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Elliott Wave

Alikze »» Link | Scenario wave 1 of 3 rising - 1D🔍 Technical analysis: Scenario wave 1 of 3 rising - 1D - It has been moving in a downward channel on the daily time frame. - Currently, with the failure of the descending channel, in the case of a pullback to the ceiling of the channel or the range of 12.50, it can have the target of 16 to 17 dollars in the first step. - This ascending wave is the previous wave. But in a longer-term perspective, wave 2 correction in the green box range has ended. - Therefore, this recent motivational wave, micro-waves, wave 1 out of 3 is rising. 💎 In addition, this increasing wave can continue to climb up to Fibo 1.272 and 1.618 if the supply zone is broken. ⚠️ Note: If the candlestick closes below the 12.50 zone, the bullish scenario is invalidated and can retest the green box zone. ⚠️ 💎 Currently, according to the momentum, the first scenario or the bullish scenario is more likely. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:LINKUSDT
Long
by alikze
Tesla UpdateAs mentioned on the last couple posts, I am just waiting for Tesla to hit a top and begin a consolidation to the downside again. For this post, I thought I would zoom out to give a more holistic picture of where we're at, and where I believe we're headed. Looking at the chart there are a few things going on. At the top of the chart, you can see a time tool I have drawn to point out the duration of these larger moves. Our larger ((A)) wave lasted for about 428 days, while the larger ((B)) wave is going on 705 days. Then, looking at the yellow trend lines drawn, you can see we have slightly breached the upper trend. At the bottom I have drawn a line pointing out the ATH high MACD reading that we're approaching. RSI is in the way overbought territory too. You may be asking yourself; Why am I talking about all of these things? The reason I am pointing these different things out to you is to show how overextended this ticker is. To express that I believe it is just a matter of time until this stock comes back down. Looking at the structure/pattern that has been created, I find it highly likely that Tesla forms a flat ABC pattern ending around the red 1.0 @ $100.09. The red fibs could change slightly should Tesla make another high. It won't be a big difference, but could slightly change, nonetheless. The next major move lower should be primary wave ((C)) of Cycle wave II and will likely last 1-3 years...if not longer. We cannot know for certain how long, but unless the wave (3) of ((5)) started out as a LD, we're head lower soon. The only other option aside from a LD is a corrective pattern, which is how I am counting this. I hope this gives a clearer picture of where we've been, where we're at, and where we're headed. Please let me know if you have any questions.
NASDAQ:TSLA
by TSuth
6
#XRP/USDT 12h / Elliott-Fibonacci-Financial ChannelAccording to Elliott Wave theory, the price rose during the impulsive first wave and corrected in the second wave as an ABC zigzag to the 0.382 Fibonacci level. This aligns with Elliott's rules, suggesting that the correction of the fourth wave will likely be at 0.5 - 0.618. Based on the impulse of the first wave, the target for the third wave is 4.25, followed by a correction within the fourth wave. Using Fibonacci projections by shifting the grid from the start of the first wave impulse to the end of the second wave, the target for the third wave aligns with Fibonacci 1.618 (5.82). Without shifting the Fibonacci grid, the target for the third wave at Fibonacci 1.618 is 4.40. To confirm this scenario, the price must break above the peak of the descending financial channel. Successful trades!
Long
by WoWAcEDuDe
(1D) MICROSOFT ANALYSIS (MSFT)Inspired by today's failed Bitcoin shareholders' vote, I've put up my prognosis for Microsoft MSFT for the next few months. MSFT is down almost 1.5% on the day, rejecting at the 78.8% retracement of the down move from the ATH. There are a couple possible scenarios going forward. Bullish case is that MSFT started a Bull Flag Correction (waves labeled in blue) with the pivot from the ATH in July. If so, we are completing Wave B of this flag (internal waves labelled in purple) , which may have completed already with this 78.6% rejection. However, we could still see it complete a 100% retracement instead and terminate as a Double Top, retesting and getting rejected at the ATH. This would signal the start of Wave C. We could expect this final wave to have a similar size to Wave A, giving us a short-term 17% Short play from the ATH before ultimately continuing the larger upside trend. Bearish case would be that Wave B described above (labelled in purple) is instead actually a Bear Flag for downside. This would have to be confirmed with a break below the $385 Support Range. **This analysis would be invalidated if we do indeed get a breakout above the current ATH, factoring in for some % overshoot (aka fake breakout).
