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Elliott Wave

Gold Price Analysis: Key Levels and Potential Reversal ZonesFXOPEN:XAUUSD Gold Price Analysis: Key Levels and Potential Reversal Zones The chart displays the price action of CFDs on Gold (US$/OZ) on a 4-hour timeframe. The chart is annotated with various technical indicators and concepts, including Break of Structure (BOS), Change of Character (ChoCH), Fibonacci retracement levels, and volume profile. Price Action Analysis: The chart shows multiple BOS and ChoCH points, indicating shifts in market structure. The price has recently broken below a significant support level around 2,640.978, suggesting a bearish trend. Smart Money Concepts (SMC): BOS and ChoCH annotations highlight key areas where institutional traders might have entered or exited positions. The recent BOS at 2,640.978 suggests a potential continuation of the downtrend. ICT Elliott Wave Analysis: The chart shows potential Elliott Wave patterns with corrective waves forming within the highlighted Fibonacci retracement zones. The 0.382 (2,659.5136) and 0.786 (2,594.0628) Fibonacci levels are key areas to watch for potential reversals. Volume Profile: The volume profile on the right side of the chart indicates high trading activity around 2,726.130 and 2,601.810, which can act as resistance and support levels, respectively. Indicators: The MACD histogram at the bottom shows a mix of red and green bars, indicating fluctuating momentum. Buy Strategy: Entry: 2,601.810 (near the support level and high volume area) TP1: 2,640.978 (previous support turned resistance) TP2: 2,659.5136 (0.382 Fibonacci level) SL: 2,582.264 (below the support level) Sell Strategy: Entry: 2,640.978 (previous support turned resistance) TP1: 2,601.810 (support level and high volume area) TP2: 2,594.0628 (0.786 Fibonacci level) SL: 2,659.5136 (above the 0.382 Fibonacci level) Follow @Alexgoldhunter for more strategic ideas and minds This detailed analysis incorporates various trading strategies, including Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave strategies, to formulate comprehensive buy and sell strategies. The indicators displayed on the chart, such as Fibonacci retracement levels, volume profile, and MACD, support the analysis and identify key levels for entry, take profit, and stop loss.
TVC:GOLD
by Alexgoldhunter
XRP - 1D Elliott Wave AnalysisGreetings, this is my back-up count for XRP in case of a breakdown of the Elliott Wave Triangle which was discusses in the previous analysis. I'd highly recommend reading the primary analysis first which is linked below as a note! In case the Elliott Wave Triangle doesn't play out and we enter a deeper correction in which we'd assume that the green Wave 4 is an ABC or WXY instead. The Wave 4 support sits between the 0.236 FIB at 1.8021 USD and the 0.618 FIB at 0.8301 USD even tho we would prefer to not drop below the 0.5 FIB at 1.0547 USD. We assume that the red Wave A and B or W and X are already finished and we are working on red Wave C or Y. The targets for this red Wave C or Y are the 1 to 1 FIB at 1.7817 USD. the 1.236 FIB at 1.6113 USD, the 1.38 FIB at 1.5154 USD and the 1.618 FIB at 1.3693 USD. Noteworthy is that the 1 to 1 FIB target for the red C/Y Wave at 1.7817 USD sits close to the 0.236 FIB at 1.8021 USD of the green Wave 4 support area which could function as first support for a bounce which would either start the move up in green Wave 5 or start a new corrective move to extent the correction. Additionally the 1.618 FIB at 1.3693 USD which is the optimal target for the red Wave C/Y sits around the 0.382 FIB at 1.3400 USD of the green Wave 4 support area which is the optimal target for a correction in a Wave 4. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
DAX: Watch 20100-20200 Resistance For A Sell-offThe German DAX is trading slowly for the last few days, here beneath the 20,000 level, which clearly acts as a strong resistance zone. However, I wouldn’t be surprised if more liquidations occur slightly higher, around the 20,100 mark. Because what I’m observing is a minor triangle within current recovery, and these patterns are typically in the middle of smaller trends. This suggests that we might still be missing one final leg in wave B to complete the recovery from December 20th low. After that, a strong bearish reversal could still show up on the DAX, possibly sometime this week. Be prepared and aware of the potential for a deeper correction ahead. GH
PEPPERSTONE:GER40Short
by ew-forecast
Gold is Ready to Fall Again==>>Short-term!!!As I expected , Gold ( OANDA:XAUUSD ) started to fall from Resistance zone($2,670-$2,653) , Potential Reversal Zone(PRZ) and 50_SMA(Daily) . Gold is moving near the Support zone($2,639-$2,630) . Educational Tip : Gold also fell in terms of Price Action with the help of a Bearish Quasimodo Pattern . According to the theory of Elliott waves , gold seems to have completed the main wave C with the help of the Ending Expanding Diagonal at the Resistance zone($2,670-$2,653). I expect Gold to break the Support zone($2,639-$2,630) and Support lines and fall again. Of course, the Long position around $2,634 can be attractive (for the short term) . Overall, in my opinion, the best Stop Loss(SL) for a Gold short position can be $2,656. ⚠️Note: If Gold breaks the Resistance line and touches $2,656, we should expect Gold to rise further.⚠️ 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; 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.
