SPX
Spx
It appears to me from the chart that the rise has not ended yet and there is an upcoming rise
Elliott Wave
PLTRPLTR
Elliott wave chart
It appears to me from the chart that the rise has not ended yet and there is an upcoming rise to higher targets
USDJPYWeekly
1. Historically extreme COT in trade positioning; the trend usually turns in favor of the dollar on trade position changes.
2. MACD has bullish convergence.
3. The 2021 trend line has been touched at the 61.8% Fibo.
4. Possible formation of an ABC wave 4 triangle. The possible next wave will be a 5 and the target level is 175, the extreme target is 206
Daily and hour timeframe
5. The last movement is a higher high and higher low, this could be a new channel
6. The invalidation level for my arguments is 147.350
What do you think?
Adobe Wave Analysis – 13 March 2025
- Adobe broke round support level 400.00
- Likely to fall to support level 360.00
Adobe recently broke with the sharp downward gap the round support level 400.00, which stopped wave 5 of the previous impulse wave (1) at the start of January.
The breakout of the support level 400.00 accelerated the active impulse wave 3 of the sharp downward impulse wave (3) from the middle of February.
Given the clear daily downtrend, Adobe can be expected to fall to the next support level 360.00 – which is the target price for the completion of the active impulse wave 3.
Apple Wave Analysis – 13 March 2025
- Apple broke support area
- Likely to fall to support level 200.00
Apple recently broke the support area between the strong support level 220.00 (which has been reversing the price from October) and the 61.8% Fibonacci correction of upward impulse from August.
The breakout of this support area accelerated the active impulse wave 3 of the sharp downward impulse wave (C) from February.
Apple can be expected to fall to the next round support level 200.00 – which is the target price for the completion of the active impulse wave (C).
Downturn in traditional markets will suck liquidity from Crypto.For what feels like the longest time I have had my eye on the CME gaps down at approx 11k and 9.5k.
I still feel like a retrace to these levels is possible should a significant enough downturn in traditional markets occur.
I would look at placing buy orders at these levels (as well as on the way down to there) in anticipation of there being a rapid cascade of liquidated longs.
Such a retrace would not be uncommon for Bitcoin, and targeting these levels would be a great way to load up on shockingly cheap coin while weak hands and excess leverage are shaken out of the market.
Obviously, altcoins would be affected also.
I would not trust any stable coin that has market exposure as part of their stabilizing mechanism.
XAU and PAXG are probably the "safest" places to keep un-allocated capital.
Thoughts and insights are welcome.
NAB Monthly Long term structureElliotticians, don't crucify me... I'm no expert in EW theory!
But I believe we are seeing a super high level double or triple three pattern emerging in NAB
Long term it appears that NAB was in a trending pattern till 2009
Currently we are in a long term corrective phase, which consists of large Flat corrections and zigzags or triangles
Overall we just completed a large Flat 3-3-5 wave pattern and likely to see a fall into an ABC correction (zigzag) to start a new corrective phase or possibly create a large long term triangle
What this suggests is that this is in a large ranging pattern... so trading in and selling out at long term resistances would be the smart play until such time as the longer term structure becomes clear and builds a completed base to start a trending move outside of this structure
Ranging markets chew up time to create the base for the next long term trend and in this case we are likely to see the range continue until we see some completed structure
Some beginners sometimes do not understand ranging markets as they are harder to understand than trends... but if you get the overall grasp of them you can differentiate the difference between a real buying opportunity that have completed ranging structures within it and a short term buying opportunity and position yourself accordingly
I've posted a few on the ASX over the years and each time the moves out of these tend to be strong and persistent
US02Y hidden bearish divergence and RSI rejection from level 40
US02Y could be repeating a pattern from August 2024. Hidden bearish divergence (continuation of lower highs) and rejection of RSI from level 40. Following the rejection, the yields went lower.
US02Y going lower is bullish for risk assets.
In addition, US02Y could be on the verge of a fifth Elliott wave to the downside. The second wave overshot a little the textbook 0.618 fib level. The fourth wave retraced a little less than the textbook 0.386 fib level. Given the RSI analysis above, the fifth wave could be starting now leading US02Y lower. This would be bullish for risk assets such as stocks and crypto.
Gold Wave Analysis – 13 March 2025- Gold broke resistance level 2962.00
- Likely to rise to resistance level 3000.00
Gold rose sharply after breaking above the resistance level 2962.00 (top of the previous sharp upward impulse wave 3 from the end of February).
The breakout of the resistance level 2962.00 continues the active impulse wave 5 of the extended upward impulse sequence (3) from November.
Given the clear daily uptrend, Gold can be expected to rise to the next round resistance level 3000.00 – the breakout of which can lead to further gains toward 3050.00.
ABB - much needed consolidationABB - after years of steady rise it is time to correct the wave 3 (red count)
This will give investors who believe in the company a good opportunity to get more shares at a discount price.