NASDAQ:MSFT
by PHICAPITALINVESTMENTS
GOLD → Breaking through channel resistance. Growth attemptGOLD is coming out of the channel. Bulls are trying to take the situation into their own hands and keep the defense above 2665. The metal has a chance for local return and growth to 2690 - 2720. Growing geopolitical tension in the Middle East (Syrian government collapse) compensates local growth of the dollar, which is generally favorable for the metal. But, risks of dollar growth remain on the background of inflation growth in the U.S., which in general can strengthen the hawkish position of the Fed policy makers on the interest rate. At the moment all attention is focused on CPI / PPI. Profit-taking is possible due to high risks. Gold is coming out of the local channel, but is still trapped inside the global channel. Price may test the zone of interest before important economic data. Support levels: 2660, 2655, 2636 Resistance levels: 2673, 2688, 2721 The breakout took place and the metal is trying to go up. The target is 2688. But we should be careful, because geopolitical tensions, upcoming economic data may cause corrections and profit taking Regards R. Linda!
FX:XAUUSDShort
by RLinda
10
Bitcoin Is About To Enter 100K Area SoonBitcoin with ticker BTCUSD is coming and moving nicely higher as expected, after Donald Trump won US elections, so coin remains in a strong bullish five-wave impulse on a daily chart with room even up to 130k-150k area. Price came nicely higher, out of a recent wave 4 consolidation into wave 5 of an extended wave (3) close to 100k area in the 4-hour chart. Now that BTC is slowing down, seems like it's making a higher degree correction in wave (4) before the uptrend for wave (5) of 3 towards 100k area resumes. It's ideally forming a bullish triangle pattern in wave (4), but alternatively be also aware of a deeper correction, which can still retest 90k-85k support zone.
BITSTAMP:BTCUSDLong
by ew-forecast
Gold is Ready to Pump, Ready!?Gold ( OANDA:XAUUSD ) is currently moving in the Resistance zone($2,667-$2,653) and has managed to break the upper line of the Descending Channel . In terms of Elliott wave theory , Gold completed the Double Three Correction waves as I expected , and I am also waiting for the Resistance zone($2,667-$2,653) to break with the break of the upper line of the descending channel . I expect Gold to rise to at least $2,679 after breaking the Resistance zone($2,667-$2,653), and the next target is the width of the descending channel (broken). ⚠️Note: If Gold goes below $2,636, we can expect a further decrease in Gold.⚠️ 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
5
changing view point according to support made if no break belowif btc doesnt break lower than 94k this can happen, we havent seen altcoin hitting ath. like eth and small cap coins. then we may see them pumping while btc is slowly going up. this happens when there was strong trend. even with big wicks to 90k we still at 95k area then, we are waiting for real alt season and btc is not gonna go down any more. i think we need to buy defi projects like zrx,eigen,ethfi, aave... I like flare network chart personally. I think this can be last short term analysis I would be making in tradingview because I trade very short term and sometimes i get questions from the chart i had like 2 or 3 days ago. those are just my analysis of full scenario but when things changes even in 1 sec i need to change my position. anyway from this short term trade i am still in profit of 2m in this year. so i guess changing view point in long terms but trading short term with little risk works for me.
Long
by Bincoti_trade
1
SPY/S&P500: in the mid-term resistance zonePrice has approached the upper border of the mid-term resistance zone: 598-612. Until price closes bellow 612, I am preparing for the start of a correction to mid-term support: 564-540. If price moves confidently above 612, than next resistance target is at 635 level. The macro-structure of the uptrend from 2022 lows is well intact until price holds above 540 level and assumes higher targets for 2025 at 635-640-670 levels. I wish everyone Merry Christmas and successful and profitable 2025! Thank you for your attention.