OANDA:XAUUSDShort
by pejman_zwin
1
GOLD → Pressure from the bears. Why are we falling?FX:XAUUSD does not react to strong support levels. The bulls, despite the positive background for them, could not keep the defense above the key structure. Weak structure on the D1 timeframe. A complex structure is forming on the D1 indicating that the uptrend support is under pressure. That is, if this area is broken, there could be momentum in the market through capitulation. Fundamentally, the market is not reacting to the escalated situation in the middle east and eastern Europe, accepting what is happening at the moment. China has promised increased financial support for the economy and this could attract new capital into the gold market. Markets are likely to trade cautiously as they prepare for a series of labor market data from the US later this week. Resistance levels: 2637, 2648, 2664 Support levels: 2615, 2606, 2600 Technically, the price is inside the local ascending channel, but in the selling zone. Due to bearish pressure, the price may head down and test the 2600 area. But where to go from here? The reaction to the 2600 area after the retest will tell us. Regards R. Linda!
FX:XAUUSDShort
by RLinda
12
Ripple Is Still Eyeing All-Time HighsRipple is in strong and impulsive rise after we spotted a bullish break out of a larger weekly bullish triangle pattern. It's actually already at 2.9 area and there can be easily space up to 3.3 all-time highs area. Looking at the 4-hour time frame, we saw a nice extension higher within wave (3), so after current wave (4) correction that can be completed as a nice and clean A-B-C flag pattern with textbook support from 2021 highs, be aware of another push to the upside for (5). Just in case if Ripple stay sideways for a longer period of time, then we might even consider a bullish triangle pattern in wave (4), but sooner or later we can expect further rally within wave (5) towards all-time highs area. Why XRP Is higher? The reason for this push higher on ripple, which has been outperforming in the last few weeks, is the upcoming launch of Ripple USD (RLUSD). Ripple USD (RLUSD) is a new stablecoin aimed at bridging blockchain and traditional finance. "Designed for enterprise use, RLUSD focuses on stability, efficiency, and transparency, enhancing Ripple’s cross-border payments and meeting the demand for USD transactions".
BITSTAMP:XRPUSDLong
by ew-forecast
1
USDJPY → Consolidation before continuing growthFX:USDJPY is consolidating after strong growth. A promising dollar and weak japanese central bank policy form a medium-term bullish potential in the currency pair The currency pair returns almost all of the strong fall associated with last year's course of rate cuts in the U.S., rate hikes in Japan and interventions that were actively conducted by the Central Bank of Japan. What was the outcome of all the actions? It was all in vain. The price turned around and almost approached 162.0. At the moment the emphasis is on consolidation, which has been forming for several weeks. We have clear boundaries, trend and strong levels to use in our trading. Resistance levels: 158.1 Support levels: 156.74, 155.88 The trigger for me is the resistance at 158.1. A breakout and price consolidation above this level will be a confirmation that we are ready to move further towards ATH. I do not exclude the fact that now the price may not be let in and the currency pair will form a correction to the consolidation support before further growth Regards R. Linda!
