India Company which was formed in the Dutch Republic, Amsterdam in 1602 which is known to be the first publicly traded company, trading mainly in spices, Indigo and cotton, which gave way to the first financial market the Amsterdam Stock Exchange. Here is when the earliest forms of technical analysis came to show when the Dutch traders would graph record/keep track of the various price fluctuations of their stock but in a basic form. 2. José or Joseph Penso de la Vega still in the 17th century a Spanish diamond merchant, philosopher and poet best known also as Joseph de la Vega, born 1650 in Spain also considered one of the earliest financial market expert published a marvellous financial read called "Confusion De Confusiones" which provided detailed awareness of how the Dutch financial market participants operated focusing on their illogical behaviour and price patterns they used further more hinting on technical analysis with his descriptions of technical analysis concepts such as puts, calls and pools which are still relevant in Morden-day technical analysis and how he used these in the Amsterdam Stock Exchange. 18th CENTURY Homma Munehisa Homma Munehisa, born 1724 in Sakata, Japan a Japanese rice merchant trading in Dōjima Rice Exchange developed what i consider the most popular form of technical analysis which proved high standards of acceptance as traders/investors world-wide still use it in modern-day times, he initiated the Japanese Candlestick/ K-Line (primarily known as Sakata Charts), which is a price chart that's represents the open, close, high and low prices of a security for a specific time period which was introduced in his book "THE FOUNTAIN OF GOLD- THE THREE MONKEY RECORD OF MONEY" which also shared insights about chart patterns, markets trends and traders human emotions. LATE 19TH AND EARLY 20TH CENTURY Charles Henry Dow considered father of technical analysis born 1851 Charles Dow is the one that first to induct modern-day technical analysis in the United States Of America, he was an American journalist who co-founded Dow Jones and Company which is a publishing firm along ide Edward Davis Jones and Charles Bergstresser. He also co-founded The Wall Street Journal which its first publication was on July 8, 1889 which became the the most reputed financial publication and first of it's kind which was a series of texts that discussed his observations of the U.S stock market especially the industrial and transportation stocks listed in the U.S stock market this gave way to the Dow Jones Industrial Average and Dow Jones Transportation Average, he also held a strong believe that "the stock market as a whole was a reliable measure of overall business conditions within the economy" he also developed the Dow Jones Theory which states that the market has 3 trend phases which was a significant breakthrough in technical analysis as this theory aids traders/investors in identifying the major, intermediate and minor trends in the market. after his passing many other technical analysis developers came from studying his work/publications which include the likes of William Hamilton who later become the editor of the wall street journal, others notable followers of his work include Robert Rhea, George Shaefer and Richard Russel. another prominent figure in the development of modern-day technical analysis is Ralph Nelson Elliot born 1871 whose financial career started as an accountant, Mr. Elliot was famously known for studying 75 years of historical stock market data and recording his research and findings manually as computerized systems where limited which i believe is very outstanding. his work is based on a theory that market movements are not random and that the markets moves in specific trends and patterns (waves) which are influenced by traders/investors psychology. his wave theory gained traction in March 13, 1935 when he stated that the the market will make a bottom and indeed the following trading day the Dow Jones Industrial Average made it's lowest closing price, which proved his Elliot Wave Theory to be a significant technical anaysis concept. 20th CENTURY Technical Indicators with the aid of computerized systems technical analysis evolved into technical indicators which are computer systems backed by mathematical calculations of price data which apply these calculations to analyse large volumes of market data incorporated by algorithms which overlap on charts to forecast future price movements. hope you have a fun read and learned something new. “In learning you will teach, and in teaching you will learn.” Phil Collins put together by Pako Phutietsile as @currencynerd
COINBASE:BTCUSDEducation
by currencynerd
EURUSD Stays In Downtrend After ECB Cut RatesThe Euro is weak across the board after the ECB cut rates by 25 basis points yesterday, as expected. More importantly, Christine Lagarde noted that data suggests the economy in the Eurozone is weakening, which means there could be more rate cuts on the table in the future. However, this will depend on upcoming data, as noted by the ECB President. Looking at the wave counts, we are definitely seeing a bearish impulse. The only question is whether we will still see a fourth wave rally, or if higher ABC recovery will show up. In either case, there should be more weakness after the next bounce, which I will track closely for potential shorts. Strong resistance is definitely around 1.09 to 1.0950. Grega
