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Elliottwaveprojection

Maker: Elliott Waves Theory ($6,111 & $9,407)I think what is most beautiful about this method is its simplicity. Let's review Maker in terms of Elliott Waves. We have two main patterns. The impulse and the correction. An impulse develops mainly in five waves. (1,2,3,4,5) The correction in three waves. (ABC) An impulse will lead to a correction. A correction will lead to an impulse. To use this system, we just need to spot where the market is at in the present time. There was a clear bullish impulse between 2023 and 2024. This impulse was followed by a correction. The current correction can be over or might not be over. For example, the C wave 3-Feb. can continue lower and bottom at a later date. This can only be known after the event. What we know for sure is that MKRUSDT is now within a correction and after this correction a new bullish impulse will develop. An impulse produces a minimum of five waves. We can expect rising prices based on this simple method. We have targets between $6,111 (wave 3) and $9,407 (wave 5). Thank you for reading. Namaste.
Long
by MasterAnanda
1
CRVUSDT Potential for a Bullish Revers? ( EW Analysis )CRVUSDT, a popular cryptocurrency trading pair, is showing potential signs of a bullish reversal based on Elliott Wave Theory. This analysis aims to break down the current wave structure and outline possible future price movements. Wave Structure Overview The chart follows a complex corrective wave pattern, which consists of WXYXZ labeling. This pattern indicates an extended correction phase that may be coming to an end. Below is a breakdown of the observed waves: 1. Wave (iii): This wave marked a strong uptrend, indicating significant bullish momentum in the past. 2. Wave WXYXZ Correction: The corrective structure suggests a prolonged retracement, leading to potential price exhaustion at the recent low near $0.40. 3. Wave (iv) and Completion of Wave Z: The labeling shows that wave (iv) is completing, forming a potential higher low on the support trendline. 4. Formation of ABCDE Structure: A possible contracting triangle (ABCDE) is forming within the final leg of wave Z, signaling an imminent breakout. Key Support and Resistance Levels - Support: The ascending trendline near $0.44 - $0.48 serves as a critical level for price stabilization. - Resistance: The downward trendline resistance around $0.55 - $0.60 is the first hurdle for bullish continuation. - Target Zone: If wave (v) initiates, potential targets lie between $1.20 - $1.50, aligning with the upper channel. Bullish Outlook and Confirmation To confirm the bullish scenario, CRVUSDT must break above the $0.55 resistance with strong volume. A successful breakout would validate the start of an impulsive wave (v), pushing prices higher. Risk Factors - A breakdown below the $0.40 invalidation level would negate this bullish outlook and extend the correction. - Market sentiment and external factors such as Bitcoin’s price action and macroeconomic conditions may impact the projected wave structure. Conclusion CRVUSDT appears to be at a pivotal moment, with Elliott Wave analysis suggesting a potential bullish reversal. Traders should monitor key levels and look for breakout confirmations before making any trading decisions. If the projected wave (v) unfolds, we could see a significant rally in the upcoming sessions. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions.
Long
by zubairmalik
1
SPY Ready for Impulsive or Ending Diagonal?This 5th wave isn't feeling impulsive at all and if anything is indicating bearish RSI divergence. For these reasons, I feel that wave 5 is in what we call an ENDING DIAGONAL. Ending diagonals are really tricky to trade, as they have a series of overlapping movements. Price struggles to move higher, indicating exhaustion. Will still get a move to the 630 to 670 area, but if trying to trade it, the ups and downs vs impulsive behaviors make this tough to trade. After completion, there is typically a deeper correction, and since I am expecting a larger wave 4, this feels correct as well. Now there is always a chance we haven't finished the prior larger wave 4 and we are either in a running or expanded flat, but will need to see a bit more to understand that scenario. Running flat would reverse soon and then impulsively higher vs expanded will undercut 574 and then rip higher (show on chart with green impulsive waves). Elliot wave is so much easier to understand once the waves are completed vs speculating where they are going next!