Long
by RLinda
2
ETH Zigzag Short Setup (Elliott Wave)ETH has created a perfect zigzag pattern, with a triangle for wave-B. Since wave-B is a limiting contracting triangle, wave-C should relate to wave-a of B by 100% in price, and end around the apex of the triangle timewise. Both of these requirements have been perfectly fulfilled, and the standard time target of (a+b)/2=c is also satisfied. On top of this wave pattern, we also have the first wiseman forming on the 4hr, as well as momentum divergences on multiple shorter-term charts. At the higher timeframes, ETH and BTC have both hit long-term fibonacci targets, time targets, monthly/weekly/daily wisemen, and momentum divergences. All of these long-term and short-term signals and wave patterns are indicating a potential long-term top, and at the least a significant pull back to new lows. The 4hr wisemen on ETH gives us a good way to minimize our risk on this trade by putting our stops at today's highs. From here, we should quickly retrace all of wave-C faster than it was formed to get confirmation that the zigzag is over. After we have confirmation, we can be very confident that we are heading to new lows and will probably end this wave somewhere around $3,090 to $2,770
Short
by Intuit
1
Coinbase UpdateIf you decided to follow me in the trade with COIN, then you're up 9.7% at this time. I am forecasting this pattern to take us to the target box for about a $60/share or 23.5% profit. I cannot guarantee this, so make sure and trade according to your own risk management profile. Right now, I have my stop limit set @ $255 which guarantees at least some profit. This pattern will ideally be in the form of a 3-wave structure. A standard abc retracement will hit the area of the 0.382, then the 0.236, followed by a move to the 0.618-0.786 area. Again, that is if it is to be standard. We don't yet have confirmation that wave b has indeed started, so there is still a chance that price has intentions of visiting the 1.618 @ $243.34 again. I don't foresee this at this time, but it is possible. Once price can breach $284, I will remove the yellow fibs. This is the big clue that points to wave a being over. For those wondering, this intermediate pattern fits very well for the larger ED pattern. It would fit even better if price can manage to raise to the 0.786 @ $324.48. Either way though, if it manages to raise to the target box, it will set up wave (4) very well...for both the primary and ALT target boxes...
NASDAQ:COIN
by TSuth
BIG BIG weekI think 7 FED speakers, A lot of tension in the markets, tops mean polarisation, considering reflexivity theory extreme volatility will ensue. A lot of people might think the -0.786 ATH we got before the holidays is the top. I think they are mistaken as seen in the analysis below. There is still legroom for higher, this is a big bet on my part. I have a few contracts on the mag7 (GOOGL, TSLA and META) focusing on GOOGL since they seem to be in the same headwind as S&P Let's see how this plays out
CME_MINI:ES1!Long
by Osmanomics
DOGE Paws and Reflect: corrective or new impulse?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! DOGE’s recent price action has us wagging our tails in anticipation. However, the current pattern suggests that the bulls might need to sniff out some serious momentum to keep upward continuation on track. With the potential triangle pattern now behind us, here’s where DOGE stands: ### Key Levels to Watch 1. **0.35 - The Ideal Bone to Chew On:** This level is the sweet spot for maintaining a bullish outlook. If DOGE can hold 0.35, it keeps the door open for a potential rebound and a chance to bark back at resistance. 2. **0.30 - The Last Leash for Bulls:** Should 0.35 slip through the paws, 0.30 becomes the final defense. A drop below this level could leave the bulls chasing their tails as bearish momentum takes hold. 3. **0.41 - The Alpha Level:** This is the key resistance zone. If DOGE can break above 0.41, it could mark the start of a new upward sprint. A rejection here or below the level, however, might have the bears howling with delight. ### Scenarios to Consider - **Bullish Continuation:** DOGE breaks free above 0.41, signaling that the bulls are back in the driver’s seat, possibly targeting new highs. - **Bearish Breakdown:** A failure to hold 0.35 or a deeper slip below 0.30 would likely mean DOGE is heading into a doghouse of corrections, with bearish momentum wagging its tail all the way down. ### Final Thoughts The DOGE pack is at a critical crossroads, and the next moves will define whether the bulls can retrieve control or if the bears are about to sink their teeth into the action. Stay sharp, keep your levels in focus, and don’t let this market collar you.
