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Elliott Wave

More upside and a drop for EUHi traders, Last week EU started the pullback just like I've said in my outlook. Now the pullback is becoming much bigger, so it could also be a leading diagonal for the next impulsive wave up. Next week I'd like to see price coming into the Daily FVG's above which is also the 50.0-61.8 fib retracement and from there a drop. Let's see what the market does and react. Trade idea: Price is too low to trade. Wait for the bigger correction up to finish. If you want to see more from my analysis, please make sure to follow me, give a like 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. I do not provide signals. Don't be emotional, just trade! Eduwave
Short
by EduwaveTrading
Weekly Elliott Wave Count for XAUUSDPrimary Wave Count: The chart indicates we are in Wave 3 of a larger impulsive structure, with a potential pullback forming Wave 4 before the final push to complete Wave 5. Key Levels: Wave 4's main support zone aligns with the 2412–2471 range, where buyers are likely to step in for the next upward leg. Invalidation Point: The ongoing 4th corrective wave would be invalidated if prices rise above the 2721 level, indicating the structure is transitioning into an alternative wave scenario. Wave 5 Target: Wave 5 is projected to extend towards the 2935-3000 region, completing the current cycle with a likely divergence in momentum indicators. Momentum Confirmation: RSI divergence at Wave 3’s peak supports the corrective pullback scenario, while maintaining bullish momentum for the final impulsive wave.
TVC:GOLDShort
by ewturk
BTC Harmonic Elliott Wave and Hurst Cyclic AnalysisFirst, let's analyze the wave structure for BTC. I am considering the entire bullish move from November 2022 to the present as a 5-wave impulsive move, and we are currently in wave (5). More specifically, we are in wave IV of A of (5). Wave IV could develop as a flat correction, and considering a shallow retracement of wave III, a pullback to around 84,064 is possible. When we look at the Hurst cycles, the trough from August 2024 marked a significant 80-week (80W) cycle low, which led to a strong bullish push. The first 20-week (20W) cycle trough of the current 80W cycle is expected in the third week of December 2024, which could align with wave IV in our wave analysis. The next major trough is the 40-week (40W) cycle low, expected in May 2025, which is currently labeled as wave B of (5).
BITSTAMP:BTCUSD
by bamdadsalarieh
Link, breaking. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! #Link another dino bag. Can move in the background whilst I focus on others. Coming into the highly contested $20 area. So far, it's been breaking and flipping levels. $20 would be a yuge flip! Need a big push to suggest this is a wave 3, $100 link if it plays or it could just be a ZZ up, at 2 degrees...break $20 and $40 first. Trade safe, trade smart, trade clarity.
Long
by CryptoKnee
1
XAU/USD 27.11.2024OANDA:XAUUSD Hello Traders, A quick update on gold: Wave Orange A is definitely completed. I’m now looking for bullish momentum, either as a 12345 setup (as I’ve drawn) or potentially as an ABC formation leading to my Orange B. The Fibonacci zones remain consistent regardless of the scenario. At the moment, I already have two buy positions. My current target is the retracement level of Wave B. Once I can confirm whether the structure is forming an ABC to B or a 12345 setup, I’ll adjust my target accordingly to the relevant Fibonacci extension level.
OANDA:XAUUSDLong
by NeptenFX
1
XAG/USD 29.11.24FXOPEN:XAGUSD Hello Traders, After a long-term analysis of the silver chart, I am fairly confident that this calculation is correct. Following a 12345 setup downward from a larger wave 3, we may have potentially formed an A wave of an ABC correction within the larger wave 4. While A waves can sometimes follow a 12345 pattern, this is less common—especially in the case of silver, where the chart is quite messy. Therefore, I wouldn’t be overly concerned whether the A wave forms an ABC or a 12345 setup. What’s important now is to see a breakout above the last high to confirm the bullish momentum. Once this happens, wave B can be calculated using Fibonacci levels. After wave B is completed, we can proceed to calculate wave C.
FXOPEN:XAGUSDLong
by NeptenFX
1
XAU/USD 29.11.24OANDA:XAUUSD Hello Traders, After reevaluating my analysis—since my previous setup was invalidated—I would like to share my alternative chart view with you. Following our 3-wave move to the upside, we’ve now completed wave (A) and wave (B) correction to the downside. At this stage, I expect a standard 12345 setup from wave (B) to wave (C), which would align with typical market behavior. However, I am also considering the possibility of an ABC move to the downside as an alternative scenario. Let’s stay alert to these potential developments and adapt our strategies accordingly.
OANDA:XAUUSDShort
by NeptenFX
1