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Elliottwaveideas

BTC is Still A Correction.BTC is in good rally these days, but my believe is that it is still in a correction. I am not 100% confident in wavecount, but I am confident that BTC is not done correcting until it has gone down to somewhere between 62.500 - 52.500. If the rally BTC is currently in, I believe we are seeing a flat, and I will correct my count accordingly.. But right now I'm seeing a W-X-Y-X-Z correction. Be careful, and do not bet on BTC is rallying to a million just yet ;) For now I believe there will be good odds for following the white line I've drawn on the chart.
by TheDane
DXY In Difficult Circumstances Since the Start 80's I decided to give a go at the Dollar Index given the circumstances around the world. And to be honest, I tried to put on the positive glasses. I believe the dollar has been in a complex correction since the mid 80's. Starting out with a large dump in '85 with the a-wave, the correction slowed down and only grew more and more complex. Thought about current wave: What I believe we are going through now is, that we are finishing up the purple C-wave in a green (C)-wave. This wave can end at any time now, since it's now at the 61.8% fib level of the purple A-wave. But it might go down to the 95 level (The green box) to complete at the 100% fiblevel of the purple A-Wave. But first we will have the fourth wave meaning the DXY is gonna struggle for some weeks. Because we had a swift two week wave 2, which means we are probably going have a slow fourth wave according to the rule of alternation. This mean the purple C-wave could drag out into the end of '25 into early '26. This is also with that in mind that a C-wave most likely will take longer than an A-wave. These are the Purple boxes. BUT, after this, DXY is gonna experience some happy years again, going back up to the yellow box somewhere between 110 and 120 to finish the WXY of x of the larger degree. This will take DXY into a couple of years bull-run as long as the green (C) wave runs and completes no earlier than late '27, depending when the purple C-wave prior to the green (C) wave ends. But I believe the green (C)-wave will take about two years to complete. But after this, DXY could again go into some dark ages and considering the high degree purple w-wave took 23 years to complete (blue giant box), there is no reason to believe this high degree purple y-wave will be a swift matter and actually don't complete before the year 2050. And it will take the DXY all the down to start 60's or lower. The reason I said I tried to put on the positive glasses, is that I tried seeing the white channel as a leading diagonal for a new bull run, but I just don't see it as such. I also tried seeing it as a C-wave of a flat diagonal, but this would result in another C-wave afterwards, and also take us down to the 60's level. So that didn't do us any good. For the sake of DXY, I hope I'm wrong, but this is how I see it.
TVC:DXY
by TheDane
2
My take on Gold. It's a difficult one..This is the read that makes most sense to me. And I have zoomed all the way into 15m, for you to be able to see my thoughts around it all. For that wave down from April 2nd to April 7th to make any sense to me, I have labeled it as W-X-Y to complete (A). At first I had labeled it as a diagonal, but then price should not have retraced as much as it has since April 7th. And I also believed Gold has finished a 5th of a 5th wave, so we need to see some more correction before price head to the upside again. I simply can't read the retracement back up since the April 7th as a A-B-C, and this is why I believe price is just finishing up the A wave (and it might already have) before it goes into the B correction. The initiated wave down (wave B of (B)) I believe will go down to 3,044 - 3,013 level and then finish of the flat with a wave C of (C). This wave C should be able to go to the 3,130 - 3200 level. But as I said, first we spend some days to the downside heading for that 3,044 - 3,013 level. What is your current take on gold?
OANDA:XAUUSDShort
by TheDane
1
(ATOM) cosmos "wave count"Long form wave count would appear to be in trend with an entirely new cycle for Cosmos, potentially, although I did not go all the way back to the origin of the company which is necessary to get a true depiction of history. Is the history of a company based on short lived moments or is there any knowledge to keeping track of the trend of a company through the entire duration of the chart regardless of what trends occur based on major moments in society and the seasonal hype from December and end of year excitement,. Many years in the making. . .