Long
by CryptoKnee
FARTRCOIN losing...steam?..no... gas!?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! #Fartcoin Analysis: Key Levels and What’s Next When it comes to Fartcoin, the recent price action has been, well, a real gas. There are several ways to interpret the current move, but one thing that stands out is the sharp swing up from the 0.773 level. With in this move we can see good separation between corrections, catching the eye as a potential impulse. But if this swing was the orthodox end of a larger degree downtrend, we might still expect one more wave 4 and wave 5 to complete the structure. The 1.30 Level: Breaking Wind or Breaking Through? The key area to watch is 1.30. Historically, this level served as resistance but flipped to support during the last leg up. Recently, however, Fartcoin has broken structure by dipping below this level, taking out the previous wave 4. While this isn’t a confirmed game-over moment for the bulls, it’s not exactly a breath of fresh air either. To keep the momentum alive, the bulls need to retake 1.30 and push upwards decisively. Otherwise, this rally might just be running on fumes. What Happens If 1.30 Fails? Should Fartcoin fail to reclaim 1.30 and instead break further below, a retest of this level from the underside would likely solidify the bearish case. In this scenario, it might be time to consider a short position, as the rally could officially let one rip—straight to lower levels. Scenarios to Watch Bullish Redemption: Price retakes 1.30, flipping it back to support, and continues upward. This scenario would validate the potential for further impulsive moves and a continuation of the uptrend. In other words, Fartcoin could blow past expectations. Bearish Breakdown: Price breaks below 1.30 and retests the level from the underside. This would indicate a loss of bullish control and a potential shift to a deeper correction or a full reversal. It’s the kind of situation where the market might just leave bulls holding their noses. Final Thoughts While Fartcoin’s recent moves have been impressive, the current structure is at a critical juncture. Whether it’s going to explode back upwards or blowing the rally to pieces, the 1.30 level will be pivotal in determining the next direction. Bulls need to regain control, but if they fail, it could be time for the bears to toot their own horn. Trade safe, trade smart, trade clarity.
Short
by CryptoKnee
ADA/USDT: Potential Reversal with SMC and ICT StrategiesBINANCE:ADAUSDT ADA/USDT: Potential Reversal with SMC and ICT Strategies Analysis: The chart shows the ADA/USDT pair on a 4-hour timeframe, published on TradingView. The chart is rich with technical indicators and annotations, including price action, Smart Money Concepts (SMC), and ICT Elliott Wave strategies. Price Action and SMC Analysis: Break of Structure (BOS): Multiple BOS points are marked, indicating significant shifts in market structure. Change of Character (ChoCH): Several ChoCH points are noted, suggesting potential reversals or shifts in trend. Volume Profile: The volume profile on the right shows high trading activity around the 1.0736 level, indicating strong support/resistance. ICT Elliott Wave Analysis: The chart shows a descending channel with multiple touchpoints, suggesting a corrective wave pattern. The price appears to be breaking out of the descending channel, indicating a potential bullish reversal. Indicators: RSI: The RSI is currently at 74.65, indicating overbought conditions but also suggesting strong bullish momentum. Volume Oscillator: The volume oscillator shows a recent spike in buying volume, supporting the bullish breakout. Buy Strategy: Entry: Enter a long position at 1.0736, which is a key support level and the point of breakout from the descending channel. Take Profit (TP1): Set the first take profit at 1.1194, where there is significant resistance as indicated by the volume profile. Take Profit (TP2): Set the second take profit at 1.1542, the next major resistance level. Stop Loss (SL): Place the stop loss at 1.0736 to minimize risk in case of a false breakout. Follow @Alexgoldhunter for more strategic ideas and minds Sell Strategy: If the price fails to hold above 1.0736 and breaks back into the descending channel, consider shorting with a target back to the lower boundary of the channel. This analysis combines price action, SMC, and ICT Elliott Wave strategies to provide a comprehensive trading plan for ADA/USDT.
by Alexgoldhunter