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Elliott Wave

GBPUSD Wave Analysis – 18 March 2025 - GBPUSD reversed from support zone - Likely to rise to resistance level 1.3050 GBPUSD currency pair recently reversed from the support zone between the support level 1.2900 and the upper trendline of the daily up channel from January. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Bullish Engulfing - which continued the active impulse wave (C). Given the strongly bullish sterling sentiment, GBPUSD currency pair can be expected to rise to the next resistance level 1.3050 (the former monthly high from November).
Long
by FxProGlobal
The Opportunity of The Year: A Perfect Long Entry on BTC ?Bitcoin’s recent pullback to $76K has sparked concerns among traders, but for those following Elliott Wave 2.0, this correction is nothing more than a textbook WXYXZ retracement after a powerful 1-2-3-4-5 impulse wave. Wave Structure: A Perfect Setup for the Next Move Wave 1 began around $50K, kicking off the strong uptrend. Wave 5 peaked at $107K, completing the impulsive move. The current decline to $76K aligns perfectly with a wave-2-style correction, which is essential before the next leg up. WXYXZ Correction: The Smart Money Entry Zone In Elliott Wave 2.0, A WXYXZ correction is a natural and necessary part of market cycles. This isn’t a sign of weakness—it’s a cooldown before the next explosive run. The Next Leg Up: Preparing for Wave 5 According to Elliott Wave 2.0, the cool gains come from Wave 5, which follows a WXYXZ correction. With Bitcoin cooling off at key Fibonacci levels, the next move could send it past $140K+ in the coming months. With Institutional demand remains high, and spot Bitcoin ETFs continuously absorbing supply. The halving effect is still in play, historically driving BTC to new highs post-event. Smart money isn’t panicking—they’re accumulating. This correction isn’t a crash, it’s a reset before the next parabolic wave. 🚀
Long
by SabahEquityResearch
5
bear targetAfter 4 months of watching at this chart i made a conclusion. Here is the global picture. The reactions on the chart are always zigzags. The whole figure has: 3-5-3-5-3 structure, which gives the impression that it is an ending diagonal. The target for diagonal is a figure is its base, marked by the blue horizontal line - 9.42% on the dominance, or +72% from the current value. If the chart will consolidate above 5.81 %, i.e. above the sloping downtrend line, it would be confirmation that bear market has started in 2024 December, or we are in ABC now. This trend line is the key because this line is global for the current bull market. If this is an ending diagonal figure, I beware for the future of national fiat-currencies, after the bear market on cryptocurrencies. But i still need to think more on this discovery.
CRYPTOCAP:USDT.D
by dogecoin_chain
CHFJPY Wave Analysis – 18 March 2025 - CHFJPY broke resistance zone - Likely to rise to resistance level 172.00 CHFJPY currency pair recently broke the resistance zone lying at the intersection of the resistance level 169.50 (former upward correction top from February) and the 38.2% Fibonacci correction of the sharp downward impulse from December. The breakout of this resistance zone accelerated the active upward correction from the major support level 166.70. CHFJPY currency pair can be expected to rise to the next resistance level 172.00 (which reversed the pair at the end of January).
Long
by FxProGlobal
$XAUUSD | Gold - Nearing ExhaustionGold has seen a strong rally over the past week – technically impressive, but from a Risk-On perspective, it’s more of a warning sign. As I mentioned in my Nvidia market report, I don’t think the Risk-Off phase will last forever. But for now, I believe we’re not quite done with it yet. From where I stand, Gold could push a bit higher. My next target is the 161.8% Fibonacci extension at $3,038, which I expect to act as a reaction level. After that, I’m targeting a drop back down into the $2,955 to $2,930 area – this is where I expect sub-wave ((iv)) to complete. What happens next will depend on how price reacts within that zone. Ideally, we’ll see one final move up to complete sub-wave (v) or roman ((iii)), but where exactly that ends is still unclear – I’ll reassess as we approach the zone. For now, Gold remains strong – but I believe it's nearing exhaustion.
