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Elliott Wave

Next stepFrom the historical chart data, we find that there were three historical waves that fell, three historical waves that rose, and three historical waves that remained, compounded, in order for the shape to be wxy. *In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do not like this analysis, there is no problem. Just ignore it. My goal is to spread the benefit. I am not one of the founders of the currency.
Short
by KhaldHegazy
DG Developing Impulse [LONG]1. The Big Picture: Wave Structure Down-trend Completion A five-wave decline (labelled “5” at the bottom, ≈ $69.56) finishes in early March 2025. Complex Correction (W-X-Y) From December 2024 into March 2025 the market chops out a W-X-Y sideways correction between roughly $70–83. New Uptrend (Impulse) Wave 1 up to $84.53 Wave 2 pullback into the 0.5–0.707 zone ($77.05 | 75.28 | 73.95) Wave 3 powerful thrust into the high-90s Wave 4 shallow retrace into the mid-$80s Wave 5 of 3 (current leg) pushing into the low-$100s 2. Current Position: Subwave 5 of Wave 3 Price now: $101.39 We appear to be in the 5th subwave of the larger Wave 3. That means one more small thrust higher is likely before Wave 3 completes. 3. Target Zone for Wave 3 The 1.618 × Wave 1→3 extension sits at 104.18. The grey box (~$103–$106) marks our Wave 3 target. Traders often look to take partial profits as price enters this zone. 4. Key Support / Invalidation Levels Short-term bump: 23.6% of Wave 4→5, at ≈ $100.00 Primary support: old Wave 4 high / 38.2% retracement, at ≈ $97.50 Invalidation: a clear break below $97.50 would argue that the Wave 5 advance is failing (and could reopen a deeper correction). 5. What Happens After Wave 3? Once Wave 3 tops out (~104–106), expect a Wave 4 correction of that entire impulse. Typical Wave 4 depth is 38.2% of Wave 3: that would put a pullback into roughly $90–92. After Wave 4 completes, a final Wave 5 higher would target new all-time highs. 6. Trading Plan Ideas Long exposure: add on small dips down to $100–$100.50, keep stops under $97.50. Partial profit: begin scaling out as price enters $103–$106. Watch for reversal signals (e.g. bearish divergence, high-volume down days) once inside the grey box—this will mark the end of the impulsive Wave 3. Bottom line: DG is in the late stages of a textbook Elliott-Wave 3, with one last run higher into the $104–$106 zone likely, then a healthy multi-week pullback (Wave 4) should follow. Keep your stops under $97.50 and look to lock in profits as you approach that extension target.
NYSE:DGLong
by cowboycharts
NZD/CAD - Large Timeframe breakdown for potential sell side move📉 AUD/NZD – 8H Bearish Outlook with 4D Confluence Price action has completed a clean 5-wave Elliott structure, with the final leg (Wave 5) concluding at a key weekly 71% Fibonacci retracement level — now acting as strong supply. 🔹 Liquidity Grab Complete: All buy-side liquidity above swing highs appears to have been swept, leaving price vulnerable to a deeper correction. 🔹 Break in Structure (ChoCH): A clear Change of Character (ChoCH) confirms bearish intent, and price is now showing signs of lower high formation beneath internal supply zones. 🔹 Sell Opportunity: The market is likely targeting Sell-Side Liquidity (SSL) resting beneath recent lows. Short-term rallies into minor supply may offer low-risk entries. 🎯 Final downside target: 0.78286, aligned with major structural lows. With fib rejection, Elliott wave exhaustion, and liquidity mechanics aligning — this setup offers a high-probability short scenario for experienced traders.