Short
by ew-forecast
EURJPY Bullish Bat pattern: Forecasting an Upside moveHello traders, A number of harmonic patterns are surfacing today. Here is my analysis of a clear bullish Bat pattern spotted on the EURJPY Pair. The Bullish Bat pattern is a harmonic pattern used in technical analysis to predict potential reversal zones. The EURJPY pair has formed this pattern with the following parameters: X = 168.022 A = 170.293 B = 168.940 C = 169.976 D = 168.302 Here's the breakdown of the Fibonacci relationships for this pattern: AB Leg: Retraces 38.2% to 50% of the XA leg. Point B at 168.940 confirms this. BC Leg: Retraces 38.2% to 88.6% of the AB leg. Point C at 169.976 confirms this. CD Leg: Extends 161.8% to 261.8% of the BC leg or retraces 88.6% of the XA leg. Point D at 168.302 confirms this and is close to the 88.6% retracement of the XA leg. In summary, the points X, A, B, C, and D fit within the Fibonacci retracement and extension levels for a Bullish Bat pattern on EURJPY. This indicates a high probability of a bullish reversal at point D (168.302), which also qualifies as a good support zone for price. In addition, my Elliott Wave analysis suggests the pair has completed the corrective wave ABC to the downside. I'm anticipating an impulsive move to the upside towards 169.70 and 170.31. Let's watch out for confirming price action. Cheers and happy trading.
Long
by Samuel124
#Oil bullish wave 5 to come Hi folks, hope you're doing well. Looking at oil, we can identify a clear 3-wave bullish move. In my view, the price is currently forming a wave C of wave 4. Following this, we can anticipate the start of wave 5. Historically, in commodities, wave 5 is often the extended wave, which means, if we're correct, this setup offers a favorable risk-to-reward ratio. According to Elliott Wave's rule of alternation, since wave 2 was sharp and quick, we can expect wave 4 to be more shallow and prolonged in duration. It seems that wave 4 is developing into a zigzag pattern, and if that's the case, we might see the price dip slightly below the bottom of wave A.
CAPITALCOM:OIL_CRUDELong
by mohemati
6
#USDCAD trading wave 4The prolonged bullish impulsive move under wave 3 has likely come to an end. This outlook is based on several confluences, including the formation of a rising wedge pattern, which is a bearish reversal signal, along with the presence of bearish divergence. As a result, we could anticipate a bearish reversal move to complete wave 4. In the chart, I’ve highlighted potential areas where price may complete this 4th wave, presenting a solid trading opportunity. Typically, wave 4 is tricky to trade due to potential market manipulations. However, given the clarity of this setup, we can plan a trade accordingly.
Short
by mohemati
#Gold overall wave countThe overall wave count of hashtag #gold's primary bullish move on the daily timeframe shows we are nearing the top of wave 3 in this impulsive move that started in November 2022. I believe we are approaching a critical point where wave 3 will complete, followed by a potentially manipulative wave 4, which could set the stage for an extended wave 5—possibly triggered by an hashtag #economic_shock. However, let’s not get ahead of ourselves. It's crucial to first evaluate how much further wave 3 could advance. In the chart, I’ve labeled the move across four degrees. Currently, I believe we are completing wave 5 of (3) of ⑤ of iii. This suggests that once wave 5 is complete, which may not be far off, wave (3) will also finish. One possible completion zone for wave 5, based on Fibonacci tools, lies between 2725 and 2730. For further insights into how wave 4 might unfold and its potential retracement against the primary trend, please refer to the chart, which offers a more detailed view of price targets.
TVC:GOLD
by mohemati
1
#USDJPY #Elliot #Sell#USDJPY sell-4h-elliot-clasicpattern-supplyzone_RD- #In the 4-hour time frame, Elliott price has completed and is now falling. Our fifth wave consists of 5 micro-waves, the fifth wave of our micro-wave is formed in a short form. #Also, in this time frame, the price has formed a classic reversal pattern and at the same time, the price has also reacted to our supply zone. #Divergence of the indicator with the price is also a confirmation of our entry. #SL:149.782 #TP1:146.252 #TP2:143.630 #R/R:1/7
Short
by mohamadaminsajjadi
Golden opportunity for gold! The Fibonacci channel has been drawn, and Elliott waves can be observed on the chart. Currently, the price is in the fifth Elliott wave. We have two scenarios for the future of gold: 1)The first scenario is a bullish scenario. Given the geopolitical tensions and conflicts between Israel, Iran, and Lebanon, as well as China's threats against Taiwan, which have all contributed to a further increase in gold prices, if these trends continue, it could complete wave 5 at the 1.414 level of the Fibonacci channel. 2)The second scenario is a bearish scenario. If we witness a hawkish stance from the FED or a reduction in geopolitical tensions, then we should expect a price reversal from the previous high of 2687. In this case, the 0.618 Fibonacci channel level would serve as strong support. Considering the geopolitical tensions, I believe the first scenario and a breakout above the previous high are more likely. In that case, we should watch for a breakout above the previous high and then enter a long position after confirmation.