COINBASE:ATOMUSDLong
by CryptocurrencyBlot
2
A Closer Look at Bitcoin's Elliot Wave PatternHello friends, today we'll attempt to analyze the Bitcoin chart using Elliot Waves. Our approach will involve using Elliot Wave theory and structures, which involve multiple possibilities. The analysis we present here focuses on one potential scenario that seems possible to us. Please note that this information is for educational purposes only and should not be considered trading advice or investment tips. There's a risk of being completely wrong, so never trade based solely on this post. We're not responsible for any profits or losses. Individuals should consult a financial advisor before making any trading or investment decisions. Now, let's discuss the Bitcoin chart. On the daily chart, we can see that a black primary degree wave has completed its ((4th)) wave, and the ((5th)) wave has started. Within the fifth wave, an intermediate degree wave is unfolding, which will have its own set of waves (1), (2), (3), (4), (5). The primary black degree wave five will be complete once the intermediate degree wave is finished. We've drawn accounts on the chart, illustrating the entire structure, including the nearest invalidation level at around $76,666 and the real invalidation level below $50,000. I hope this analysis based on Elliot Wave theory has helped you understand the chart better and learn something new. Please keep in mind that this is for educational purposes only. 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.
BITSTAMP:BTCUSDEducation
by RK_Chaarts
22
EUR/USD Key Levels – Watch Out! The EUR/USD pair is approaching crucial selling zones, signaling potential bearish pressure ahead! 🔥 📉 Price Action Insights: A strong supply zone is identified, aligning with our bearish outlook. Choch (Change of Character) confirms a shift in structure—indicating a possible rejection from higher levels. If price taps into our selling zones, we could see a strong drop to the downside! 🔎 Plan Ahead: Will sellers dominate, or will bulls regain control? Stay sharp and trade smart! 💡 💬 Drop your thoughts below! Are you shorting or waiting for confirmations? 👇
Short
by Greenfireforex
1
BTCUSDTAccording to this analysis, if the price reaches around $70,000 in a corrective structure with a time-consuming and low momentum in the form of wave F, it may grow to around $120,000 and even higher in the form of wave G. But it seems that the ideal buying point is around $60,000 and the origin of the breakout node. In this case, of course, we will have a strong wave F, which means that we must be a little flexible in the possible targets of wave G. In terms of time, late June, July and early August are the ideal time areas for the end of wave F, and late 2025 and early 2026 are the time areas for the end of the two waves G.
BITSTAMP:BTCUSDLong
by SAJAD_BAZYAR
Russell 2000 Elliott Wave Analysis (WXYXZ in progress)Possible wave (ii) complex correction in the form of a WXYXZ still in progress. Expecting corrective rally to fail around the 2200 resistance zone. A final wave down from there should find a bottom around the 1900 support zone where wave (ii) should end. Expecting wave (iii) to commence from there... ------ *would appreciate feedbacks and thoughts on this* **this is not a trade recommendation, just an idea that I am working with**
CITYINDEX:USSMALLCAP2000CFDShort
by RayGunaraj
UEC: Close to a Substantial Bottom? Bullish Outlook!The current pullback, which began in December, is still unfolding. Right now, the market is testing the white wave 2 support zone between $4.80 and $5.46, but the chart doesn’t yet look ready for an upside reversal. Even in the white scenario, a bit more downside is likely with some small downward moves still to come. In the orange scenario, the price would likely form a larger 4-5 structure to the downside. If UEC breaks below the wave 2 low at $4.10 (a swing low from September 2024), the orange wave 2 scenario would take precedence, with support between $3.86 and $3.08. Despite the short-term weakness, the overall structure remains bullish. Whether this is a smaller-degree wave 2 or a larger-degree wave 2 is still unclear, but the long-term outlook for UEC remains positive. I'm closely watching for an upside reversal, with the first signal coming from a break above $6.34.