Short
by jamesibartram
AERO: Coming in to Refuel… or Crash Land!? AERO: Coming in to Refuel… or Crash Land!? 📅 Date: May 23, 2025 🧠 Framework: Elliott Wave with Fibonacci structure 🔍 Context: 4H timeframe 🔁 Recap of the Move AERO rallied off the 0.3465–0.3475 double bottom in what appears to be a clean 5-wave impulsive sequence. The price action respected both structural and Fibonacci guidelines: Wave 2 and Wave 4 both pulled back to 0.5 retracements. Wave 3 extended and subdivided with strong momentum, a common characteristic Wave 5 completed between 0.5 and 0.618 of Wave 3 from the Wave 4 low — a textbook termination zone Subdivisions within Wave 5 were also visible, including a smaller internal Wave 3 and 5, reinforcing the case for a completed motive wave. ⚠️ Current Price Behavior Post-impulse, the market is showing signs of correction. This pullback could mark the beginning of a deeper retracement, or it may be the early stages of a new larger-degree impulse if the uptrend continues. 📏 Levels to Watch Retracement zone: 0.54–0.49 (50–61.8% of the full move) Upside resumption: Requires a strong bounce from the retrace zone and break of the Wave 5 high 🔮 Outlook Two scenarios remain on the table: Bullish: This is a Wave 2 retracement in a larger degree move. If support holds, a strong Wave 3 may follow. Bearish/Neutral: The 5-wave or 3-wave structure is fully complete, and a deeper correction could be in play. Confirmation will come through structure, not assumption. Keep watching how price behaves around the key retrace levels. 📣 Trade safe, trade clarity. More updates coming as structure evolves.
COINBASE:AEROUSDLong
by CryptoKnee
XAUUSD SHORT OPPORTUNITY AROUND 3360 The chart shows everything, let me summarize: - Based on valid Elliot Wave count, it is now in the end of wave 5 of c of the B correction, heading to start a new wave C to the downside - The upward movement of the B (RIGHT NOW) lies exactly in the 61.8% Fibo from the A - It is now on the trendline!! Some see it holds perfectly as some see it is slightly broken (but no volume on it, don't worry!!) - (see the yellow area) it is an area that is strong buyer and ESPECIALLY strong seller meet. Most of the time price respects this area called supply/ demand area - An as addition, the MACD showing weakness of the trend by its BEARISH DIVERGENCE SO I AM WAITING NO MORE, I SHORT!!! Let's, go.... CHEEERRRSSSS...!!!
OANDA:XAUUSDShort
by steveivan
BURL – Final Wave 5 in Rising Channel, Fake Breakout PossibleBURL has completed a full 5-wave advance within a rising channel, ending in wave (v) of C. Current price is testing the top of the channel with a minor upper wick breakout — a common occurrence in wave (5) tops. Historically, wave (5) often ends with a fake breakout above the channel, followed by a rapid breakdown through the channel base. Price has not yet broken below the lower boundary of the rising structure, which remains the key level for confirmation. The target zone for potential correction lies between $245–250, aligned with prior wave (iv) consolidation and visible support. No trade is valid until a decisive break below the rising channel. As long as the lower bound holds, the structure remains intact. Key Levels: Resistance: $272 (fake breakout zone) Support: Rising channel base (~$267) Bearish Target (after breakdown): $245–250 Conclusion: Watch for confirmation of breakdown. Fake breakouts above channel top are common in wave (5) endings. Entry valid only below lower trendline.
NYSE:BURLShort
by CakirInsights
USDCAD Wave Analysis – 23 May 2025 - USDCAD reversed from strong resistance area - Likely to fall to support level 1.3755 USDCAD currency pair recently reversed down from the strong resistance area between the round resistance level 1.4000 intersecting with the upper daily Bollinger Band and the resistance trendline of the daily down channel from March. The downward reversal from this resistance area started the C-wave of the active ABC correction (2). USDCAD currency pair can be expected to fall to the next support level 1.3755 (the former low from the start of May and the target for the completion of the active ABC correction (2)).
