Carnival Corp., Wave 5, the first TP is the previous high, whichWave 5, the first TP is the previous high, which is also fibo 127% NYSE:CCL
Elliott Wave
Bulletin.....2025-03-18.....It runs into my cited target area!Hello Traders,
this time I'd like to show you a lower timeframe to analyze the chart.
Let's dive in the 15 minutes time area.
The possible wave b-low @ 22329.55 was all of waves ((b))! The move to the upside probably was a wave ((c)) up, and it is developing within an impulsive structure. One target for this idea is around 22900 area. This would end a wave ((iii)) of (iii) of ((c))!
Keep in mind, that wave iv always can morph into a triangle or a variation thereof!
But this is the chance, with the lowest probability!
That's it for today......
Have a great week.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
The Elliott WaveThe chart above shows the 5 waves which has been travelled by nifty
As per the Elliott wave pattern the coming waves will be a major correction waves with 'ABCDE' pattern most probably, of which wave 'A' has been made by nifty.
NSE:NIFTY
AUDNZD Finally Turning Bearish?AUDNZD pair turned sharply and impulsively down at the end of 2022, probably for wave A. Since the beginning of 2023, it’s been trading in a correction within a downtrend, ideally in a bigger ABC recovery within wave B, where we were observing subwave C as an ending diagonal/wedge pattern. We were actually tracking final subwave (5) of the wedge pattern within wave C of B that put the top in place, from where we saw a nice and sharp turn south which looks like an impulse into wave 1. So, after recent pullback in wave 2, the price action can resume within wave 3 of a five-wave bearish cycle, especially if we consider a broken lower wedge line.
HSI Short: An update. Potential Ending DiagonalAs mentioned in the video, I still think that this is a short. If I am wrong, I also explain how I would set the stop loss. Remember that an ending diagonal will see a quick fall in the price when a breakdown happens.
Good luck!
GOLD → Consolidation for continued growth. 3025?FX:XAUUSD is consolidating between 2981 - 2993. After strong growth there is no hint of a possible reversal, and consolidation above the channel boundary indicates readiness to continue growth
The gold price remains below the record $3,005 but is supported by the trade war, geopolitical tensions and expectations of Fed policy easing. The escalating US conflict with Yemen, the escalation in Gaza and possible talks between Trump and Putin are boosting demand for defensive assets. China's stimulus is also supporting prices. U.S. retail sales data may influence the dollar and further gold movement, but investors are cautious in anticipation of the Fed meeting.
Resistance levels: 2993, 3008
Support levels: 2891, 2956
Consolidation is being formed, regarding which, against the background of the bullish trend, two strategies can be considered:
1) resistance breakdown and consolidation above 2993 with the purpose of growth continuation
2) false breakdown of support 2981 and further growth after liquidity capture.
Regards R. Linda!
USDJPY 1H forecastAnticipating a sell-off on the USDJPY, we have an impulse pattern to the upside as a double correction pattern.
Wave (W) is a simple Zig-Zag correction, wave (X) is a simple Zig-Zag correction, and wave (Y) is a simple Zig-Zag correction.
Wave (W) and (Y) are equal we can anticipate a collapse after the price reaches 150.030
OMUSDT → Paranormal behavior. Rally readinessBINANCE:OMUSDT as a whole looks stronger than the market. After a strong rally a correction in the format of a bearish wedge is formed, subsequently the price broke the resistance and is trying to consolidate above the key support
Against the background of a weak market OM coin has good prospects as technically someone is interested in this project and the coin as a whole behaves strongly and looks stronger than the market.
A breakout of the bearish wedge (consolidation pattern within the correction) is forming. If the bulls keep the coin above the previously broken figure resistance and above the base of the 6.752 reversal pattern, the growth may continue in the short to medium term
Resistance levels: 7.39, 7.98
Support levels: 6.752, 6.51
One of the few coins that is rising while bitcoin is falling. Focus on the previously mentioned support levels, as well as on the local resistance 7.05, the break of which may provoke a prolongation of growth
Regards R. Linda!
