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Elliottwaveforecasts

Gold's Elliott Wave Forecast: Bullish Waves on the HorizonGold has been in wave 4 correction phase since early May, following the completion of an upward surge (impulsive wave 3) at 2068.382. This correction took the form of a zig-zag pattern, and can be subdivided as follows: Wave A of the larger wave 4 concluded at 1893.060, spanning approximately 2 months. Subwave B took the shape of a contracting triangle and lasted for roughly 3 months, ending at 1948.034. It appears that Subwave C has wrapped up at 1815.799, marking the completion of wave 4. Currently, I anticipate a significant upward movement in the form of a five-wave impulse on this precious metal. My medium-term target for this anticipated uptrend is 2093.078.
OANDA:XAUUSDLong
by Samuel124
Hellena | USD/JPY (1H): Long to rresistance area of 149.703.Dear Colleagues, I believe that the price is completing the corrective wave 2, which may go down to the support area of 147.656. After that I expect the price to rise at least to the resistance area of 149.703. If the Invalidation level is reached, the scenario is canceled. At the moment the most important thing is to understand where the end of wave 2 is. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
6
BTCUSD: The beginning of a wave 4Are we getting close to our first real correction since the beginning of the pump of September? As you can see in the graph, I decomposed the BTCUSD in elliott waves in 5 different timeframes. Here are the details of the decomposition: 1W: decomposition of 3rd wave monthly 1D: decomposition of 1st wave weekly 4H: decomposition of 3rd wave daily 1H: decomposition of 5th wave in 4H The end of wave (v) in 1H (with a magnificent ending diagonal, which explains why wave (iv) overlapped with wave (i)) signs the end of the wave ⓹ in 4H , which means the wave 4 in daily should happen anytime soon. I expect a retracement of 23.6% of wave 3, which is very usual in the case of the BTC, reaching the support at 34,000 USD.
INDEX:BTCUSDShort
by Whytek
FLSR - Bulls Will control an Impending Advance---Elliott wave analysis--- As you can see on the daily chart, There is an impulsive cycle from the low of 5960 that validates all the required rules of the Elliott wave principle given below: Wave (2) can never exceed the starting point of wave (1). Wave (3) can never be the shortest wave among (1), (3) & (5). Wave (4) can never enter the price territory of wave (1). So, we have a valid reason to validate the wave count. In addition, FSLR's wave cycle has the following formation in the wave with Fibonacci levels: Wave (1) is an impulse wave. Wave (2) retraced 100% of wave (1). It has formed A-B-C zigzag. Wave (3) is an extended wave. Wabe (4) is a complex correction W-X-Y, that retraced to 0.382 level. Wave (5) is an ending diagonal. Wave A retraced 0.382 of wave (5), which extended to 1.618 level. Wave (B) retraced 100% of wave A. FLSR had accomplished impulsive structure at 232 and started corrective formation. It looks like the correction phase occurred at 132.19 . We can expect a new motive cycle from 132.19 . Traders should carefully watch the breakout of wave 4 of wave (c). Target projection: Using Reverse Fibonacci of wave (B) Reverse Fibonacci Of correction resistance and pivot levels From the above projections, we can find a cluster of levels to measure our targets. Traders can follow cluster targets: 168 - 188 - 192 or higher. It can extend up to 100% at 232. Alternatively, Failure can continue correction to the final support level of 115.58, which is less likely to happen. ---Indicator Study:--- Average true range: ATR of the FLSR rose to 7.79 when the price was rising. It suggests that we can get a rapid upward move after the breakout of wave (4). RSI: The RSI of the FLSR surged from 31.09 to 49.5 . RSI surge along with price suggests that bulls have a strong grip on the stock. We can also see a divergence from the previous move. Exponential Moving averages: Major EMAs, such as the 200-day and 100-day , are trading above the price, but the 20-day Exponential Moving Average is being broken by FSLR. Its possible for security to reach quickly to 50 EMA soon. Thank you! By @moneydictators on @TradingView Platform
NASDAQ:FSLR
by Money_Dictators
12
Bearish Momentum: GBPAUD Elliott Wave AnalysisThe GBPAUD currency pair is presently undergoing a bearish trend that originated from the level of 1.99734. My Elliott Wave analysis suggests that the market has likely concluded a five-wave sequence from Wave 1 to Wave 4, and the pair is currently within Wave 5. This is confirmed by the break of the trendline to the downside. This is similar to the GBPCAD analysis . Based on the prevailing conditions, I'm expecting the continuation of the bearish momentum, with a target set at 1.88256. This analysis remains valid unless the price breached the level of 1.93344 to the upside, which would invalidate this forecast. Cheers!
Short
by Samuel124
4
Navigating AUDJPY's Correction: What Lies Ahead?The AUDJPY currency pair has been in a bullish trend since late March, commencing at the level of 86.065. As of the current analysis, it seems that the pair is undergoing a corrective Wave 4, indicating a countertrend phase. This correction is composed of subwave A and subwave B within the larger context of Wave 4. Presently, the pair appears to be in the process of forming Wave c of Wave 4, and my projection suggests that it is likely to decline in order to complete the Wave 4 correction. Two possible scenarios are: A pullback to 95.251 price zone and a trendline break at 94.321 to the downside. My anticipated price regions for the completion of this correction are identified at 92.038 and 90.46. Once this correction is completed, I expect the bullish trend to resume. A breach of the price level at 96.969 to the upside would invalidate this wave count and the associated outlook. Cheers!
Short
by Samuel124