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Elliott Wave

TRBUSDT → High probability of a false breakoutBINANCE:TRBUSDT.P is testing resistance in the 38,700 range as part of a rally. The current strong movement may end in a false breakout... TRB is forming a distribution pattern. After exiting consolidation, the price rallied 16%, exhausting its potential for further growth. A false breakout of resistance could trigger a correction. Bitcoin looks controversial in the overall situation. After a false breakout of the 110K resistance, the price is consolidating below the level. If the flagship correction begins, it may also trigger a correction in altcoins... Resistance levels: 38,700 Support levels: 35.98, 33.65 If the price fails to consolidate above the level and continue to rise, this will confirm the absence of bullish potential. A false breakout and price consolidation below 38.700 will trigger a correction to 36 - 33 Best regards, R. Linda!
by RLinda
NZDUSD - growth ended with a false breakout NZDUSD makes a false breakout of resistance after strong growth in the Asian session. The dollar is correcting a bit before the news at this time, which may give a chance for the currency pair to correct Scenario: Strong growth of 2.3% is tempered by a false breakout. The price is not ready to continue rising. Consolidation of the price below 0.60200 may intensify the sell-off and trigger a correction to the support at 0.5969 (0.5)
Short
by AndeWave
23
NIFTY - EW ANALYSIS. MULTIPLE TIMEFRAME. 🔍 NIFTY 50 Technical Analysis (Elliott Wave-Based) 🗓️ Chart Date: May 27, 2025 | 📈 Timeframe: Intraday/Short-term 🧭 Wave Structure Overview Left Chart (Higher Timeframe View) Wave I to V (impulse) is clearly completed, indicating the end of a bullish cycle. The current correction phase has begun — ABC pattern: ✅ Wave A completed (sharp downside drop). 🔄 Wave B completed (retracement upward). ⏳ Wave C is in progress (impulsive fall expected). Right Chart (Shorter Timeframe Confirmation) The B-to-C leg is developing as a five-wave impulsive structure. Currently, NIFTY is at the early phase of Wave III of C. Trigger level: 📉 Below 24,720, the Wave 1 of BC is breached – confirming the breakdown. Once confirmed, sharp fall expected in Waves III, IV, and V of C. 🎯 Key Levels 📍 Breakdown confirmation below: 24,720 🔻 Potential C wave targets (based on wave projection): 1st target: 24,300 2nd target: 23,800 zone 📈 Immediate resistance: 25,000 – 25,100 (wave B high) 💡 Trading View Bias: Bearish (ABC correction underway) Action Point: Start short trades once price breaks below 24,720. Pattern Confidence: High, as both timeframes confirm wave structure. 📌 Summary NIFTY has completed a 5-wave bullish structure and is now in a corrective ABC phase. The current B-C leg is unfolding as an impulsive 5-wave move. A breakdown below 24,720 will confirm aggressive selling in Wave C with potential to reach 23,800–24,300. Ideal setup for swing short trades once breakdown is confirmed. ⚠️ Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk; please consult with your financial advisor before making any decisions. The author assumes no responsibility for any losses incurred.
NSE:NIFTYShort
by shiva560060
MetaSo far Meta has been following the analysis very nicely. Price came up just short of the 1.618 extension and the 0.786 retracement fib of A. Since then, it has started to move lower and poked below the target box. We could technically get another poke higher to tag the 1.618 but it isn't required. We do have hidden bearish divergence on MACD as you see MACD made a higher high, but price did not. If we can start to get some overlap lower as well as breach the 1.0 @ $597.17, that will be a good sign that the top is in fact in. If we have topped, we should be looking to the $420-$320 area for the completion of minor C wave. Minor C should take around 2 months or so to complete if it is to follow the lead of A & B. I feel this is all pretty straight forward so I will leave it at that. Please let me know if you have any questions.