AMEX:SPYLong
by KingTrading999
2
NSE IOC – Approaching a Key Demand ZoneTimeframe: Daily After reaching a high of 196.8, the price has declined by over 39% in 13 weeks. It is currently trading below the 50/100 EMA band, with ATR at 3.68 and ADX at 26.02 . According to the Elliott Wave projection, the peak of 196.80 can be identified as a wave ((3)). The security is currently undergoing the formation of a corrective wave (4). Wave (B) formed at 185.97 , while wave 4 of wave (C) was completed at 145.10 . NSE IOC is now setting up for the final wave 5 of wave (C). Two key Fibonacci relationships help estimate the end of the correction: 1.618 Fibonacci extension of wave (A) at 106.54 (for wave C) 0.618 Fibonacci extension of wave 1 at 115.52 (for wave 5) The price is expected to settle between 115 and 105 , which serves as a key demand zone for buyers. If the price breaks out and sustains above 129.75, traders can target the following levels: 139 – 156 – 172+. we will update further information soon.
NSE:IOC
by forextidings
Gold Retest Completed Now Next Impulsive Move!Hello Traders! As we know that gold is trading in two ascending channel, one is internal and 2nd is external and following trend every time like this impulsive move till upper trendline of external channel and retest move till down trendline of internal channel according to this trend next move would be 3016. there was a FVG and Order Block in H1 thats the reason for yesterday move still gold is in bullish trend. Resistance: 2924 Support: 2908 i am bullish till 3016 because its also a target of weekly bullish flag which i have already posted in ideas section you can check in related post Regards: PipsOptimizer
OANDA:XAUUSDLong
by PIPsOptimizer
GBPUSD took support from 4h bullish channel – Targeting $1.265Market Context Instrument: GBPUSD Timeframe: 4h Key Trend: Reversal from short 4h downtrend Catalyst: support from 4h bullish channel + Elliott wave 4 completion. Technical Analysis Patterns/Levels: Price broke above the $1.2400 strong support of a 4h bullish channel. Indicators: MACD bullish crossover; RSI above 50. Entry Analysis Entry Zone: 1.24250. 1.2645 (4h key resistance, Caution if fail to break). Confirmation: support above $1.2400 on the 4h chart. Exit Analysis TP1: $1.2575 (prior swing high). TP2: $1.265 (Wave 5 target). Risk Management Stop Loss: $1.2393 (below Support 1.2400). Risk-Reward: 1:4. Conclusion “The support from 4h bullish channel signals a trend reversal. Targeting $1.2650 with a tight SL ensures favourable risk/reward.” Notes for Success: Timeframes Matter: Align entry/exit with higher-timeframe trends. Adapt: Adjust targets if volatility spikes (e.g., news events). Disclaimer: Always include “Not financial advice. Trade at your own risk.”
Long
by TraderJaggu
Corrective Wave and Chart Pattern Analysis - RSI TFW DivergenceCorrective Wave Structure a ABC Analysis pattern in TFW timeframe Observations: A bullish divergence is evident in the momentum near the support zone indicating weakening bearish momentum, the end of wave C, and a potential reversal to the upside. Analysis: - Wave A: completed descending channel retraced 61.8% of previous uptrend with 5 wave diagonal pattern - wave A.1 the shortest and wave A.3 is the longest. - Wave B: retraced 61.8% of Wave A with an extended flat 3 wave abc pattern - wave B.c extended 261.8% of B.a - Wave C: A descending triangle /ending diagonal pattern is visible within Wave C current extending 61.8% of Wave A. Support: - The Green zone (liquidity support) around 4.50 THB is significant, acted as a strong support level multiple times in the past. - A breakdown below this zone could lead to further downside (red arrow scenario) while holding above it might trigger a reversal (green arrow scenario). Breakout: - Resistance levels marked by Wave B’s high 6.4+ THB and intermediate levels around 4.9+ THB are critical breakout moving average 20 week dynamic resistance zone. - An upward breakout past these levels would confirm the end of the corrective phase and the start of a new bullish impulse wave. Potential Scenarios: Bullish Case (Green Arrows): TP1: Price holds the liquidity support zone and breaks above 5.50 THB (near-term resistance). TP2: A successful retest of 6.50 THB Wave B zone could lead to a new bullish wave formation. RRR: 3:1 Bearish Case (Red Arrow): A break below the liquidity support zone 4.50 THB would confirm continued bearish pressure. Price could target lower levels, possibly extending toward 3.50 THB or beyond. Action: + Look for bullish confirmation with a breakout above descending triangle (ending diagonal) resistance 4.80 THB zone + Watch for volume surge volume profile indicator to validate the reversal trigger. + Monitor price action near the liquidity support zone 4.50 THB. + Accumulate only if the support holds and momentum confirms a bullish reversal. Always trade with affordable risk, respect your stop.