GBPUSD → Consolidation after a trend breakout. Long-Squeeze?FX:GBPUSD may test the local support amid the pre-news correction of the DOLLAR. Traders are waiting for inflation data, high volatility is possible
The fundamnetal situation is predisposed in favor of the pound sterling, which has an advantage on the back of the falling dollar, which is likely to take a medium-term position on the back of the Trump administration.
Technically, GBPUSD is consolidating above the key support zone of 1.286 - 1.280 below which a huge pool of liquidity has formed which could be tested before the trend continues.
Important news ahead. Traders are waiting for CPI data. High volatility is possible
Resistance levels: 1.2938 (trigger)
Support levels: 1.2868, 1.281, 1.2728
Bulls may be aggressive and keep the price from correcting downwards. In this case, price consolidation above 1.2938 could be a good entry point for the continuation of growth. But because of the upcoming news, I would prefer to wait for a retest of the liquidity zone 1.2868 - 1.281 before taking action to open a position.
Regards R. Linda!
NZDJPY → Attempting to change the downtrendFX:NZDJPY is trying to get out of the downtrend by breaking the channel resistance. Against the background of local strengthening of the dollar, the currency pair has all chances.
Technically, buyers are starting to gain momentum and support the market, it can be seen on the background of locally growing minmiums, which gradually leads to the breakout of the channel resistance. The trigger in our case is the resistance 85.240 - a key level that divides the market into 2 planes.
If the bulls are able to consolidate above 85.240, an impulse to 86.13, then 86.88 may be formed in the short-term.
Support levels: 84.500, 84.00
Resistance levels: 85.240, 86.13
Initial testing of the trigger may end in a small pullback due to liquidity formed above. The pullback may be directed towards the previously broken channel resistance. But the emphasis is on price consolidation above 85.240, as this will be a prerequisite that the bulls are holding the market in the moment and are ready to keep going up.
Regards R. Linda!
EURAUD → False breakout & Pin-Bar on W1FX:EURAUD is testing important resistance from the weekly timeframe. A false breakout is formed after liquidity capture. There is no potential for continuation of growth and the chart is drawing everyone's favorite “pin-bar”
After the price exits the consolidation, the resistance of which was the level of 1.6787, a distributive pattern is formed, the target of which was the liquidity behind the weekly resistance of 1.7196.
The target has been reached and the price is consolidating below the base of the reversal structure and thus preparing to continue falling. It is possible formation of liquidation or downward impulse to 1.71 - 1.70. The forex market has been behaving calmly since the opening of the week and the market can work out technical nuances calmly, until the fundamental factors are connected.
Resistance levels: 1.7196 - 1.7304
Support levels: 1.7107, 1.7016
Zones of interest are located behind the local lows, but from a technical point of view, the market is most interested in liquidity beyond 1.6787 and there are all chances to reach this zone, as there are no obstacles below 1.7016. Accordingly, when the support at 1.7016 is broken, a free zone will open up
Regards R. Linda!
Gold's Crazy Run: New All-Time High of 2994 - Reaching the TopFirst off, congratulations to those who entered a Buy order following yesterday's plan that I posted earlier.
Gold is currently forming a small sideways range around the 2980-2990 area, and I believe there will be another upward push to grab liquidity from those entering SELL orders around this zone. This will create market panic, reaching a peak where no one dares to participate anymore. At that point, Gold will experience a strong correction.
Therefore, today's Asian and European sessions will likely see a sideways range between 2980-2990, and the beginning of the US session will see an upward push to grab liquidity above the 3000 USD/oz level. The US session will then conclude with a price drop. If Gold's scenario plays out as expected, we can anticipate a profit-taking day from investors next Monday
Thank you for your review, and I hope you'll stay longer by pressing Follow.
