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Elliott Wave

GBPUSD → Channel breakout. Attempt to change the trendFX:GBPUSD finds an opportunity to grow. A breakout of the local trend resistance is forming amid the dollar correction. Zones of interest: 1.300 The retest of the intermediate bottom ends with reversal candlestick patterns and market reversal structure. The big question is: How long will it last? It all depends on the dollar. The US market received negative jobless claims data yesterday, which may also affect the NFP, which will be released later today. A worse-than-expected data will intensify the dollar correction, pointing to the problems in the economy (against what Powell said recently). In such a scenario, forex currencies may get a chance for a small rally. Technically, a channel breakout is a good signal that could turn into a strong momentum, but apparently traders are not in a hurry yet.... Resistance levels: 1.284, 1.300 Support levels: 1.272, 1.261, 1.2488 Accordingly, if a false breakout of resistance is formed and the price falls beyond 1.272, then we should expect a decline to 1.24. But at the moment there are positive signs to gain from 1.275 to 1.300 in the medium term. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPUSD ;) Regards R. Linda!
Long
by RLinda
8
this is not so good for us in general.so after breaking psychological level like 100k this always happens.. now what we can guess is that since it dropped real hard. this can be wave C but with longer 3 and short of 5. thats why i put c above the low level. if we can support around 92000 is good but if we cant support well.. this way we may see going down around 85000. or if we count this as starting of consolidation from 102000 then we have to draw triangular pattern.. so lets see how it plays.. if we can just go up straightly then its pretty good and strong for the market.... i will update with real time analysis.
by Bincoti_trade
GOLD → Consolidation before a strong movement. But where to?FX:XAUUSD continues to consolidate and we have questionable preconditions that indicate both a possible fall (fundamental background) and growth (technical background). Gold is holding back after Fed Chairman Powell's speech: The US economy is in remarkably good shape.We are moving very quickly with rates. "I am very pleased with where monetary policy is right now" Unemployment is still very low and progress is being made in fighting inflation The focus remains on the jobless claims data and NFP at this time Technically, the focus is on consolidation in a locally rising channel format. A price exit from the channel in either direction may be accompanied by a strong impulse. Resistance levels: 2655, 2660, 2688 Support levels: 2636, 2620, 2605 Two scenarios due to mixed and stalemate situation: black: Powell commented on the situation as strong enough for the US market, accordingly, gold is forming a consolidation in a flag format, which is technically a pattern for a continuation of the fall. blue: On D1 there are prerequisites for local growth. If the price breaks 2655, then 2660, the growth may continue to the zone of interest 2688. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
15
HBAR complex correction? After a historic rise of over 700% from the recent bottom, HBAR has retraced from around 40 cents, corresponding to the 0.618 fib extension level to its all-time high. Whether this constitutes an Elliott Wave 4 or not, it forms a parallel channel. Parallel channels often suggest complex corrections, so this could be labeled as WXY or WXYXZ unless it clearly exhibits the characteristics of a diagonal triangle (with an extended wave 5). If the channel's lower edge holds, HBAR might find support at the 0.382 fib extension level, around 25 cents. Otherwise, 21 cents would be another key support level to watch (an upper timeframe image will be attached below). Considering the current market conditions, a bullish continuation is likely. Therefore, passionate HBARians, including myself, may still have a chance to buy the dip.