OANDA:XAUUSDLong
by Market-Analyzer
Elliott Wave Outlook for RELIANCETechnical Analysis of Reliance Industries (RELIANCE) based on Elliott Waves This analysis is based on Elliott Wave Theory and is for educational purposes only. It does not constitute financial advice. Investing involves risk, and past performance is not indicative of future results. Always consult with a financial advisor before making any investment decisions. Elliott Wave Analysis The provided chart of Reliance Industries (RELIANCE) outlines a potential Elliott Wave pattern within a 1-hour timeframe. Elliott Wave Theory suggests that financial markets move in predictable and repeatedly patterns based on investor psychology. Key Observations: 1. Impulse Wave: The primary uptrend appears to be an impulse wave, a five-wave structure. Wave 1: The initial uptrend from the low point. Wave 2: A minor correction or pullback. Wave 3: A strong extension of the uptrend. Wave 4: A smaller correction. Wave 5: The final wave of the impulse, often ending with a climactic price movement. 2. Corrective Wave: The current downward movement was a zigzag corrective pattern. Wave A: The initial decline. Wave B: A minor retracement. Wave C: The expected continuation of the downward trend. Potential Scenario: If the current corrective pattern zigzag finishes here or near, then further wave ((3)) is to start post completion of wave (C) of ((2)), and it would not go sudden upside, because any impulse wave unfolds in five subdivisions, so wave (1) of wave ((3)) can start any time post completion of wave (C) of wave ((2)). Note: This analysis is based on a specific interpretation of the Elliott Wave pattern. Other analysts might have different interpretations. It's crucial to use multiple tools and indicators to confirm your analysis. Additional Considerations: Fundamental Analysis: Consider factors like company earnings, industry trends, and economic indicators to support your technical analysis. Risk Management: Always use stop-loss orders to limit your potential losses. Diversification: Don't put all your eggs in one basket. Diversify your investments across different assets. Remember: Elliott Wave analysis is a complex tool that requires practice and experience. It's essential to approach it with caution and always consider the potential risks involved in trading. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:RELIANCELong
by RK_Chaarts
Bitcoin Market Outlook Elliot Wave Theory (W42/2024) // AlgoFyreThe market shows a bullish scenario with potential for an impulse wave up after a correction, possibly surpassing the all-time high post-election. However, two bearish scenarios suggest a major drop to 20K in the long term, highlighting significant downside risk. 🟢 Short-Term Outlook (Next Few Weeks to Months) - Bullish Scenario 🔸 Leading Diagonal (Green) Complete : The green lines on the chart represent the completion of the leading diagonal, which is the first wave of a larger impulse (wave 1). Leading diagonals often occur in the first wave of a new trend, indicating that a bullish trend is beginning. This is particularly important because it sets the foundation for a stronger upward movement that could follow after a corrective phase. 🔸 Corrective Phase (Red ABC) : After completing the first wave, we are now expecting a corrective structure. The red lines represent a potential ABC correction, a typical 3-wave corrective pattern in Elliott Wave theory. This correction could retrace some of the gains made in the leading diagonal, potentially finding support near key Fibonacci retracement levels (like the 0.25, 0.5, or 0.75 levels) drawn in orange on the chart. 🔸 Timing Around the US Election : The chart indicates that this ABC correction may take place leading into the US election, which is often a period of increased market uncertainty and volatility. It seems that the correction is expected to conclude before or around this event, setting the stage for the next major move. 🔸 Bullish Impulse (Wave 3) : After the correction, the chart projects a strong bullish impulse (the large green arrow), which would be the beginning of wave 3. In Elliott Wave theory, wave 3 is typically the most powerful and extended wave in an impulsive structure, often leading to significant gains. The breakout above previous highs around the 67,000-68,000 level (marked by the green wave 5 in the diagonal) would confirm the start of this impulsive wave, which could target much higher levels, possibly into the 70,000+ range. 