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Elliott Wave

relief pumpSeems like election bull was already priced in, new money got washed. Bonds are making a comeback, cash is a position. Expecting more downturn after a relief pump, coinciding with yields retracement. Yields trending with equity price are usually signs of either economical expansion or economical fears, such as slowdown or recession, during up and downs. The markets just jumped from one narrative to the other: expansion(trump gets in office) ---> slowdown(tariffs imposed) I think the expansion narrative will take a while to settle back(end of Q2 at least) after all the executive orders signed. Although, I'm still long for the month of March, nice opportunity for a relief pump, before resuming of slowdown narrative.
TVC:US10YLong
by Osmanomics
XCN + 333%? X4 IS WAITING FOR IT IF THIS CONFIRMS.Last time Onyxcoin (XCN) had a Bullish divergence on RSI and make a Golden cross. it made a +383% in 5 waves making the 1st wave on the bigger cycle. (152 ds). Wave 2 a correction ( 152 ds), corrects as Elliot says to the 4th of a minor degree. And now that the Wave 3 seems to start, we break the descending channel and made a Golden Cross. We have the bull impulse until Feb/Mar 2025. To confirm this we need the break out on the RSI. And remember that Wave 3 usually is the strogest of all, we will find out on OCTOBER ;) Cheers!
Long
by PickleBiit
6
GOLD → Retest of 2926 before a possible breakout. CPI aheadGold is rising after long-squeeze and consolidating at the top of the 2926 - 2893 range, which is generally a hint that the market is getting ready to break resistance. But it all depends on CPI Traders awaiting US CPI data. The dollar is partially recovering before the news, which is holding back gold, which continues to consolidate in front of 2921, but weak inflation data may push prices up again. New trade measures as part of Trump's tariff war and geopolitical tensions are having an additional impact. The negative part for the markets presents the lack of a clear position of the leaders of the countries and constantly changing opinions: then they specify tariffs, then cancel them. Inadequate swings in the markets. Resistance levels: 2920, 2926 Support levels: 2910, 2905, 2893 Emphasis on 2926, breakdown of this level will trigger a bullish rally. Now the price is trying to get out of the local consolidation to test 2926, from which a small correction is possible before another breakout. The focus on CPI, weak data may support further price growth. Regards R. Linda!
FX:XAUUSDLong
by RLinda
13
QUICKUSDT → Pending a false breakout of resistanceBINANCE:QUICKUSDT is forming counter-trend movement to the resistance of the range - 0.02957. A false breakdown of the key level is formed against the background of the downtrend The cryptocurrency market is experiencing bad times. While bitcoin is testing new lows - 76K, altcoins are cutting through to find another bottom. QUICK stands out in this picture, testing a strong resistance (liquidity) zone 0.02845 - 0.02957 and forming a false breakout. BUT! in the morning session bitcoin strengthens after a strong fall and can pull the whole market up with it. Thus, before the further fall another attempt to retest 0.02953 or update the tail of the false breakout at 0.03000 (0.7fibo) is possible. Resistance levels: 0.0285, 0.02953, 0.0300. Support levels: 0.0243, 0.02118 If the next resistance retest ends in a false breakdown and price consolidation under 0.02957, QUICK coin may continue its decline in the short and medium term. Regards R. Linda!
Short
by RLinda
1
Gold Price Analysis – Elliott Wave PerspectiveCurrent Market Structure The chart illustrates a completed five-wave impulse (labeled in blue and red), indicating the end of a bullish cycle. A corrective W-X-Y pattern is developing, with price action currently in the X wave phase. A potential retracement towards the 2,882 – 2,877 support zone (50% retracement level) is expected before a strong upward move. Trading Outlook Bullish Scenario: If price reacts positively near the 2,877 – 2,882 support area, it could trigger a rally towards 2,950 and beyond. Bearish Risk: If the correction extends beyond 2,855, further downside may unfold. Conclusion Gold remains in a corrective phase, but the Elliott Wave structure suggests an upcoming bullish move. Traders should monitor key support levels and price reactions before making entries.
