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Elliott Wave

General Electric Still Has Battery. GEThere is a constellation of factors to lay a foundation for a bullish bias. MIDAS and US curves are both crossed, plus upgoing stochastic/volatility combo. Right now we are of the view that this is an evolving ABC zigzag or flat, with view to reverse position should the red line be crossed and pattern effectively evolves to a downward triple drive or something similar. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green or purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Professionally, we are big fans of any indicators from Jurik, De Mark and Ehlers, which we use in addendum in analysis prior to putting down positions. We prefer a combination of at least four technical factors to favor a particular stance. A stance is never decided by this constellation, rather the constellation merely confirms the stance. Trading is a true one man sport. No single confluence of indicators is truly good enough, and a professional trader's sense must be developed through a lot of hard work and over a significant period of time. Good luck out there and stay safe.
NYSE:GELong
by Rykin_Capital
Union Pacific Corporation to Gain Some Traction. UNPA nice cross of MIDAS, Smoother lines on the daily, post something choppy that we are not entirely sure what is. Oscillators are supporting. Weekly chart is in favor of some kind of a recovery in the interim. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green or purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Professionally, we are big fans of any indicators from Jurik, De Mark and Ehlers, which we use in addendum in analysis prior to putting down positions. We prefer a combination of at least four technical factors to favor a particular stance. A stance is never decided by this constellation, rather the constellation merely confirms the stance. Trading is a true one man sport. No single confluence of indicators is truly good enough, and a professional trader's sense must be developed through a lot of hard work and over a significant period of time. Good luck out there and stay safe.
NYSE:UNPLong
by Rykin_Capital
Drop on ServiceNow Inc on the Radar. NOWA five wave Elliott impulse appearing to be reaching conclusion. There is a cross of Ehler's Smoother, and Stochastic and volatility zone indicators have already turned. This is a less reliable picture, as the momentum only appears to be growing. It is prudent to stay mindful of the fact that no confirmatory levels have been crossed. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green or purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Professionally, we are big fans of any indicators from Jurik, De Mark and Ehlers, which we use in addendum in analysis prior to putting down positions. We prefer a combination of at least four technical factors to favor a particular stance. A stance is never decided by this constellation, rather the constellation merely confirms the stance. Trading is a true one man sport. No single confluence of indicators is truly good enough, and a professional trader's sense must be developed through a lot of hard work and over a significant period of time. Good luck out there and stay safe.
NYSE:NOWShort
by Rykin_Capital
Downward for Exxon Mobil. XOMPicture is highly suggestive of an Elliott downward impulse, with wave 5 remaining. Momentum is certainly building, indicators are about to turn. The narrow price action in the most recent candles are highly suspect for a wave 4 in the undergoing impulse. Fibtime is not excluding the possibility of Wave 5 yet. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green or purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Professionally, we are big fans of any indicators from Jurik, De Mark and Ehlers, which we use in addendum in analysis prior to putting down positions. We prefer a combination of at least four technical factors to favor a particular stance. A stance is never decided by this constellation, rather the constellation merely confirms the stance. Trading is a true one man sport. No single confluence of indicators is truly good enough, and a professional trader's sense must be developed through a lot of hard work and over a significant period of time. Good luck out there and stay safe.
NYSE:XOMShort
by Rykin_Capital
BNB/USDT: Key Fibonacci and Volume Profile Reversal ZonesBINANCE:BNBUSDT BNB/USDT: Key Fibonacci and Volume Profile Reversal Zones Analysis: The chart provided is a 4-hour timeframe of Binance Coin (BNB) against Tether (USDT) on the Binance exchange. The chart includes several technical indicators and annotations that are crucial for formulating a trading strategy. Price Action and SMC Analysis: The chart shows multiple Change of Character (CHoCH) and Break of Structure (BOS) points, indicating shifts in market sentiment and potential reversal zones. The recent CHoCH at the right side of the chart suggests a bearish sentiment. Fibonacci Retracement Levels: Key Fibonacci levels are marked, with 0.786 (730.18802), 0.705 (728.41885), 0.618 (718.33226), and 0.382 (701.67774) being significant. The price is currently near the 0.382 level, which could act as support. Volume Profile: The volume profile on the right shows significant trading activity around 713.25 and 731.24, indicating strong resistance levels. The lower volume nodes around 687.11 and 674.72 suggest potential support zones. RSI and MACD Indicators: The RSI is currently around 39.67, indicating that the asset is approaching oversold conditions. The MACD histogram shows red bars, suggesting bearish momentum, but the green bars indicate potential bullish divergence. Buy Strategy: Entry: 687.11 (near the support level and lower volume node) Take Profit 1 (TP1): 713.25 (+261.4 pips) Take Profit 2 (TP2): 731.24 (+441.3 pips) Stop Loss (SL): 674.72 (-124.9 pips) This detailed analysis uses various trading strategies, including Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave Theory. The indicators displayed on the chart, such as Fibonacci retracement levels, volume profile, RSI, and MACD, support the analysis and identify key levels for entry, take profit, and stop loss
Long
by Alexgoldhunter
2
WTI crude oil Wave Analysis 9 January 2025 - WTI crude oil reversed from support level 72.25 - Likely to rise to resistance level 74.60 WTI crude oil recently reversed up from the key support level 72.25 (former resistance from October and November, as can be seen below). The upward reversal from the support level 72.25 continues the c-wave of the active ABC correction 2 from the middle of November. WTI crude oil can be expected to rise in the active minor c-wave to the next resistance level 74.60, coinciding with the resistance trendline of the narrow daily up channel from last month.