NASDAQ:META
by TSuth
SUI/USDT – Two Scenarios in Play: Impulse or Ending Diagonal?SUI is at a key decision point on the 4H chart. The current structure may either be: a classic impulse wave, with wave (5) still incomplete, or a bearish ending diagonal, suggesting the uptrend is losing strength. If this is an impulse, price could continue toward the upper boundary of the wedge to complete wave (5). However, if this is an ending diagonal, a sharp breakdown could target the support zone around $2.93, near wave (2). 📌 Stay cautious until a breakout or breakdown confirms the direction. 🕰️ Timeframe: 4H (Binance) 📉 Key support: $2.93
Short
by CakirInsights
Bitcoin : Impulse up or Flat Trap!?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! BTC has staged a solid move off the May 25 low — but the context matters. We’re facing two distinct, high-stakes scenarios here: one bullish, one bearish. What happens next hinges on whether the May 25 rally is the start of a new impulse or the final leg (C wave) of an expanded flat off the all-time high. Structure Breakdown Bearish View: We’re completing a textbook expanded flat from the ATH: A wave started May 23 B wave pushed to a lower low. C wave began May 25 and is likely wrapping up now If valid, this sets the stage for a powerful Wave 3 down. Bullish View: The May 25 low marked the end of a corrective phase: Rally from that low is an impulsive Wave 1 A pullback to the 108k golden zone would represent Wave 2 Wave 3/C up could follow from that base What to Watch The area around 108,000–107,100 is a magnet. If price retraces into this zone with a corrective look and holds, bulls could be in control. But if we roll over hard from here, it supports the expanded flat thesis — and a much deeper move likely follows. Outlook This is a moment for sharpen focus. The chart structure is clean, but the outcome isn't binary until we see what kind of retrace (if any) forms. Watch 108k like a hawk. If bulls defend it, there’s room to talk new highs. If we break impulsively from here, expect acceleration lower — fast. Trade safe, trade smart, trade clarity.
COINBASE:BTCUSDShort
by CryptoKnee
1
TCS – From Correction to Acceleration?TCS appears to have completed a textbook Zigzag correction (A-B-C) ending at ₹3056.05 — right at the long-term trendline support that has held since 2020. From this base, the structure is now forming a clean impulsive sequence : Wave 1 topped at ₹3630.50 Wave 2 retraced to ₹3451.30, holding between 0.236–0.382 retracement zones The current rally may be the start of Wave 3, with fib projections targeting the ₹4025–4380 zone Supporting evidence: Strong RSI bullish divergence at the March low Breakout above ₹3630.50 would confirm Wave 3 ignition Invalidation: Break below ₹3056.05 would invalidate this count and suggest a larger correction. Tools Used : Elliott Wave, Fibonacci, RSI Timeframe : Daily Weekly timeframe view attached below for broader context: This is a technical analysis for educational purposes only and not financial advice. Part of the ongoing #WaveTracker series. Documenting Elliott Wave progression across major stocks.
NSE:TCSLong
by WaveXplorer
3
USDJPY – Targeting Structure Break for ABC Sell Setup 📉 USDJPY – Targeting Structure Break for ABC Sell Setup 📉 🔹 Timeframe: 30M 🔹 Methodology: Elliott Wave + AO + Structure Break + BBMA ⸻ 🔍 Current Market Outlook: I’m currently observing Wave 4 playing out as a complex correction. Price is pushing toward the key level 142.796, which I expect to break structure (BOS) to the upside. Once that level is cleared, I’ll be watching closely for signs of an ABC corrective move to form — setting up a high-probability sell opportunity aligned with the final Wave 5 leg. ⸻ 🧠 Key Technical Highlights: ✅ Wave Count: • Wave 3 is confirmed by the strongest momentum on the AO • Wave 4 is unfolding and approaching structure at 142.796 • AO shows decreasing bullish momentum, hinting at possible exhaustion ✅ Plan: • Wait for break above 142.796 • Monitor for completion of ABC correction • Enter short after C-leg confirmation • TP at 1.618–1.786 Fib extension zone (141.818–141.614) • Anticipating bullish divergence on AO by the end of Wave 5 ⸻ 📌 Confluence Checklist: ✔️ Wave theory ✔️ BOS expected ✔️ Fibonacci targets ✔️ AO divergence setting up ✔️ BBMA structure alignment ⸻ 🎯 Strategy Summary: Break 142.796 ➝ Spot ABC ➝ Enter short on C ➝ Ride Wave 5 ➝ TP @ extension zone ⸻ 💬 Share your thoughts—Are you seeing the same potential Wave 5 setup? Let’s discuss. 👉 Follow me for clean structure-based analysis, BBMA setups, and advanced wave insights. #USDJPY #ElliottWave #ForexSetup #WaveAnalysis #BBMA #AOindicator #MarketStructure #BreakOfStructure #SmartMoney #SellTheRally #Wave5 #ForexStrategy
Short
by AwesomeOscDad