I predict that at around 440 - 500 SEK the stock will continue to rise in valuation with a potential of about 50% increase before starting the next correction (wave 4) as part of the green wave degree.
VW - stock may have turned around (?)VW - has had its fair share of bad news lately, however, panic and fear often times is at its peak when price is close to find the bottom.
Looking at price action and price targets it seems the wave C of II could be over which is also indicated that price bounced from the 161.8 fib expansion of wave 4 of C. Ever since then the stock has seen a steady rise that was also supported by good volume.
Now it has reached the 61.8 retracement of wave 5 and usually around that fib level price will stall and consolidate. I can even see a 5 wave motive wave up.
Now, we need to see how the price action looks like in the coming days and weeks. Hopefully it will make a higher low at around 50-61.8 % fib retracement and from there I would be looking to long the stock. The upside is quite impressive as the price may rise with over 300%.
For now, we remain neutral and are watching what happens next.
EURJPY Descending TriangleOn the Daily timeframe, we can see that a descending triangle pattern is being formed.
Statistically, this pattern breaks more often to the downside, which aligns with my primary wave count. Let's wait for some resolution outside the triangle boundaries.
AAPL short on reboundWhile I've been putting up shorts for Nasdaq, Meta, Google, and Amzn, I just realized that I did not do it for AAPL. So here's the wave counts update. While the direction is down, it does not mean to short it now because this wave 3 down is now approximately equals to wave 1 (around $40). An extension of 1.618 will give us another $24 down move but I CANNOT be certain if there would be any corrective wave up making this current wave 3 a 5-waves movement.
So my suggestion is to wait for rebound and short.
Nifty Levels using Elliot Wave theoryThe Nifty is currently undergoing a correction from the 26,200 level, following a WXY pattern to complete the correction. It is likely to form a WXY-XZ pattern in the coming days if the momentum fails
A temporary reversal could occur around the 21,714 level. If the index falls below 21,340, it may move towards deeper levels.
BTCUSDT UPDATE....What we can expect next????Things are going accordingly. We are currently probably forming ending diagonal which indicates a trend reversal. If things go even, we can expect reversal from 74-69k region which is also PRZ of bat harmonic pattern. Also golden fib. level (61.8) of micro wave (iii) is aligning in PRZ zone.
Hoegh Autoliners - reached target areaAs MPCC also Hoegh autoliners reached the target area from where I anticipate the stock to climb again.
a potential stop could be placed around 65 NOK
MPCC - long entry zone reachedSmall update on MPCC.
Price reached the designated target area to open long trades.
A stop below 16 NOK would minimize the risk and if one wants to give some extra room 14.6 NOK would also work.
Cheers
Gold Update | $3k+ Then DumpSimilar to my last gold post we're tracking price using another method, parallel channels and Elliott Impulse Wave.
Price finished correction wave 4 and is now on impulse wave 5 that will take us to $3k+
I'm interested in long positions only working with a 30d - MA. This will help with entries and further price movement on the way up.
Viking Rejecting This Price LevelBefore testing the $30 region, Viking is likely to retest the descending trendline around $34. This move could represent a 10% gain in the short term.
If the descending trendline breaks, the next potential target would be $44, signaling a strong bullish continuation. Keep an eye on price action and volume confirmation! 📈🔥
EUR/JPY Technical Analysis | 2H Chart
📉 EUR/JPY is currently showing signs of rejection from a key descending trendline (green) after a strong bullish move.
📌 Key Observations:
✅ Resistance Zone (Purple Box): Price attempted to break but faced rejection.
✅ Support Levels: Watching 160.617 and lower 158.519 for potential downside targets.
✅ Bearish Momentum: The price is reacting from resistance, suggesting a possible short-term pullback.
✅ Breakout Scenario: A break above 161.834 could trigger bullish continuation toward 162.500+.
💡 Trading Plan:
🔸 If price re-tests resistance and holds, expecting a potential drop toward the 158.500 region.
🔸 A confirmed breakout above 161.834 could invalidate the bearish bias and lead to further upside.
📊 Keep an eye on upcoming economic events for volatility!
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UPS About To Break Support. UPSVery slow and not confident move up on the bullish side cancelled by strong bearish candles. Indicators below show ripe fruit for bears' picking. All three are singing in unison. This may be a start of a new Elliott zigzag.
Head and Shoulder on Bearish Pfizer. PFEIndeed, it is. Price action, stochastics and VZO are supportive. We look to break triangle support on the diagonal line, which is the commonest of the two.
Pivoting Drop on Netflix. NFLXLast short idea was profitable for us, and I think this is a time for a pivot now. Price action is king. The drop down looked like ABC of a larger zigzag A wave, so now B which may be quite protracted. Fib goals here are for illustration purposes, as I recommend you never keep your goals stationary but use an adaptive indicator or indicator pair to exit.
