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Elliott Wave

ENS Nearing Completion of 1-5 or ABC Wave?ENS is likely approaching the end of either an ABC correction or a 1-5 wave structure. A minimum 3% retracement can be expected as a reaction. If the wave count is accurate, this could present a relatively straightforward trade opportunity. Watching price action for confirmation will be key! 📉📈 However, do not enter a trade without a confirmed trend breakout! Those who trade without stop-losses are the ones who lose. Risk management is key! ⚠️📉📈
Short
by BuCKaRo0
1
Triangle for BitcoinHi traders, Last week Bitcoin made an impulsive move up through the Daily FVGbut rejected from a higher Daily FVG and dropped again. After that it consolidated the whole week. This could be a Triangle. So after it's finished we could see another move down (blue c-wave) to finish the bigger (grey) WXY correction. Or the (purple) Triangle is the last Y-wave and it goes up from here. Let's see what the market does and react. Trade idea: Wait for a small correction up and a change in orderflow to bearish on a lower time frame to trade shorts. Or wait for an impulse wave up and a small correction down to trade longs. If you want to learn more about trading ICT concepts with wave analysis, please make sure to follow me, give a boost or respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. If you don't agree, that's fine but I don't need to know it. Don't be emotional, just trade! Eduwave
Short
by EduwaveTrading
Down for goldHi traders, Last week XAUUSD started up and consolidated. The corrective pattern is not finished yet so I wait for more development. Next week we could see one more move down to finish a crrection down. But let's see what price does and react. Trade idea: Wait for more development. If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. If you don't agree, that's fine but I don't need to know it. I do not provide signals. Don't be emotional, just trade! Eduwave
OANDA:XAUUSD
by EduwaveTrading
Up for SPX500USD again?Hi traders, At the start of last week the price action of SPX500USD went up as predicted in my outlook but it could not reach the higher 4H FVG and dropped to the target. The bigger (red) WXY correction could be finished. So next week we could see a (corrective) upmove to the higher 4H FVG. Let's see what the market does and react. Trade idea: Wait for a small correction down to finish and after that a change in orderflow to bullish on a lower timeframe to trade longs. If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. If you don't agree, that's fine but I don't need to know it. I do not provide signals. Don't be emotional, just trade! Eduwave
OANDA:SPX500USDLong
by EduwaveTrading
Correction down for EUHi traders, Last week EU went up just as I've said in my outlook. But I did not expect such an impulsive (almost vertical) move up (wave 3) so I've updated the wave count. Price smashed through the bearish Daily and Weekly FVG (making it a BPR) and now rejected from the bearish Daily FVG higher. So next week we could see a pullback into the Weekly/ Daily BPR and after that more upside. Let's see what the market does and react. Trade idea: Wait for the correction down to finish. You don't want to intratrade a wave 4. If you want to see more from my analysis, please make sure to follow me, give a boost or respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. If you don't agree, that's fine but I don't need to know it. Don't be emotional, just trade! Eduwave
by EduwaveTrading
1
NIFTY50..... Multi week target was achived!Hello Friends, the NIFTY50 has reached and undercut my predicted corrective target for several weeks. It fell to 21964 on Tuesday the 04th and is showing a rebound of almost 500 points! The distance of this correction is equivalent to waves c to a! Of course, the index has options to fall much lower in the coming weeks, but a "short" recovery is always possible. A break of the middle Bollinger Band signals a longer term push to the upper BB! A signal on a daily close is a minimum to see! Note that the upper Bollinger Band is pointing down and signals impending volatility. So; a target to the upside is the middle BB at 22754 and is falling 56 points (middle BB)! A break of this (4h minimum) signals a move to the upper BB @ 23571 (basis Friday close)! A break of the multi-week lows signals an ongoing correction with much lower targets in the coming weeks @ 21137 to 21821! So my esteemed friends and traders ..... We will see what the market gives in response and the updated chart is still to come, probably on Wednesday Have a great weekend ..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk.