Short
by FxProGlobal
ETH — Bull Flag or Trap? Trade Plan with TargetsETH is setting the stage for its next major move — and the chart is packed with clues. After completing Wave 3 at $2738.50, ETH has entered a corrective phase, forming what looks like a bullish flag. But beneath the surface, smart money levels are aligning: VWAP, Fibs, key levels, and liquidity traps are all converging around one high-probability zone. This analysis breaks down both the long and short setups, backed by real confluence and clean R:R opportunities. Whether you’re planning to snipe the reversal near support or fade the rally at resistance, you’ll walk away with a clear trade plan and deeper insight into how price reacts at precision levels. Let’s get into it. 🟢 Bullish Scenario: Long Setup with Deep Confluence After a fakeout pump into the golden pocket of this minor downtrend (typical for a Sunday), ETH rejected cleanly at the upper resistance of the bull flag channel. We're now watching for the swing low at $2406.63 to be swept, setting up a potential SFP (Swing Failure Pattern) at a highly confluent support zone: 🔍 Confluence at the $2390–$2360 Zone: Anchored VWAP from the Wave 3 origin at $1752 is sitting at $2390 Trend-Based Fib Extension 1:1 of the correction lands at $2386.84 Liquidity pool just under the recent swing low 0.382 Fib retracement of the entire Wave 3 at $2361.66 0.618 Fib Speed Resistance Fan intersects this zone Lower bull flag support line also aligns This makes the $2390–$2362 zone a high-probability bounce area. 📌 Plan: Laddered long entries between $2390–$2362, watching closely for a clean SFP or reversal signal. Target 1: $3000 psychological level Target 2: 0.618 Fib retracement at $3067.71 (potential Wave 5 top) Stop-loss: Below previous yearly open (can be tightened after confirmation) R:R: 1:5 or better after SL adjustment 🔴 Bearish Scenario: Short Setup at Key Rejection Zone If ETH makes a move up to complete the 5th wave, we monitor $3067.71 — the 0.618 retracement of the entire corrective leg — as a key resistance. If price rejects here with momentum loss or bearish structure: 📌 Plan: Short on confirmed rejection of $3067.71 Stop-loss: Above $3211 (above 0.666 Fib) Target: Previous high near $2700 or lower R:R: 1:2 or better depending on entry and structure 🧠 Educational Insight: Why Confluence Increases Probability Many traders chase setups based on single indicators. Real edge comes from stacking independent tools: VWAPs, Fibs, FVGs etc... When they align, the setup isn’t random — it’s high conviction. This strategy gives you a framework to anticipate where price is likely to move and why, rather than reacting emotionally. Patience and preparation will always outperform panic and reaction. Trade the plan — not the impulse. ___________________________________ If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
Long
by SiDec
20
HBAR Masterclass: Fib Precision + ConfluenceHBAR has been a dream to chart lately — beautifully technical, clean reactions, and a strong respect for structure. When a chart follows fibs this precisely, charting becomes fun — like solving a puzzle that pays. You stop forcing trades and start enjoying the process. Let’s break down where the next high-probability trade setup lies — and why. Elliott Wave Context HBAR recently completed a 5-wave impulse structure and is now unfolding a ABC correction: ✅ Wave A: Broke below Wave 4's low ✅ Wave B: Rejected cleanly at the 0.618 retracement of Wave A 🔄 Wave C: Currently unfolding, with price structure hinting at a Head & Shoulders forming to the downside Interestingly, HBAR has been bouncing between golden ratios like a Fibonacci pinball machine. — reinforcing how well this asset respects technical structure. 🟢 Long Opportunity: The Golden Pocket Zone By pulling Fibonacci retracement from the entire 5-wave leg (from $0.16941 to $0.22885), we uncover the golden pocket: 0.618 Fib → $0.19212 0.666 Fib → $0.18926 But what really strengthens this zone is the confluence: 📍 21-Day EMA → $0.19361 📍 21-Day SMA → $0.19229 📍 Anchored VWAP from the $0.15396 low → ~$0.19135 📍 4/1 Gann Fan support (if reached between May 15–17) Together, they form a tight support band between: 🎯 $0.195 – $0.18926 📐 How We Projected the 1.618 Target Here’s where the magic of planning comes in. If Wave C finishes within this golden pocket, we can anticipate the next move by applying a trend-based Fibonacci extension. This gives us a realistic projection for the next impulsive move: 📈 1.618 extension lands at → $0.28654 This level also aligns with the yearly level and previous key high — forming an ideal final target 📘 Educational Insight: Why Golden Pockets Matter In trading, the “golden pocket” — the 0.618-0.666 Fibonacci retracement zone — is often where high-probability reversals take place. It’s a zone where buyers (or sellers) return with conviction after a correction. When this area also aligns with EMAs, anchored VWAPs, Gann levels etc. and previous structure, it becomes more than just a level — it becomes a decision zone. This is where confluence transforms a trade idea into a trade setup. 