OANDA:XAUUSD
by zubairmalik
PEB Pacific Edge NZXPEB I already own this as a long term investment, but interesting chart right now.... Currently had gap down due to bad Medicare news removing product from approved test list, but shortly afterwards one product was ranked highest A+ for test credibility so this may remove the previous restriction in Medicare and open market again Technically this has a long term Elliott Wave 'Ending Diagonal' with an overthrow pattern which is technically a reversal signal, this was followed by a strong move upwards following the results of an industry comparison of products which proved very positive Currently the Triangle has been broken and now being retested, and is now at a good point to hopefully go higher... it may need a news/ medicare catalyst, but the probability is that it is more likely technically and fundamentally to rise than to fall... Moving from current $0.126 to $0.42 will be a 333% Return from current levels And there are gap closes at $0.49 and $0.78c so this represents a high potential reward to risk trade
NZX:PEBLong
by dionvuletich
NVDA Breakdown: Is a Trend Reversal Unfolding?NVDA is showing signs of weakness, with an A-B-C correction potentially unfolding, hinting at a trend reversal. The near-term peak in AI compute demand, proven by DeepSeek , and NVDA’s reliance on Taiwan-based TSMC amid geopolitical risks add fundamental pressure. Broader market sentiment hasn’t turned fully bearish yet either, with CPCE unchanged for March — suggesting market participants haven't fully priced in further downside.
NASDAQ:NVDAShort
by KobesyTrades
SPX morning analysisTechnical analysis of SPX. Bearish count/analysis presented, cleaned up to present important points. Parallel channels frame price action since March 2020 low nearly perfectly, with key pivots pointed out. With count presented, ((B)) is 200% of ((A)). End of ((B)) counted with impulse ending with ending diagonal wedge. Impulsive price action broke through pitchfork support, looking to see if support now becomes resistance. If pitchfork median line (red line) cannot be tagged, should be taken as bearish sign, and return to October 2022 price as likely. If that idea plays out, looking for channels to provide support/resistance for price down towards March 2020 low.
TVC:SPXShort
by discobiscuit
Potential expend a flat on SolanaIn elliot wave perspective I believe the drop from the top till the current bottom we have completed a five-way move. It also can be a w x y move as well hence this is a great place to put a spot on long position. Market may make one more drop to the downside around $100 but regardless the movement, I still believe there will be a bounce coming soon in the future that will bring Solana back into $200 region. Meanwhile I spotted the potential of expanded flat because there is a bull Divergence on The Daily RSI. So I truly believe that there is high chance that Solana is bound to go up again on this immediate short-term. Even though there is a bounce, most likely it will further drop down to 74 dollars region again in the future. Unless, the bull decided they want to be in control, then I suppose another hit to the all-time high will totally make sense too. So I'm going to be Perma bull for the meantime. Trade Safe People
Long
by pandacham88
1
Bitcoin Tests Resistance: Will the CME Gap Get Filled?Bitcoin ( BINANCE:BTCUSDT ) continued its downward trend as I expected in the previous post , but over the past 12 hours , Bitcoin has started to increase from Potential Reversal Zone(PRZ) . The question is whether this upward trend will continue in the past few hours or not !? ------------------------------------------------------------------------- JOLTS Job Openings & Its Potential Impact on Bitcoin The JOLTS Job Openings report will be released today, March 11 . It provides key insights into the U.S. labor market . This data can influence the Federal Reserve’s monetary policy stance , impacting risk assets like Bitcoin. Potential Impact on Bitcoin : Higher-than-expected job openings : Signals labor market strength, increasing the likelihood of Fed tightening → Bearish for Bitcoin Lower-than-expected job openings : Suggests labor market weakness, increasing the odds of rate cuts → Bullish for Bitcoin Historical Influence : In previous months, JOLTS data has triggered volatility across financial markets, including crypto. For instance, a sharp decline in job openings last year led to a weaker dollar and Bitcoin rally. Conversely, stronger-than-expected job numbers have reinforced hawkish Fed expectations, pressuring Bitcoin. I believe there's a higher probability that the JOLTS report will come in weaker than expected, which could lead to a short-term rally in Bitcoin and gold. However, if the report is stronger than anticipated, we might see temporary selling pressure in the market. What is your idea!? Today's positive news was " Trump Plans Order to End Crypto Banking Restrictions ". In general, Trump's statements no longer affect the crypto market as much as before. Do you agree with me? ------------------------------------------------------------------------- Now let's take a look at the Bitcoin chart on the 1-hour timeframe and use technical analysis tools . Bitcoin is moving in the Resistance zone($84,130_$81,500) and near the 200_SMA(Daily) . According to Elliott Wave theory , Bitcoin has completed five down waves , and we should wait for the next up waves . One of the signs of the end of wave 5 is the presence of a Regular Divergence (RD+) between two consecutive valleys . According to the above explanation , I expect Bitcoin to re-attack the Resistance zone($84,130_$81,500) after a downward correction and attempt to fill the CME Gap($86,400_$84,200) . Note: If Bitcoin can move above $87,200, we can expect the start of an uptrend. Note: We should expect a bigger drop if Bitcoin falls below $72,000. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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.