NSE:NIFTY
by ruebennase
15
XAUUSD ( Elliott Wave Analysis ) Key Observations: Primary Impulse Structure: - The chart shows a well-defined five-wave impulse sequence, marked by numbers (1, 2, 3, 4, 5) in different degrees. - The third wave (Wave 3) appears to be extended, a common characteristic in strong trends. Sub-Wave Structures: - Within the major impulse waves, smaller-degree waves are labeled in red, orange, and green, signifying the fractal nature of Elliott Waves. - This detailed breakdown provides insights into potential micro-trends and pullbacks. Current Market Position: - The price is currently at the end of Wave (iii) of the larger degree, suggesting that a Wave (iv) correction may occur before a final push to complete Wave (v). - The projected path in dashed lines anticipates a correction followed by another rally toward a higher target. Potential Trading Implications: - If the market follows the Elliott Wave count, traders may look for a pullback (Wave iv) as a buying opportunity before Wave v. - Key support zones for Wave iv could be previous resistance levels or Fibonacci retracement areas. - Confirmation of Wave v completion could signal a larger corrective phase afterward. Conclusion: This Elliott Wave analysis suggests the asset is in a strong uptrend with potential for further gains after a minor correction. Traders should watch for retracement levels and confirmation of the final wave structure before making trading decisions.
OANDA:XAUUSDLong
by zubairmalik
BNX: After a +900% Rally, What's Next?BNX had an incredible run, skyrocketing +900% in just 19 days, completing a 5-wave Elliott Wave structure and peaking at $1.3333. Since then, the price has been in a downtrend, now approaching the critical $1.00 psychological support level. Key Support Levels The weekly open sits at $0.9387, aligning perfectly with the Point of Control (POC) from the previous trading range, making this a crucial level to watch. However, the bigger question remains—where is the next high-probability trade setup? Liquidity Below $0.8278 – There's a significant liquidity pool just below this low, making it an attractive area for potential stop hunts before a reversal. 0.5 Fibonacci Retracement ($0.7333) – Measuring the full +900% move, the 50% retracement aligns near a key support zone. Weekly Bullish Order Block ($0.7076) – A historical area of demand, adding further confluence. 1.272 Fibonacci Extension ($0.7250) – Another confirmation of a potential bounce area. Anchored VWAP from $0.1334 – Currently sitting at $0.6675, this dynamic support strengthens the buy zone. 0.618 Fibonacci Speed Fan – If the price drops towards this level by late February, it could provide additional confluence for a bounce. Potential Trade Setups Bullish Setup: If price sweeps $0.8278 liquidity and enters the $0.7333 - $0.7076 demand zone, a long opportunity with confirmation could offer a great risk-to-reward trade.
BLong
by SiDec
2
Pivoting Automatic Data Processing. ADPStrong bearish candle starts the picture painting. MIDAS cross follows, along with divergent RSX now out of OBOS territory. Would you look at that long combo on BB%PCT, now flipping to bearish. Interestingly, VZO and Ehlers Stoch RSI have been chronically divergent along the fifth wave, which is often seen. Fifth wave has often been attributed to traders big and small pushing the price beyond sustainable levels, which gets high lighted by divergences being throw off all over the place.
NASDAQ:ADPShort
by Rykin_Capital
DXY filling gaps downward - expect correction soonLooks like the dollar is filling GAPs as the chart shows. Last 2 are at 102.826 and 101.601. Follow Fibs for areas of reaction where we may get a correction.(yes fibs go beyond 1.618) Look for the correction very soon, if we have one, to go as high as 105.5-ish. It should NOT correct higher than that if we are going much lower...according to Elliott Wave I'm assuming we are in the 3rd wave. Watch for the trend(price) to move toward the blue line as an area/direction while it's correcting.
TVC:DXYShort
by rabbitinvestmentsstrategies
GOLD → Consolidation ahead of NFP. What can happen?FX:XAUUSD is heading for resistance after a false breakdown of 2895. The market continues to test 2926 with the aim to break this zone. There is news ahead and the risks of increased volatility are growing. Markets remain jittery over Trump's tariff plans, which supported gold demand. Trade tensions and mixed U.S. jobs data are adding to inflation risks, which could weaken the dollar. All eyes are on the NFP report. Based on the analysis of the last few reports, a rough conclusion is that on average in the first 15 minutes, weak data led gold to rise 60 points and strong data led gold to fall 50 points However, other factors such as inflation and data revisions may dampen the market reaction. The final effect depends on investors' assessment of the Fed's future policy. Resistance levels: 2926, 2942 Support levels: 2912.5, 2909.5, 2895 Before the news, the price may test 2926 with a false breakout (MM trap for liquidity) and roll back to the nearest support. But further prospects depend on the news. Gold is in consolidation 2926 - 2895. On the background of possible weak data gold may overcome 2926 and accelerate to ATH. Strong data may provoke profit taking and correction to 2895 - 2875 Regards R. Linda!