🔸 Bullish Summary (TLDR): The leading diagonal in green (wave 1) suggests that a new bullish cycle is underway. We are currently expecting a 3-wave corrective move (ABC) before the next leg up. The correction could end around key Fibonacci levels, potentially coinciding with the US election. After the correction, a powerful wave 3 impulse is expected, likely driving prices significantly higher. 🔴 Short-Term Outlook (Next Few Weeks to Months) - Bearish Scenario 🔸 Bigger ABC Correction : The market is in the midst of a larger corrective pattern. The current movement is within the B-wave of this ABC structure. 🔸 Flat Pattern for B-Wave : The B-wave is forming a flat correction, which typically indicates a sideways consolidation with a final leg up before a downward movement. 🔸 C-Wave to 52K Area : After completing the B-wave, we expect a C-wave to the downside, targeting around the 52K level. This drop represents the completion of the B-wave within the larger ABC pattern. 🔸 Larger C-Wave Up : Following this drop, the final C-wave to the upside is projected. While this wave could potentially retest or even exceed the all-time high (ATH), it's not guaranteed. The key idea is that a significant rally is expected after the corrective B-wave down. 🔸 Major Downtrend Next Year : After this anticipated rally, a substantial downtrend is expected in the following year, potentially driving the price down to 20K or lower. 🔸 Bearish Summary (TLDR): Completing a B-wave flat correction within a larger ABC structure. Expecting a C-wave down to around 52K before a potential larger rally. After the larger C-wave up, a significant decline is expected, leading to 20K or lower in the following year. 🔴 Mid-Term Outlook (Next Few Months to Year) - Bearish Scenario 🔸 Leading Diagonal Completed (Red) : The red structure shows the formation of a large leading diagonal to the downside, suggesting that a strong downtrend has already been established. 🔸 Corrective ABC (Green) : After the diagonal, a corrective ABC pattern has formed. This correction has reached the 0.786 Fibonacci retracement level, which is a common level for corrections to complete before resuming the primary trend. 🔸 Major Move to the Downside : Following the completion of this corrective phase, the chart is signaling the beginning of a significant bearish move, potentially leading to a price target near the 20K level. This aligns with the broader bearish outlook. 🔸 Bearish Summary (TLDR): Finished a leading diagonal to the downside, followed by a corrective ABC pattern. Correction reached the 0.786 Fibonacci retracement level. Expecting a major bearish move from this point, with a potential target of 20K. 🔶 Key Takeaway The market presents both bullish and bearish possibilities. The bullish scenario suggests that after a leading diagonal (wave 1) completes, a short-term ABC correction will occur, followed by a powerful wave 3 impulse to the upside, potentially pushing prices beyond the all-time high after the US election. On the other hand, the bearish scenarios indicate a significant downturn: one expects a C-wave drop to around 52K before a larger rally, followed by a steep decline to 20K or lower next year, while the other points to a completed leading diagonal with a corrective ABC reaching the 0.786 Fibonacci level, signaling the start of a major move down to 20K. Despite the potential short-term upside, both bearish scenarios ultimately point to a substantial long-term decline.
by AlgoFyre
#EURGBP chance to catch wave 5Based on Elliott Wave theory, wave 5 of a motive move is often one of the best to trade, and we might have the opportunity to catch it here. It appears we are at the end of wave 4, which, in comparison to wave 2, has been more complex and prolonged, in line with the principle of alternation. Additionally, the price seems to be forming a failure swing, which is a bottoming formation, and according to Charles Dow’s principles, this is one of the three key tradable patterns. To trade this setup, one could either enter now with a stop at the low of wave 4, or wait for a new high to form on this timeframe and place the stop below the current low. Looking forward to seeing how this trade idea unfolds.
Long
by mohemati
2
#CHFJPY bearish high potential moveA clear 5-wave bullish move has formed, with the fifth wave taking the shape of an ending diagonal, or what could also be termed a rising wedge pattern. Regardless of terminology, this is a bearish pattern with a high potential for reward. Further confirmations include a bearish divergence between price and the MACD oscillator during the formation of wave five, as well as price reaching one of the key Fibonacci targets for the completion of the fifth wave. To enter the trade, ensure you wait for a proper bearish breakout of a rising wedge pattern.
Short
by mohemati
1