FX_IDC:USDWTILong
by FxProGlobal
GOLD → Resistance retest before falling FX:XAUUSD is consolidating and deliberately approaching the resistance 2667. The upward market structure is focused on a breakout of the resistance. But the other question is whether the breakout will happen, because the sticks in the form of economic data have been in the wheels for a long time now Based on the market behavior, we can assume that before the possible fall there may be a liquidity grab and a retest of the key resistance, as buyers became more cautious after the discouraging data on inflation in China and hawkish Fed meeting minutes. To be honest, gold's current rise is not clear to me as there is no reason for it except for Trump's tariff plans towards multiple countries. Fundamental data is negative, there is no new news from hot spots, the dollar is rising, global inflation is rising, the Fed has become hawkish, there are so many nuances providing resistance to the metal. Resistance levels: 2667, 2675 Support levels: ascending line, 2656 Technically the structure is bullish and in the short term I am waiting for an attempt to break the resistance 2667. In this case a retest of the zones of interest 2675, channel resistance or 2692 from which a correction can be formed is possible. Regards R. Linda!
FX:XAUUSDShort
by RLinda
3
GBPUSD → Consolidation in the selling zone held by bearsFX:GBPUSD made an attempt to grow, but could not overcome the bears' pressure zone. The reasons for the growth are the dollar correction, which was short-lived. The main trend is not broken. On D1 the price after breaking through the key support at 1.25 tested it already as resistance within the correction. A false breakout of resistance is formed and price consolidation in the selling zone. The sharp impulse was related to the dollar, which fell after Trump's comments on rumors related to his policy. The dollar returned to the upside creating another bout of pressure on GBP. Technically, the main trend is bearish. The price is in the selling zone and bears are not ready to give up their positions. The risk of trend change may come after the breakout of 1.26, but it is too early to talk about it... Resistance levels: 1.2575, 1.26 Support levels: 1.2488, 1.2449 The price is trying to consolidate in the selling zone, which generally indicates which way the market intends to go. Bears are increasing pressure and if they keep the price below 1.2488 - 1.2449, we will see a fall in the short and medium term. Regards R. Linda!
Short
by RLinda
3
Has SMGR Finished Its 5 Wave Down Move?SMGR to me looks like it might have finished the large 5 wave move. I checked on other charting website that it already has a bullish divergence between the third and the fifth wave, which is a good possibility that the larger 5 wave move has finished. We should observe how it plays out for the next couple of weeks. If it bounces and forms an A wave with good structure and volume, then we can wait for the B wave in order to ride the C wave.
IDX:SMGR
by MrSparkles69
SOL - 1D Elliott Wave AnalysisWe assume that the blue Wave 4 has bottomed at the 20th December and we might have started blue Wave 5 which could form the bull market top. We did add an alternative count due to the strong selling pressure in recent days. Additionally the blue Wave 4 touched the 0.5 FIB at 178.12 USD which is a deep but valid retracement for a Wave 4. In the alternative case we'd assumes the move up from the low of green Wave 4 was only a pink Wave 1 and we are currently working on pink Wave 2 or have finished it. The support for this pink Wave 2 is between the 0.5 FIB at 170.54 USD and the 0.886 FIB at 121.57 USD. Noteworthy is that the low at 178.12 USD of the 20th December could also be the pink Wave 2. Next target is the 1.618 FIB at 313.60 USD and after more clarity we can add further targets. We did add some bull market top targets which start at the 1 to 1 FIB at 372.90 USD. The 1 to 1 FIB is considered the minimum target the blue & green Wave 5 should hit. We do consider further extensions as likely because there is a bullish sentiment around Solana. Additionally memecoins are quiet hyped and plenty of them run on the Solana network which can add fuel to a price surge of Solana. Additionally the 5th Wave of a bull markets tend to be euphoric and driven by hype and FOMO which increase the probabilities for an extensions. Be aware that it is not a given. Further targets are the 1.236 FIB at 497.41 USD, the 1.382 FIB at 594.46 USD and the 1.618 FIB at 792.96 USD. The 1.236 FIB at 497.41 USD does overlap with the 2.382 FIB at 518.29 USD, the 1.382 FIB at 594.46 USD does overlap with the 2.618 FIB at 599.20 USD and the 1.618 FIB at 792.96 USD does with the 0.618 FIB at 833.60 USD. After the short term price actions get more clear we can look at the smaller timeframe targets and see if they do overlap with any of the bigger timeframe targets. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
Gold Next Expected Move as respecting to Elliott WaveHello Traders! Gold is Respecting well to Elliott Wave as all we know that its time for corrective moves in gold and on Thursday 09/01/2025 gold took good move in upside direction. its the clue for strong bearish trend as Elliott wave also expecting till 2487 which is very good move for sellers. Chart Pattern also showing bearish trend as we can see double top and rising wedge in H4 and expecting target of 2571 which is also good move almost 1000 pips. Support: 2649.300 Resistance: 2695.600 Key Level: 2670 Looking for good selling area to take entry till that i will wait and will not rush in this situation we can see selling area from 2676-2681 Traders if you like my idea then kindly support my idea and follow me for more analysis
OANDA:XAUUSDShort
by GoldMasterTrades