Long
by pejman_zwin
18
" Final Thoughts on BTC Price—Where Is the Top? "Hello Traders 🐺 Yesterday, I opened the BTC chart and said to myself: "Alright, it's time to analyze BTC's price target, find out where the top of this bull cycle could be, and understand how this might impact Altcoin prices." If you’ve read my last idea about BTC.D, you already know that the more BTC rises, the more dominance it takes—pushing BTC.D higher. However, this heavily depends on how well Altcoins, especially ETH, perform during the market uptrend. Long story short—let’s break it down! 🔥👇 According to the chart, every bull cycle has nearly ended around the top of the uptrend curve. In my opinion, this time won’t be any different. But here’s the interesting part: 👉 When BTC reaches its new ATH (around $140K), the bear market low should also be higher than before—thanks to these two uptrend curve lines. What About ETH & Altcoins? Will They Reach New Highs or Just Lag Behind BTC? If you check the ETH/BTC and Total Altcoins/BTC charts, you’ll be shocked! 😱 They are completely oversold, with no more room to drop further. Meanwhile, BTC.D’s bull cycle is nearly at its peak! (Check my last idea, and you’ll see why this is a huge deal.) What’s the Best Strategy? 💡 Split your portfolio: 50% BTC 50% Altcoins This way, you can accumulate more BTC during Altcoin Season—where you exchange overvalued BTC for undervalued Altcoins to maximize BTC gains by the end of the season! 🚀 I hope you found this insight valuable! Don’t forget to like & follow for more. 👊🔥 🐺 KIU_COIN 🐺
INDEX:BTCUSDLong
by Kiu_Coin
XAUUSD Analysis: Potential Zigzag (ZZ) Corrective Wave TargetingThe current price action on XAUUSD suggests that the retracement phase may still be ongoing. Based on Elliott Wave theory, the structure appears to be forming a Zigzag (ZZ) Corrective Wave, a common corrective pattern in the market. Here's a detailed breakdown of the analysis: Wave A and Wave B: Wave A has completed, and Wave B appears to have retraced within the expected range, respecting Fibonacci retracement levels. Wave C Projection: If this structure is indeed a Zigzag (ZZ), Wave C could extend to 100% of Wave A, which places the target at 2675. This target aligns closely with the 61.8% Fibonacci retracement level of the prior swing low, a significant confluence zone often observed in corrective waves. Key Levels to Watch: Resistance at the 2675 level, which also aligns with the 100% extension of Wave A. Support levels around the 38.2% and 23.6% retracements, which could act as interim pullback zones. Market Implications: If the price reaches the 2675 level, it could signal the completion of the corrective pattern, paving the way for the next impulsive move. However, if the price fails to reach this target, it may indicate an alternative wave count or a shallower correction. Strategy Considerations: Monitor price action near the 2675 level for potential reversal signals. Use Fibonacci retracements and extensions to refine entry and exit points. Always manage risk with appropriate stop-loss levels and position sizing. This is a great opportunity to see Elliott Wave theory in action. Let’s observe how the price unfolds and whether it adheres to the projected pattern. As always, trade cautiously and stay disciplined! #XAUUSD #ElliottWave #ZigzagWave #TradingView #FibonacciAnalysis
OANDA:XAUUSDLong
by Tanakorn_Koomrampai_CMT_CFTe