SET:NERLong
by dukeposh
XRP the time has finally come COINBASE:XRPUSD alright guys today is an exciting day... long position buy order set for $2.10....can set for $2.15 just to be sure order fills....that 5 cents is not going to matter one bit for the next move that is imminent....we are currently in an ABCDE correction after Novembers wave 3 rip that we all enjoyed...i am excited to say we have reached the end of our time here in this corrective phase and the time to move up is here. we have been inside this bull flag since November and through the entire month of December... we have now reached the wave E and are very much in the final leg...price drop to 2.08 area to the bottom of the trend line will then result in the beginning of the 5th wave where will see a very dramatic price spike to the upside and out of this bull flag....my personal price targets for exits will be $2.98-$3.49-and $3.76....with other technical analysis from the community suggesting a much higher price than even these...its important to remember your game plan. and to stick to it..dont let someone elses opinion effect your vision. know your exit and follow through...without a proper exit strategy and the discipline to stay on course in the moment you might as well just be throwing mud at the wall and hoping some sticks...with discipline you will profit...with greed you will be the last one holding the bag...good luck
COINBASE:XRPUSDLong
by xBIGxTRUSSx
36
Predicting Bitcoin's Cycle Using the Elliott Wave Theory, Part 3Hello Traders. With the new year upon us, I think sufficient time has passed for the charts to develop from our previous #Bitcoin analysis. Having accurately forecasted the macro trends for each pivot within a reasonable margin of error, I believe we're approaching another pivotal moment this year, aligning with our previous predictions. Please take this post with a grain of salt, and more importantly, please use it to add confluence to your personal theories. In this post, we will be diving deeper into the Elliott Wave Theory by also integrating the Wyckoff Market Cycle Theory. By combining the two theories, the chart below represents our current position within the final leg for what could be giving us signs of a possible reversal (again, within margin of error depending on how far wave 5 extends): Wyckoff believed that markets move in cycles, which arguably has a direct correlation to the Elliott Wave 5-wave/3-wave cycle. Wyckoff introduced a four-stage market cycle , attributing it to the actions of institutional players who strategically influence price movements to capitalize on the behavior of uninformed traders. Simply put, the theory gives us a further understanding of 'cause and effect' within the markets. In my view, the Wyckoff cycle also does a fantastic job of representing market psychology. And if intertwined correctly with the Elliott Wave Theory, price action tends to follow patterns in similar ways. The Elliott Wave Theory and Wyckoff Theory often overlap in their application and interpretation of market behavior, but they approach the market from different perspectives. Both theories aim to understand and predict market movements based on the behavior of market participants and price cycles, making them complementary in many ways. Commonalities Between the Elliott Wave Theory and Wyckoff Theory: Market Cycles - Wyckoff Theory identifies a four-stage market cycle: Accumulation, Markup, Distribution, and Markdown. The Elliott Wave Theory also emphasizes cyclic behavior through a fractal structure of impulsive and corrective waves within broader market cycles. - Both theories suggest that price movements are not random but follow identifiable patterns driven by market psychology. Psychological Basis - Wyckoff focuses on the interaction between "big players" (institutional traders) and "uninformed traders," highlighting group psychology and how institutional actions exploit public sentiment. - Elliott Wave focuses on the crowd psychology behind price movements, suggesting that mass investor sentiment drives waves in predictable patterns. **Both theories reflect the influence of human behavior and emotions on market prices.