AMEX:SPYShort
by artemfedorov
AUDUSD→At Critical Support Level's Could It Drop Further ?OrNot!FX:AUDUSD The AUD/USD chart reveals that since late October, the pair has been in a downtrend. This is largely driven by monetary policy differences: while the Federal Reserve has begun cutting interest rates, the Reserve Bank of Australia (RBA) has yet to initiate rate reductions. Tomorrow, the RBA will announce its decision on interest rates. All 44 economists surveyed by Reuters expect the rate to remain at 4.35%, given persistently high core inflation (3.5%) and low unemployment. Previously, experts forecasted rate cuts in the first quarter of 2025. However, most now anticipate reductions no earlier than the second quarter, as the RBA focuses on bringing inflation back to its 2–3% target range.
by MarketAnalyzar
USOIL CLEAR TRIAGLEThe outlook for USOIL is extremely bullish as it is potentially completing the Elliott Wave B as a contracting triangle. This pattern often signals a powerful continuation toward the primary trend once Wave C begins. The Ending Triangle structure indicates that the market has been consolidating in a compressed, corrective pattern, and we are likely nearing the final stages of this consolidation. As Wave B nears its end, it sets the stage for a strong breakout to the upside. Given that oil experienced substantial upward momentum nearly 2 years ago, the market is positioned for a significant surge once Wave C unfolds. The key to this bullish outlook lies in the fact that Ending Triangles often lead to sharp moves in the direction of the dominant trend, which in this case is upward for USOIL. Once Wave C begins, it could propel prices toward new highs, potentially breaking through key resistance levels and establishing a fresh bullish trend. Moreover, the wave structure suggests a well-organized market, with, I believe institutions building large positions in the energy sectors for a larger move. The completion of Wave B indicates the final corrective phase before an explosive rally, providing an excellent opportunity for traders to position themselves for a breakout. The market is poised for a major upward thrust, and the overall sentiment is aligned with a potential rise in oil prices.
TVC:USOILLong
by FreedomBuilder
Palantir UpdateI have been going over this chart for a while now. Looking at the most recent price action, and the MACD, I have decided to alter my count slightly. It doesn't change any targets, but I believe this more accurately reflects the structure. I moved the wave (iii) & (iv) higher suggesting that the wave (iii) extended slightly. I primarily did this due to the MACD reading, and the strength we saw from 4-11 November. As mentioned above, this does not change any targets. Looking at the recent price action, you can see price came $0.04 cents shy of the yellow $2.236 and then got rejected hard. We still cannot say with any kind of certainty that a top is in though. I wouldn't be surprised in the slightest if it was. The reality of the matter is, though, no key levels have been broken. Until price can get below $58.85, the upside is still intact. Thats almost a $15 correction from current levels. We do have more neg div as you can see on the MACD at the bottom, which is a start. We need this downward bias to continue though. Should price continue higher, I believe it will tag the 1.382 @ $94.03 or at least come very close. If the top is in, we would ideally be headed for the $43 region next, for the completion of wave 4.
NASDAQ:PLTR
by TSuth
1
Alikze »» ROSE | Bullish Wave 3 or C Scenario - 1D🔍 Technical analysis: Bullish Wave 3 or C Scenario 📣 BINANCE:ROSEUSDT In the daily timeframe, according to the analysis presented earlier, the Rose currency encountered demand after correcting to the 0.23 Fibo area, which continued to grow in accordance with the movement path to the supply area. 🟢 In the daily updates, it was also mentioned that a bullish flag was formed, which had a growth of 74% as much as the flag bar. 🟢 Currently, in the daily timeframe, it has also had a movement cycle to the supply area of ​​​​13 cents, considering the current momentum. 💎Therefore, considering the momentum, it can continue to the red box area (supply area) with a pullback to the green box area. ⚠️In addition, if the price enters the LVL Invalidation area, the bullish scenario will be invalidated.⚠️ »»»«««»»»«««»»»««« Please support this idea 💡 with a LIKE 👍 and COMMENT 💬 if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email 📧 in the future. Thanks for your continued support.🙏 Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by alikze
5