🟢 Long Trade Setup: Entry: Laddered between $0.195 – $0.18926 Stop-Loss: Below $0.185 Take-Profit: $0.28654 R:R: ~10:1 Potential Gain: ~+50% 🔴 Short Setup (If Rejected at Extension): If price hits $0.28654 and shows exhaustion or bearish reversal patterns (SFP, engulfing candle, volume spike), a short could be considered: Entry: ~$0.286 Stop-Loss: $0.2967 (better above $0.3) Target: $0.2622 R:R: ~2:1 HBAR is giving us a textbook case of structure, rhythm, and precision. Whether it’s the golden pocket, the 1.618 extension, or the alignment of multiple tools — this is how clean setups are built. Set your alerts. Trust the plan. Let the chart come to you. In trading, silence is a skill — knowing when not to act is as powerful as knowing when to strike. ____________________________________ If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
Long
by SiDec
37
PORTAL: WXY Correction DONE! Trendline Break Confirms New ImpulsHello TradingView Community! Today, I'm excited to share my technical perspective on Portal (PORTAL), an incredibly promising project poised to be the leading cross-chain gaming hub in the Web3 space, powered by LayerZero. PORTAL aims to simplify Web3 for traditional gamers, offering a universal token for in-game payments, NFT trading, staking, and governance. While PORTAL's fundamental vision is strong, its price action since its early 2024 launch has, like many new altcoins, experienced significant volatility. It's currently trading around $0.06 - $0.08 USD, with a market cap around $35-$40 million. However, my technical analysis suggests a significant shift may be underway. My Elliott Wave Prediction: WXY Correction Complete, Impulse Wave Initiated! (IMPORTANT DISCLAIMER: My Elliott Wave analysis is based on my interpretation of the chart and is inherently subjective. Different analysts may have varying counts. This is NOT financial advice, and cryptocurrency investments are highly volatile. Always do your own research (DYOR) and manage your risk accordingly.) Based on my detailed analysis of PORTAL's price history on the 4-hour chart, I believe we have witnessed a complex WXY corrective pattern to the downside following its initial price movements. Wave W (1st Zigzag):The initial sharp A-B-C leg down from the ATH. Wave X (Connecting Wave): A subsequent corrective bounce, which connected the two zigzags. Wave Y (2nd Zigzag):The final A-B-C leg down, bringing price to the current lows and completing the entire WXY structure. As per my count, I predict that this WXY (Double Zigzag) downside correction is now complete, or in its final moments, potentially having found a strong bottom. Crucial Confirmation: The Downtrend Line Break! Adding a significant layer of confirmation to my Elliott Wave count, you can clearly see on the chart that PORTAL has recently decisively broken above a significant downtrend line that has been capping price action throughout much of this corrective phase. This breakout, ideally accompanied by volume, is a strong signal that the bearish momentum has shifted. Following the completion of this corrective phase and the confirmed trendline breakout, I anticipate that PORTAL is now poised to embark on a new impulse wave to the upside. On the chart, I've outlined the potential path for this new impulse, which would typically consist of five sub-waves (1-2-3-4-5). Potential Wave 1: I believe we are currently seeing the early stages of a strong move up as the first wave of this new impulse, which is supported by the recent trendline break. Confirmation: Sustained price action above the broken downtrend line and the visible development of a clear five-wave structure would further confirm this bullish outlook. Invalidation: My current bullish Elliott Wave count and the trendline breakout confirmation would be invalidated if PORTAL were to fall back decisively below the broken downtrend line and, more critically, break below the low of my proposed 'Y' wave. This would suggest the corrective phase is not yet over or that a deeper, more complex correction is unfolding. Outlook: Portal's fundamental value proposition in the Web3 gaming space is incredibly strong. From a technical standpoint, the combination of a completed complex corrective pattern (WXY) and the clear confirmation of a trendline break provides a compelling setup for a significant directional move upwards. I will be closely watching for the development of impulse wave characteristics to further confirm this bullish shift. Always remember to conduct your own thorough research (DYOR) and implement sound risk management. This analysis is for educational and discussion purposes only.