** Application Across Timeframes - Both theories are applicable across multiple timeframes, from intraday trading to long-term investments. This flexibility allows traders to use them in conjunction for deeper market analysis. Identification of Trends and Reversals - In Wyckoff Theory, phases like Markup and Markdown align with Elliott Wave's impulsive trends, while Accumulation and Distribution phases can correspond to corrective wave patterns. - Both approaches aim to identify key turning points in the market, helping traders anticipate trends and reversals. ----- The Four Stages of the Market Cycle According to Wyckoff Accumulation Phase This is a sideways range where institutional traders accumulate positions quietly to avoid driving prices higher. During this phase, the asset remains out of the public spotlight, and uninformed traders are largely unaware of the activity. On a price chart, the phase appears as a range-bound movement between areas of support and resistance. Markup Phase Following the accumulation phase, the market enters a classic uptrend. As prices rise, uninformed traders begin to notice and join in, further fueling the rally. Institutional players may take partial profits or continue holding for greater gains. Short sellers caught off guard are forced to cover their positions, adding additional buying pressure and driving prices to new highs. Distribution Phase After the uptrend loses momentum, the market transitions into a sideways range, marking the distribution phase. Institutional players use this period to offload their holdings, while uninformed traders, still expecting higher prices, continue to buy. Some institutional traders may also initiate short positions during this phase to benefit from the subsequent price decline. On the price chart, this phase appears as a reversal of the uptrend into a sideways range. Markdown Phase The markdown phase is characterized by a downtrend following the distribution phase. Institutional traders add to their short positions, while uninformed traders, recognizing the decline too late, sell in panic, creating further downward pressure. The market eventually reaches new lows as selling accelerates. The Model of Group Psychology After the markdown phase, the cycle often repeats, moving from accumulation to markup, distribution, and markdown again. The Wyckoff cycle offers a simplified perspective on market behavior, focusing on the psychological dynamics between two groups: institutional traders (the "big players") and uninformed traders (the "small players"). It highlights how the mistakes and emotional reactions of uninformed traders often benefit institutional players. The Wyckoff cycle provides valuable insights into market behavior but is not without limitations: Limitations of the Wyckoff Trading Cycle Difficulty in Identifying Phases Distinguishing between accumulation and distribution phases can be challenging. What appears to be an accumulation phase might turn into a distribution phase, with the market unexpectedly breaking lower. Timing Challenges Entering trades during accumulation or distribution phases is difficult due to the lack of clear stop-loss levels. Placing stops around support and resistance often leads to being trapped. Complexity in Trading Trends Trading the markup and markdown phases requires skill, as they are filled with complex price action patterns. Modern markets often experience frequent trend reversals, complicating trade execution. Irregular Cycles The market does not always follow the textbook sequence of accumulation, markup, distribution, and markdown. Variations such as accumulation followed by markdown or other combinations are possible. Despite its limitations, the Wyckoff cycle remains a useful framework for understanding market behavior. It is best combined with other strategies, such as price action and market dynamics, to enhance its practical applicability. While modern markets may reduce the cycle's predictive reliability, it still serves as a powerful tool for traders who know how to apply it effectively. Proper Application of the Elliott Wave Theory and Wyckoff Overlap (in Practice): Trend Identification: The Markup Phase in Wyckoff often aligns with Elliott's Impulse Waves (1, 3, and 5), while the Markdown Phase aligns with corrective waves or bearish impulses. Sideways Markets: Wyckoff’s Accumulation and Distribution phases correspond to Elliott’s Corrective Waves (A-B-C) or sideways consolidations (Flats and Triangles). Volume Confirmation: Traders can use Wyckoff’s