OANDA:XAUUSD
by stromm
TRUMP MEME COIN TO $77 – LAMBO SEASON IS WILL BE HERE!I just did what any rational investor would do… SOLD MY CAR TO GO ALL-IN ON TRUMP COIN! 🚗➡️🚀 Because who needs wheels when you’re aiming for a Lamborghini by year-end? Currently sitting at $10, this absolute rocket ship is gearing up for a 777% move to $77—a number so patriotic it might just get its own national holiday. Elliott Wave 2.0, Fibonacci magic, and pure meme momentum all align for a face-melting rally! 🔥 Catalysts fueling the moon mission: ✅ 2024 election hype = infinite liquidity ✅ Meme magic = unstoppable retail FOMO to kick in ✅ "Only up" is my new trading strategy By the end of the year, we’re either driving Lambos or explaining to Uber drivers how we were “early”. ALL IN, BABY! 🚀🇺🇸
Long
by SabahEquityResearch
1
Going Long on NVDA !NVIDIA (NVDA) has been a powerhouse stock, riding the wave of AI, gaming, and data center demand. Recently, the stock experienced a correction, which might have caused some investors to hesitate. However, from an Elliott Wave 2.0 perspective, this pullback was nothing more than a natural ABC correction following a classic 1-2-3-4-5 impulse wave—a textbook setup for long-term bulls. Understanding the ABC Correction in NVDA In Elliott Wave theory, after a strong five-wave rally, the market typically experiences a three-wave pullback (ABC correction) before continuing its long-term uptrend. This correction serves to shake out weak hands, reset overbought conditions, and set the stage for the next bullish impulse. The A-wave is the initial drop as profit-taking kicks in. The B-wave is the temporary bounce, often mistaken for a continuation. The C-wave completes the correction, offering smart investors an ideal entry point. NVDA’s recent pullback aligns perfectly with this structure, meaning the next leg up could be just around the corner. Why NVDA Remains a Strong Long-Term Bet AI Dominance – NVIDIA is at the center of the AI revolution, with its GPUs leading the industry. Data Center Growth – Demand for high-performance computing continues to surge. Technical Reset – The stock has worked off overbought conditions and is finding new support levels. The Opportunity: A Strategic Long Entry Now that the ABC correction has played out, NVDA presents an excellent long entry for those looking to ride the next bullish wave. With strong fundamentals and a technical reset, the stock is primed for another 1-2-3-4-5 impulse move, potentially leading to new all-time highs. For traders who understand market structure, this is a golden opportunity to go long before the next explosive rally begins. 🚀
NASDAQ:NVDALong
by SabahEquityResearch
2
Elliott Wave Analysis of Gold (XAU/USD) Updated.Current Market Structure Based on Elliott Wave Theory Higher Timeframe Structure (Red Waves) Gold has completed its higher-degree Wave 3 and is now expected to enter Wave 4, which is a corrective wave. A corrective move in Wave 4 typically retraces between 23.6% to 38.2% of Wave 3. The correction may take a zigzag (ABC), flat, or triangle formation before resuming the Wave 5 uptrend. Intermediate Timeframe Structure (Purple Waves) The internal 5-wave structure within Wave 3 (purple count) is fully completed. This suggests a high probability of an impending correction, which aligns with the higher-degree Wave 4 correction. Negative Divergence on AO Indicator The momentum histogram at the bottom shows negative divergence (blue trendline). Price made a higher high, but momentum did not confirm this move. This divergence suggests weakening bullish momentum, increasing the probability of a short-term pullback. Expected Price Movement Primary Expectation: Gold is expected to move down into Wave 4 correction, potentially finding support around $2,950 - $2,900. Alternatives: If a shallow correction occurs, the price may hold around $2,980 - $3,000 before resuming an uptrend. If a deep correction occurs, we may see levels around $2,850 before a final Wave 5 rally. Disclaimer Elliott Wave analysis is a probabilistic method and not a guaranteed forecast. The expected price movements are based on historical wave patterns and technical indicators, but external market forces (news, fundamentals, economic events) can alter the structure. Traders should use this analysis in conjunction with other risk management tools and consult financial experts before making trading decisions.
CAPITALCOM:GOLDShort
by shiva560060
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.
NSE:NIFTY
by ruebennase
6
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.
Short
by ew-forecast
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!
FX:XAUUSDLong
by RLinda
27
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!
Long
by RLinda
2
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!
Long
by RLinda
3
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!
Long
by RLinda
3