Long
by exprwebdev
2
GOLD → Consolidation amid a bullish trendFX:XAUUSD is trading in consolidation. As expected, the retest of the 3290 support level will end with a strengthening. The price is heading towards the resistance of the range. The dollar is falling, which is supporting gold. The local trend is set by the fundamental background. The price of gold is strengthening and heading towards the resistance of the trading range, with the zone of interest being the liquidity located above 3346. The fundamental background is on the buyers' side, but since today is Friday, there is no strong news and the market is unlikely to seek a breakout from consolidation due to the lack of a driver. Thus, we can expect a correction from resistance before growth resumes, which may form next week. Resistance levels: 3346, 3360 Support levels: 3308, 3290, 3282 Consolidation after the break of the local downtrend amid a falling dollar means that bulls are building up potential before a possible continuation of growth. But at the moment, an intraday trading strategy can be considered. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
7
SEI Turns Bullish After A Zig-Zag CorrectionSEI Turns Bullish After A Zig-Zag Correction, as we see it sharply bouncing from projected support that can send the price higher by Elliott wave theory. SEI with ticker SEIUSD is waking up exactly from the channel support line and equality measurement of waves A=C, which is perfect textbook support for subwave (5) of an impulse into wave C of an ABC zig-zag correction. It's actually nicely and impulsively rising for wave 1, so after current wave 2 pullback, be aware of a bullish continuation within wave 3 of a five-wave bullish cycle, especially if breaks above 0.30 first bullish evidence level. Sei (SEI) is a high-performance Layer 1 blockchain designed specifically for decentralized finance (DeFi) and decentralized exchanges (DEXs). Launched in August 2023 by Sei Labs, it features innovations like Twin-Turbo Consensus for fast block finality, Optimistic Parallelization for high throughput, and SeiDB for efficient transaction handling. It supports EVM compatibility, enabling seamless deployment of Ethereum-based apps. The SEI token is used for transaction fees, staking, governance, and liquidity.
CRYPTO:SEIUSDLong
by ew-forecast
NZDUSD → A retest of resistance may end in a false breakout.FX:NZDUSD bounces off the upward support line and forms a distribution towards the liquidity zone located above 0.597... Strong resistance lies ahead at 0.5969 - 0.5975 (liquidity pool). If the current movement continues (distribution), the market will exhaust all its potential and the situation may end in a false breakout. There is no trend as such in the market, the price is inside the flat, and thus bearish pressure may resist the upward price movement. Resistance levels: 0.5969, 0.5974 Support levels: 0.5932, 0.5917 Against the backdrop of a falling dollar, the currency pair is likely to continue its growth and may test 0.5969 in the short term, but based on the nature of the movement, we can assume that a downward correction will follow. Best regards, R. Linda!
Short
by RLinda
5
GOLD → Consolidation (correction) ahead of newsFX:XAUUSD is testing resistance at 3346 and forming a correction, leaving liquidity above the level as the current target. The correction was influenced by the dollar. What can we expect next? Gold is rising for the fourth day in a row and is approaching $3350, awaiting US PMI data. The dollar remains weak amid geopolitical risks, US-China disputes, and concerns about the US budget. The passage of Trump's tax bill could increase the deficit and pressure on the dollar. Weak PMI data could support gold by heightening expectations of a Fed rate cut Technically, with the dollar falling, gold has every chance of continuing its rise. But now we are seeing a correction forming. I would say that the relevant areas of interest are 3288 and 0.5 Fibo Resistance levels: 3346, 3360, 3409 Support levels: 3288, 3275, 3265 As part of the correction, gold may enter a consolidation phase, during which the price will gather liquidity relative to key areas of interest before continuing its growth. A retest and false breakout of 3288 - 3275 is possible before the growth continues. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
18
XLMUSDT → Consolidation above 0.300 will provide an opportunityBINANCE:XLMUSDT.P is returning to the buying zone relative to strong resistance as part of a local uptrend. The market backdrop is favorable, but Bitcoin poses risks... Bitcoin is updating its historical high and continuing its bullish trend, which is a favorable backdrop for altcoin growth. However, risks are posed by the fact that BTC may form a false breakout of resistance, which would trigger a correction across the entire market. XLMUSDT is returning to the buying zone relative to strong resistance as part of a local uptrend. If the bulls hold their ground above 0.3000, growth may continue in the short and medium term. Resistance levels: 0.318, 0.324 Support levels: 0.300, 0.2975, 0.2799 The focus is on 0.3000, which is a fairly important and key (psychological) level. If the bulls manage to hold their ground above this point, the price will continue to rise, but it is necessary to monitor the behavior of the bitcoin. Best regards, R. Linda!
Long
by RLinda
3