volume analysis to validate Elliott Wave patterns, especially in identifying wave 3's (typically accompanied by high volume) and wave 5's (often showing declining volume). Timing and Execution: Wyckoff’s emphasis on identifying support/resistance levels and trading ranges can help refine the entry and exit points suggested by the Elliott Wave Theory. Combining the Two: Many traders find value in combining these theories: - Use Wyckoff to identify key price levels and market phases (e.g., when accumulation or distribution is occurring). - Use Elliott Wave to determine the broader trend structure and anticipate the next moves within those levels. - By integrating Wyckoff’s volume-driven approach with Elliott’s fractal patterns, traders can gain a comprehensive view of the market and improve their ability to time trades effectively. ---- By integrating the concepts from both theories and the outlined schematics, we can now take a closer look at how Bitcoin is behaving through the lens of these frameworks. As observed, Bitcoin appears to be nearing the completion of the potential 5th wave we've been discussing over the past year. In my view, a bear market (or at least a significant correction) may be approaching. While timing is uncertain due to the unlikely nature of extensions, we can use insights from both Wyckoff and Elliott Wave theories to gauge our current position. I believe we are likely in the Distribution phase, which aligns with the 5th wave. The 5th wave can extend as much as it wants, but it won't change the overall conclusion of the cycle. We still anticipate the cyclical behavior that Bitcoin has shown in the past. While past price action isn't necessarily a predictor of future movements, it often follows a similar pattern.
BINANCE:BTCUSDEducation
by XForceGlobal
22
CAVA initiating the 5th wave?Hi there! It is my first post, so be kind :) CAVA seems to be on the verge of the fifth Elliott wave: 1. After a downward trajectory since mid-November, price bounced nicely off a support line, which also corresponds with the 0.618 Fib level of the third wave. 2. Price might also be respecting a potential weekly trendline. 3. WaveTrend positive crossover, indicating a possible reversal of the downward trend since November. 4. RSI and Stochastic emerging from the oversold territory, confirming the possible reversal of the downward trend since November. 5. Price action finds itself in a possible falling wedge, which should be bullish. Target: at least the 3rd wave level. Stop loss: just under the support line. Any comments or suggestions? Thanks!
NYSE:CAVALong
by Lova3000
Elliott Wave Analysis on MNQ: Anticipating Wave 3Hello, TradingView community! As I am exploring the Elliott Wave Theory with the Micro E-mini Nasdaq-100 Index Futures (MNQ), I've observed the potential start of a new impulse wave sequence after completing an ABC correction on Friday morning and starting new impulse wave 1 with corrective wave 2 in the afternoon. Based on this, I expect we may be entering the longest wave 3, aiming for a target of 22,800, supported by the 161.8% Fibonacci extension. This target for wave 3 I chose for its typical strength and reach. The 12/18 liquidity level is critical here; a breakthrough could indicate strong buy-side support, confirming the bullish trend. I used Fibonacci levels to manage potential pullbacks and determine profitable exits 1 and 2. Additionally, monitoring market structure shifts helps validate the continuation of the upward trend. I am eager to hear your thoughts or corrections on this analysis, as I am still grinding my skills in applying Elliott Wave principles effectively.
CME_MINI:MNQ1!Long
by von_goetz
4
EUR /USD 4hr bearish wave FX:EURUSD 4-hour chart suggests that we are currently in a bearish wave pattern, which is expected to persist into early next week. The progression is as follows: • The first wave has already started and is targeting the 1.04678 range (2nd wave). • A deeper decline is anticipated for the 3rd wave, reaching around 1.03123. • A corrective bounce may occur in the 4th wave, retracing to approximately 1.04168. • The final bearish push, the 5th wave, is projected to reach around 1.02164. This wave structure aligns with continued downside momentum, with corrective pullbacks likely along the way.
Short
by kenbol
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