Bajaj Finance Elliott Wave Analysis – Triangle Before Next move? The daily chart of Bajaj Finance suggests an ongoing Elliott Wave triangle correction in Wave (4). Currently, the price appears to have completed Wave (d) near the upper trendline resistance, indicating a potential pullback towards the lower boundary (~₹6,533) to form Wave (e). If this structure holds, we could see a strong bullish breakout in Wave (5), targeting new highs.
🔹 Key Observations:
✅ Triangle Formation: Price action is consolidating within a contracting structure.
✅ Wave (d) Completion? Price has touched the upper boundary, signaling a possible correction.
✅ Wave (e) Drop? A move towards ₹6,533 would complete the correction before a bullish leg up.
✅ Upside Target: A breakout from the triangle could lead to a strong rally beyond ₹9,000.
🔹 Strategy:
📉 Short-term: Watching for a potential dip towards Wave (e) for a buying opportunity.
📈 Long-term: Bullish bias remains intact if the structure holds.
🚨 Disclaimer: This is my personal analysis, and I may be completely wrong. This is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any trading decisions. I am not a SEBI-registered analyst.
Gold Update | $3,200Strong uptrend and a similar fractal pattern like the last setup. Price is at the 5th wave and 3rd secondary wave.
Pepe Previous Levels Trend Based Fib - Obs 1 - UpdateFlipped Resistance to Support from previous Trend Based Fib Extenstion as seen here:
Currently bouncing off the 1.0 fib which to left was a support, middle resistance, now support!
Taken the value area range of the initial Trend Based Fib to the current price and if you zoom out, the PoC of the Fixed Range Volume Profile is pointing to 0.5 Trend Based Fib.
Above resistance labelled.
I see no reason from writing, as long as we hold 1.0 fib to see higher, even after +10% rise already!
Technicals are bullish. Thats what they are.
There's also a parallel channel which seems to be well respected. As well as a possible end 5 wave extension found here:
That Gartley - I knew from previous bounces. When B AND D have a reaction at the same price
- SUPER BULLISH!
We had a fake out at the high, then came back down to B at 0.5 fib Gartley and rallied!
Enjoy! :)
Shiba INU - Is going to repeat the history ?Shiba INU - Will the history be repeated, I see falling wedge breakout, Elliot 5 waves completed .. Any movement from here is going to be big movement
PayPal - Multiple Signals Pointing to a Potential Bottom!I’ve just entered a position in PayPal, and the reason is that several overlapping factors are lining up in a way that suggests a potential bottom may be in.
First, it looks very likely that Wave (2) is complete. The stock tapped the 61.8% Fibonacci retracement level with precision and has held that level over the past few days – all while the RSI has been climbing, which is a strong bullish divergence signal in my book.
Second, PayPal just touched last year’s VWAP level perfectly, which I view as another strong technical indicator for a potential reversal.
How far this move could go is still unclear, but the open gap above is definitely something I’m watching closely. For that to be in play, $71 needs to be reclaimed. And from here on, $66 should not be touched again.
That’s my plan – and that’s how I’m trading it. Let’s see if the market plays along.
USDCHF 4H timeframe forecastWe have an impulse pattern down following all of the Elliott Wave Theory Guidelines. Anticipating a further decline to make a 5th wave on the blue degree potentially breaks the previous lows.
Nifty Elliott Wave Update – Wave 4 Retracement in Play?Following up on my previous analysis, I’ve adjusted the wave counts for 1 and 2 within the final wave C. One key observation is that wave 3 ended exactly at 1.618x wave 1, reinforcing the need to remap the earlier structure.
Currently, Nifty seems to be in wave 4 retracement, and I’ve marked a potential reversal zone (green box) based on Fibonacci levels. If this plays out, we could see the final wave 5 extending downward, possibly into the yellow box, aligning with Fib projections.
The overall bias remains bearish unless we see a strong invalidation. Let’s see how this unfolds!