GOLD → Consolidation. Retest of support before growthFX:XAUUSD is strengthening due to a complex fundamental backdrop. A false break of support at 3285 allows the price to update its local high to 3365. Gold fell moderately from a high of $3365 amid weak activity due to holidays in the US, despite the weak dollar. Investors are taking profits ahead of US inflation data. Pressure is also linked to hopes for a trade agreement between the US and Japan. However, the decline in prices is limited — geopolitical tensions, US budget problems, and instability in the Middle East are keeping demand for gold as a safe-haven asset. Support levels: 3321, 3308, 3300 Resistance levels: 3363 Technically, gold is making a false breakout of consolidation resistance and is entering a correction phase, during which the price may test liquidity below 3320-3303 before continuing to rise. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
10
USDCHF → Retest support with the aim of breaking throughFX:USDCHF is also losing ground amid the dollar's decline. The price is testing the support of the range, a break of which could open the way to 0.811 USDCHF is consolidating, but at the same time, a local downward channel is forming. The currency pair is retesting support within the current downward movement. A pre-breakdown consolidation is forming relative to 0.819. The fall of the dollar is having a corresponding effect on the price. Before continuing its decline, the currency pair may form a retest of 0.5 Fibonacci or close the FVG Resistance levels: 0.825, 0.8275 Support levels: 0.819, 0.8117 The downward structure will break down when the price leaves the downward channel. However, at the moment, while the price is consolidating at the bottom of the trading range, I expect a breakdown of support in the short term, followed by a continued decline to 0.811 - 0.805 Best regards, R. Linda!
Short
by RLinda
4
EUR/USD 1H AnalysisWhat we’ve got here on EUR/USD looks like a clean Elliott Wave setup shaping up. There’s a strong 5-wave move up that likely forms Wave 1, followed by a simple ABC correction — that gives us Wave 2. Now price is reacting from that C point, and this could be the beginning of Wave 3, which is usually the most powerful part of the trend. 🟩 Entry Zone: 1.114 – 1.12 🎯 TP: 1.14 🛑 SL: 1.109 ⚖️ Risk/Reward Ratio: 1:3 💡 Note: Always manage your risk and confirm with your own analysis before entering any trade. Keep an eye on it — could be a solid setup if it confirms. Drop your thoughts if you're trading this too 👇
by TheWaveHunter
1
EURUSD Breaking Above Resistance Line; Wave 5 In PlayEURUSD moved nicely higher in April, into the 1.15–1.16 area, a resistance where pair slowed down at the end of wave 3, that put retracement in play. However, a pullback has been made in three waves, so its seen as temporary within the broader uptrend. We saw some deeper retracement down to 1,1, near the 38.2% Fib from where we can see some nice turn up, above the trendline resistance so it appears that bulls are in play for wave 5. Therefore, be aware of more upside afte some intraday dips. Support is at 1.1266 area. GH
by ew-forecast
Sideways Still in Play for ETH After RejectionIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Recap Ethereum just tapped into a key Area of Interest and got rejected. The move confirmed short-term resistance while keeping the broader wave structure intact. Although no clear breakdown has followed, the rejection signals that the asset is still mid-cycle. The expectation now is for a sideways consolidation. This aligns with a developing wave 4, but the price action ahead will determine how this structure unfolds. Wave Structure At present, the count favors a completed wave 3 followed by a wave 4 that is still forming. The rejection at the AOI fits the narrative of a corrective structure underway. Whether that plays out as a triangle or a flat will depend on how the next legs print. Key markers are in place: AOI was respected No breakdown of the prior key support level Above the 0.382 to 0.5 retracement zone remains in focus as a reaction area Should price expand beyond typical retrace/time boundaries, the degree of the count may need to be adjusted. A more complex correction or a deeper reset could shift the current interpretation from a wave 4 into something more substantial. Outlook • Rejection confirms resistance • Expecting sideways movement to continue • Watching the 0.382 to 0.5 zone for key price behavior • Price action will determine the next wave structure • If momentum expands rapidly, degree reassessment is on the table Ethereum’s current posture suggests a market in digestion mode. Whether this leads to a launch into wave 5 or deeper corrective behavior, the next prints will be critical. No confirmation of bullish continuation yet. More updates soon as the next leg develops. Trade safe, trade smart, trade clarity.
COINBASE:ETHUSDLong
by CryptoKnee