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Elliott Wave

More upside for BitcoinHi traders, Last week Bitcoin went a little more up to finish wave 3 (updated wavecount) and after that it started a bigger correction. This looks like a Triangle wave 4 (grey). So if this is true, then we could see the next upmove soon. Let's see what the market does and react. Trade idea: Wait for a change in orderflow to bullish, an impulse wave up and a small correction down on a lower timeframe to trade longs. If you want to learn more about trading FVG's with wave analysis, please make sure to follow me. This shared post is only my point of view on what could be the next move in this pair based on my analysis. Don't be emotional, just trade your plan! Eduwave
Long
by EduwaveTrading
Gold is ready to go upHi traders, It turned out that gold made a bigger correction wave 4 (grey) down. Last week gold immediately dropped and after it came into the 4H FVG it rejected and went impulsively up. So next week we could see more upside for wave 5 (grey). Let's see what price does and react. Trade idea: Wait for a small correction down on a lower trimeframe to trade longs again. If you want to learn more about trading FVG's & liquidity sweeps with wave analysis, please make sure to follow me. This shared post is only my point of view on what could be the next move in this pair based on my technical analysis. Don't be emotional, just trade your plan! Eduwave
OANDA:XAUUSDLong
by EduwaveTrading
Correction and up for SPX500USDHi traders, Last week SPX500USD slowly went up some more. The pullbacks are overlapping so it looks like price is forming a leading diagonal (wave 1). I'm still expecting a downmove because of the price action. Price came into the 4H FVG and is showing a bearish doji. So next week we could see a (corrective) move down. Let's see what the market does and react. Trade idea: Wait for price to develop some more before you take any trades. If you want to learn more about trading FVG's & liquidity sweeps with Wave analysis, then please make sure to follow me. This shared post is only my point of view on what could be the next move in this pair based on my technical analysis. Don't be emotional, just trade your plan! Eduwave
OANDA:SPX500USD
by EduwaveTrading
1
EU is ready to riseHi traders, Last week EU made another wave down into the Daily FVG. Check my outlook of last week. After the bigger correction was finished, price made the first impulse wave up and a correction down. So next week we could see the next impulse wave 3 of 5 (black) up. Let's see what the market does and react. Trade idea: Wait for a small impulse wave up and a correction down on a lower timeframe to trade longs to the higher Weekly FVG. If you want to learn more about trading with FVG's, liquidity sweeps and Wave analysis, then make sure to follow me. This shared post is only my point of view on what could be the next move in this pair based on my technical analysis. Don't be emotional, just trade your plan! Eduwave
Long
by EduwaveTrading
Elliott Wave Analysis – Bearish Wave 5 Setup in Progress 📉 Elliott Wave Analysis – Bearish Wave 5 Setup in Progress 🔍 Watchlist: Short Opportunity at Completion of Wave 4 ⸻ ✅ Wave Count Overview As illustrated in the chart, we have a clear impulsive Elliott Wave structure unfolding. Waves 1, 2, 3, and 4 have been successfully completed, as confirmed by the Awesome Oscillator (AO) displaying healthy wave divergence and convergence throughout the formation. • Wave 3 extended beautifully, and now Wave 4 appears to have completed its corrective phase. • AO shows classic convergence during this retracement, confirming weakening bullish momentum — a hallmark sign of Wave 4 development nearing exhaustion. ⸻ 📌 Key Technical Levels: • Wave 4 Top: Completed near the 1.618 Fibonacci extension, a textbook resistance zone for the end of a corrective wave. • Critical Resistance / SNR Level: 3202.465 – This zone acts as a major resistance, aligning perfectly with prior structure and fib confluence. • Important Rule: Wave 4 must not overlap with Wave 1 territory. So far, this rule remains respected. A break below this would invalidate the current count. ⸻ 🎯 Wave 5 Trade Setup – Bearish Bias Looking ahead, I’m