$SPY March 17. 2025AMEX:SPY March 17. 2025
15 Minutes.
AMEX:SPY near 200 averages in 15 minutes.
Big resistance point.
hence a pull back to 560.5 - 558.5 will be a good level to go long.
AMEX:SPY forming HH HL pattern.
A short I expect to be stopped around 556-558 levels.
Not a good R:R setup.
Sidelines today.
NIFTY Intermediate Trend Analysis- Elliott Wave PatternElliott Wave Analysis: Primary Wave Count (Red)
The primary wave structure indicates a completed Wave 4, confirming a corrective phase before a downward impulse begins.
The Wave 4 retracement appears to be near the 38.2% Fibonacci level, which aligns with a standard correction before a continuation downward.
Intermediate Wave Count (Purple)
A smaller intermediate wave count is visible, showing the beginning of a downward movement.
The first Wave 1 (down) is confirmed as the price moves below 22,300, indicating the start of an impulsive decline.
A Wave 2 retracement may have formed, but it seems weak and unable to break back above resistance.
Downside Projection -
If NIFTY sustains below 22,300, it confirms a continued downward move.
Next key support levels:
22,000 – Psychological level & minor support
21,500 – Strong Fibonacci confluence and major demand zone
The final target could be 21,300 if Wave 3 extends significantly downward.
Momentum Confirmation -
The Awesome Oscillator (AO) show a going to confirm bearish crossover.
Volume appears to be increasing on red candles, supporting the downward wave structure.
The failure confirmation marked on the chart strengthens the case for bearish momentum.
Conclusion & Trading Strategy:
Bearish Bias: As long as NIFTY remains below 22,300, expect further downside. Expecting Targets: 22,000 → 21,500 → 21,300.
Disclaimer:
This Elliott Wave analysis is for educational purposes only and should not be considered financial advice. Market conditions can change rapidly, and proper risk management is essential. Always conduct your own analysis and consult with a financial professional before making any trading decisions.
Apple - A is almost finishedLooking at the pattern / structure being carved out, I believe we need another slight low for this part of the pattern to be considered complete. We also have yet to hit the red 1.0 ($0.33 cents away) and are just shy of tagging the white 1.618 @ $207.76. This technically isn't required, but in my experience, far more times than not, a=c. We could always extend down to the red 1.618 @ $182.21, but I do not find that likely at this juncture. I find it far more likely we get the slight OML and then begin moving higher in minor wave B.
Should price decide it does want to extend out, the next fib lower I would want to be watching is the red 1.382 @ $192.09. The next target higher for minor B, should be in the $240-$250 range. Should it extend down to the 1.382, that will lower the target for B by about $10. Hopefully this week we can kick off minor B.
Coinbase -- Still expecting another lowAs the title suggests I am still expecting another low before we move higher again. Looking at the prior price action, a drop to the 1.382 @ $163.02 looks like the ideal place for this intermediate (A) wave to terminate. Afterwards, if this is the correct count, we should begin moving higher with a target of $260-$300. There is always the chance that it extends a little further to the 1.618 @ $137.31, but as of now I do not anticipate that. Should we drop to the area of the 1.382 I plan on acquiring another 20 shares. If we end up coming into the 1.618 that'll be another 20 shares I pick up. I have entered into this position in layers with a plan long before I started. This is the only way to trade based on data and not emotions. Currently I only have 40 shares at an average price of $187. Another 20 shares at say $165 (the price I will buy more) would lower my avg cost to $179. If my thesis is correct, and we do target the $260 range at a minimum, that will be almost $5K in profits with the potential of $8K. Again, this is not guaranteed, but the probability of it happening is higher than it not.
Last thing I want to leave you with, crypto as a whole IMHO, has hit its high. I believe we have started the next corrective phase that will last for quite some time. We do NOT yet have confirmation of this, but I deal with probabilities. As of right now, the probabilities favor a larger consolidation phase for the foreseeable future.