CRYPTO:HBARUSDLong
by jackrabbitrage
3
A case for long term investment and DCANYSE:VALE Is at an inflection point. It is a stock I have been watching for a long time as it has a nice Elliott wave pattern (If correct) Here I present the Weekly chart as I consider it for my long term portfolio (3+ years BUY and Hold) Although the chart presented here looks great (Read: Phenomenal), as an analyst utilising multiple methods, the story does not unfold as easily as I'd like. As can be seen in the snapshot below there are multiple 'anomalies' still outstanding at those green zones on the magnified weekly chart. They may or may not be filled, but our awareness of them should cause us to move forward with caution. On the Elliottwave side of things, there are two ways of looking at this. Either the recent top at ~$23 was wave i of 3 of (3) or the top of Primary w(1). If the latter is true then we will likely drop lower in to one of the green bands. So the question remains - how do we take advantage of this given a drop to just above $3? 1) You can Dollar Cost Average in at each stage distributing your allocated capital 2) Wait for a bounce in a five wave move and enter at the correction for w2 of that bounce. Use the low for a stop loss. There is no perfect way to manage the unknowns, you can only manage your primary objective, which should be to safeguard your capital - If you want to know my thoughts on NYSE:VALE and other names give this a boost and follow. best of luck!
NYSE:VALE
by investornomics
3
SOLANA → Consolidation before the rally continuesBINANCE:SOLUSDT is consolidating after a strong rally. This is a generally positive sign for continued growth as the altcoin season is in full swing. It may take some time to overcome the previous ATH Within the current move, Solana updates the ATH and forms a false breakout, which closes the coin in a channel, but not for long. A consolidation of 265 - 221 is forming within a strong bull market. The coin has several drivers: Trump, favorable background of his policies, talks about the fund, bullish BTC, which is already testing 105K and so on.... Technically, until the consolidation is over the movement will not continue. the trigger for continued growth could be the area of 250 - 265. The breakout and holding of the defense by the bulls above these zones could be good signals for further rally, as above 265 is empty and there is no resistance Support levels: 222, 205 Resistance levels: 239.6, 245.3, 264.4 I do not exclude the fact that a false break of support may be formed, but the market is generally bullish. accordingly, the current situation can be viewed from several angles: buy on a pullback or buy after a break of resistance with the aim of further growth Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:SOLUSDT ;) Regards R. Linda!
Long
by RLinda
10
NATGAS_1Dhello Analysis of natural gas in the daily and mid-term time frame based on the Elliott wave analysis style, after completing 5 rising waves, the market can enter a correction and move towards the number 2.222, which is a strong support in the long term, and companies, Countries complete their long-term buying in this area. For the next rising waves, currently the front resistance is 3.130 and the next number is 2.950, and when the price is below these numbers, the wave of correction and decline It can start and move towards the number 2.222
SKILLING:NATGASShort
by Elliottwaveofficial
4
BITCOIN → The market is getting ready to pass 100K. New targets?BINANCE:BTCUSD after a strong rally is consolidating without the possibility to form a deep correction, which indicates that the coin is ready to update the highs and go higher, for example, to 100-105-110K. Despite the fact that bitcoin is losing its dominance in the market and it is possible to say that the alt season is open, the flagship of the cryptocurrency market has a huge potential to continue the rally. At the very least, the market is interested in reaching 100K, from which we are one step away. Fundamentally: whales continue to accumulate the asset, buying up at every opportunity. Trump with his policies on cryptocurrencies is still a strong driver for the flagship and the cryptocurrency market as a whole... Technically: The recent local correction is just a trap to gather liquidity before further growth. Pullbacks are now attracting large institutional buyers Resistance levels: 99K, 100K Support levels: 94.7K, 91.25K, 89.2K An ascending triangle can be seen on the chart, which can be interpreted as a buyer's interest in breaking the resistance. The bulls continue to put pressure on the market. Trigger 99K. If this zone is broken, bitcoin could go to 105K Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;) Regards R. Linda!
BINANCE:BTCUSDLong
by RLinda
43
Ripple (XRP) Chart Analysis: Double Bottom, ETF Talks, Fractals.The XRP/USD weekly chart displays a pattern resembling a double bottom. If confirmed, technical analysis suggests a possible price target exceeding $3.93. Additionally, anticipated discussions about Ripple ETFs could potentially influence the price upwards. Some analysts also identify a fractal pattern similar to the 2017 Elliott Wave suggesting the possibility of an even higher price target based on historical comparisons.
BITSTAMP:XRPUSDLong
by ParabolicP
4