AMEX:UEC
by MCOGlobal
SOL/USDT – Double Zigzag Completed! Is a Bullish Reversal Next?Solana (SOL) has likely completed a Double Zigzag (WXY) correction, with Wave C of Y bottoming at $130.60 (1.0 Fibonacci extension). This suggests a potential trend reversal, but SOL must first break key resistance at $146-$150 to confirm a bullish move. 🔹 Elliott Wave Analysis & Bullish Scenario If the Double Zigzag correction is complete, SOL could begin a new impulse wave, targeting: ✅ $169-$173 (0.5 Fibonacci retracement, previous Wave B resistance) ✅ $180-$195 (0.382 Fib & major supply zone) ✅ $220+ (Wave 3 extension target) 🔻 Bearish Scenario – Extended Correction? If SOL fails to break $150, it could indicate that the correction is not yet over, leading to: ❌ Retesting $130 support ❌ Possible extended correction towards $113-$100 (1.272 Fib extension) 📌 Key Level to Watch: 🔹 A break & close above $150 signals bullish continuation. 🔹 A rejection could mean further downside. 📊 Is SOL ready for a breakout, or will we see another leg down? Share your thoughts below! 👇🔥
Long
by DipWaves
3
The Crypto Space - Clarity Through COINNASDAQ:COIN has had a phenomenal run since the beginning of 2023, currently up about 1,100% within 2 years! In this Elliott Wave Analysis, I present my view of where I think Coinbase will stall and fall. So far the sequence is filling up nicely and has presented, those with a keen eye, several opportunities to join the 11x party :) As per this 2 day chart, I believe we are quite close to completing w3 of w(5) . In terms of EW, the chart is very clean and has been bouncing off Fibonacci support and resistance, for each wave degree, with relative precision. I would like to see price tag $353 - $375 then drop to $300 - $271 , before proceeding to a new high between $416 - $457 to complete a full five wave sequence from the 2023 lows. The sell off, thereafter, should be significant and if the space survives will present another opportunity for similar or greater returns during the next cycle. This should also coincide with a cyclical top across the cryptoverse. What are your thoughts?
NASDAQ:COINLong
by investornomics
3
Possible Wave Counts of RELIANCE : Near to Bottom ?Reliance Industries Technical Analysis based on Elliott Wave Counts (Possible) Chart: The analysis is based on a 2-hourly timeframe chart of Reliance Industries (RELIANCE). Elliott Wave Theory: The analysis utilizes Elliott Wave Theory, which suggests that market prices move in repetitive patterns called waves. These patterns consist of impulsive waves (numbered 1-5) that move in the direction of the main trend and corrective waves (labeled A-B-C) that move against the main trend. Possible Wave Counts: Overall Trend: The chart suggests a potential overall uptrend, with the analysis focusing on a smaller degree wave structure within this larger trend. Impulsive Waves: The chart highlights several impulsive waves (1-5) of varying degrees, indicating periods of strong price movement in the direction of the trend. Corrective Waves: The chart also identifies corrective waves (A-B-C), representing periods of price consolidation or retracement against the main trend. Current Wave: The analysis suggests that the price is currently in a corrective wave (2), following an impulsive wave (1). Potential Target: Based on the wave counts, there is a potential for further upward movement once the current corrective wave completes. However, specific price targets are not provided in this analysis. Key Levels: Invalidation Level: A key level to watch is the "Invalidation Level" marked on the chart. If the price breaks below this level, the current wave count may be invalidated, suggesting a different interpretation of the market structure. 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:RELIANCE
by RK_Chaarts
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
MARA Bullish Outlook: Elliott WavesTechnical Analysis of MARA Based on Elliott Waves. The following analysis is based on the provided chart and is for educational purposes only. It does not constitute financial advice. Investing in stocks involves risk, and past performance does not guarantee future results. Always conduct thorough research and consult with a financial advisor before making any investment decisions. Key Observations from the Chart - Elliott Wave Theory: The chart appears to be using Elliott Wave Theory to identify potential future trends. Elliott Wave Theory suggests that markets move in predictable patterns, often referred to as "waves." - Uptrend: The overall trend of the chart seems to be bullish, indicating a potential uptrend. - Invalidation Level: A horizontal line is drawn at the bottom, labeled "Invalidation Level." This level could serve as a support level, and if the price breaks below it, the bullish outlook might be invalidated. - Pattern Recognition: The chart seems to be suggesting a potential "5-wave impulse" pattern, which is often associated with an uptrend. - Price Action: The price has recently shown a pullback, which could be a healthy correction within the larger uptrend. Potential Outlook Based on these observations, the chart suggests a bullish outlook for MARA. If the price can hold above the "Invalidation Level" and continue to follow the Elliott Wave pattern, there is a potential for further upward movement. However, it's important to note that technical analysis is not foolproof. Market conditions can change rapidly, and unexpected events can affect the price. Always stay informed about the company's fundamentals, industry trends, and broader market conditions. Next Steps 1. Monitor Price Action: Keep an eye on the price in relation to the "Invalidation Level" and the Elliott Wave pattern. 2. Consider Other Indicators: Combine technical analysis with fundamental analysis to get a more complete picture of the company. 3. Risk Management: Implement risk management strategies, such as stop-loss orders, to protect your investments. 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.
NASDAQ:MARALong
by RK_Chaarts
2