FX:XAUUSDLong
by RLinda
9
AUDUSD → Retest of the imbalance zone before growth FX:AUDUSD on the back of strong dollar decline has all chances for further growth, but today, Friday, the risks are quite high, as NFP is ahead... The currency pair is forming a local uptrend, in tandem with the falling dollar the Aussie may continue its strengthening course. On the 4H a local correction to the imbalance zone is forming, where a rather strong support line 0.63 is just passing. The price is forming a false breakout and after capturing liquidity is trying to consolidate higher. If the bulls can keep the defense above 0.63 - 0.633, the price will be able to continue the growth phase in the short and medium term. Support levels: 0.63, 0.6255 Resistance levels: 0.633, 0.6363 Consolidation above 0.63, subsequent rise and consolidation above 0.633 is an ideal scenario that could confirm the bulls' intentions to go higher. But, NFP and other news are ahead. Risks are rising and we should expect high volatility in the markets Regards R. Linda!
Long
by RLinda
2
NIFTY Technical Analysis – Current Market OutlookMarket Structure: B-C Correction in Progress Current Trend: NIFTY is undergoing a B-C correction phase, where wave BC is expected to be an impulsive 5-wave movement on the downside. Retracement Scenario : Currently, NIFTY is in a corrective move within the 4th wave of the BC leg, retracing downward. Key Retracement Levels : Expecting a pullback to the 38.2% to 61.8% Fibonacci levels, which could act as a resistance before the next downward leg resumes. Target Projection: Based on wave structure analysis, NIFTY may reach 21,470 levels as the next significant support zone. Volume and Market Sentiment Volume Analysis: Selling pressure remains dominant; any short-term retracements could be seen as opportunities for further downside. Momentum Indicators: RSI & MACD likely show bearish momentum, confirming the downward move. Key Resistance Levels : Any up move could face selling pressure around the 22,300 – 22,500 zone. Conclusion & Trading Strategy Overall Trend: Bearish – NIFTY is expected to continue its downside momentum after the current corrective wave completes. Potential Shorting Opportunity: Traders can watch for resistance at Fibonacci retracement levels and enter short positions once confirmation of trend continuation is observed. Key Support Zone: 21,470 remains a major level to watch for further downside price action. Disclaimer: This analysis is for educational and informational purposes only. It is based on technical chart patterns and market structures. Stock market investments involve risks, and past performance is not indicative of future results. Traders and investors should do their own due diligence or consult a qualified financial advisor before making any trading decisions
NSE:NIFTYShort
by shiva560060
Do you think GOLD will go up or down today with the Nonfarm newsDo you think GOLD will go up or down today with the Nonfarm news? In the Asian and European sessions, gold will still have a sideways range, but the range will be smaller than yesterday. The price reaction will be from the 2916-2919 area down to 2900. And it's likely that today's Nonfarm news will be a liquidity sweep of buy orders to the 38.2% Fibonacci level, which is the 2970-2980 price range -In summary, this analysis predicts that: + Before the Nonfarm news is released, the price of gold may trade within a narrow range. +When the Nonfarm news is released, there is a possibility that the price of gold will make a temporary sharp move up to around 2970-2980 to "sweep liquidity" from buy orders, before potentially reversing downward.
OANDA:XAUUSDLong
by RioNguyenCFD
2
Reliance Industries: Case of Ending DiagonalTheory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1. Properties Of Diagonals: Diagonals can be contracting or expanding type being expanding diagonal a rare one. In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2. In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2. Types Of Diagonals: LEADING DIAGONAL ENDING DIAGONAL LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal has began. (generally it retrace back to the wave-2 of the diagonal structure) TRADING PLAN: Stock is likely to hold above 1156 on any weakness and recover towards 1290-1300 in the coming days and weeks ahead.
NSE:RELIANCELong
by TradingSutra
EUR/USD Analysis – Invitri Strategy Masterclass Date of Analysis[/b Status: COMPLETED as predicted! On 24th Feb, we shared this clear Elliott Wave setup using our exclusive Invitri Strategy under Green Fire Forex. Here’s how the move played out step by step: Wave 1-2: Formed the base structure. Wave 3: Strong breakout, as expected – the most powerful wave. Wave 4: Beautiful correction holding between 50%-78% Fibonacci, creating a bullish flag pattern. Wave 5: Final push completing the impulse, exactly as predicted. Entry: After Wave 4 breakout confirmation (red zone). Target: Wave 5 completion (achieved successfully). Result: Full 0–5 wave structure completed with precision. What’s next? Now watching for an ABC correction to unfold from here. Why Invitri Strategy works: Combines Elliott Wave + Fibonacci + Chart Patterns. Focuses on breakout confirmations. Gives high-confidence trades with perfect risk-reward setups. Stay tuned for the next move! —
by Greenfireforex