anticipating the final leg down – Wave 5 – to unfold from this resistance region. This presents a potential shorting opportunity for high-probability traders. • Wave 5 Target Zone: 🔻 1.618 - 1.88 Fibonacci extension from Wave 3 🔻 Expect strong bearish momentum to kick in as Wave 5 progresses 🔻 AO should shift strongly red again, confirming impulse resumption ⸻ 💡 Summary & Trading Plan: • ✅ Wave 4 looks completed based on Fibonacci confluence + AO convergence • 🔥 Resistance at 3202.465 is the key level to watch • 📉 Enter short once price confirms rejection and momentum shifts • 🎯 Target zone: 1.618 - 1.88 fib extension below • ❗ Risk: Setup invalidated if Wave 4 enters Wave 1’s price zone 👉 Let’s ride Wave 5 together! 🚀💥 #elliottwave #tradingviewanalysis #wavecount #shortsetup #technicalanalysis #priceaction #aoindicator #wave5incoming
TVC:GOLDShort
by AwesomeOscDad
GOLD → The fight for 3,200 continuesFX:XAUUSD has recovered after a bearish distribution. The price has returned to the range but continues to test the fundamental threshold of 3200. The fundamental background has been gradually improving recently, which is putting pressure on the gold market, increasing the profit-taking ratio and the level of sales. After the resolution of the tariff war, all attention has shifted to the negotiations between Russia and Ukraine, and de-escalation could also reduce economic risks. As well as the escalation of the conflict in the Middle East... Technically, the price is returning to the range after a deep false breakout but is facing strong resistance and pressure from sellers. Further developments depend on the 3200 level, which is of fundamental importance. Resistance levels: 3225, 3236, 3257 Support levels: 3204 - 3200, 3194 The battle for the 3200 area continues, with bulls likely to try to keep the price above 3200, in which case the market may test the 0.5-0.7 Fibonacci zone. However, given the recent improvement in fundamentals, the price may return from these zones of interest to 3200 with the aim of continuing the assault to break through and continue the downtrend. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
12
GBPJPY → Return to range. Possible price decline.FX:GBPJPY is forming a local bearish trend amid a correction in the dollar. The price is returning to the range and entering strong resistance. Amid a correction in the dollar, the Japanese yen is strengthening, putting pressure on the currency pair. GBPJPY is returning below a strong level (within the range) and consolidating in the selling zone, which could trigger a continuation of the decline towards areas of interest. Technically, the global trend is neutral and the currency pair is forming a rebound from strong downward resistance. If the bears keep the price below 193.45 - 193.74, the local downward trend may continue. Resistance levels: 193.45, 193.74, 194.22 Support levels: 193.04, 192.35, 191.65 Price consolidation below 193.74 - 193.45 will confirm that bears are holding the range resistance. The sell-off may continue, and in this case, the price will head towards the indicated zones of interest and liquidity. Best regards, R. Linda!
Short
by RLinda
3
Gold forecast for next week and next monthAs of mid-May 2025, gold prices have experienced a notable decline, retreating from April's record highs above $3,500 per ounce to approximately $3,180. This downturn is attributed to easing geopolitical tensions, particularly the U.S.-China trade truce, and a strengthening U.S. dollar, which have reduced the demand for gold as a safe-haven asset. Technical Analysis: Short-Term Outlook Key Support Levels: Analysts identify the $3,155 level as a critical support point. A breach below this could signal further declines towards the $3,000–$3,050 range. Resistance Zones: Resistance is observed around $3,275–$3,287.85. A decisive move above this range may indicate a potential reversal or continuation of the uptrend. Indicators: The Relative Strength Index (RSI) remains in bearish territory, suggesting continued downward pressure. However, if gold maintains its position above the ascending channel's lower boundary, a rebound towards $3,450 is plausible. Fundamental Analysis: Medium-Term Outlook Central Bank Demand: The People's Bank of China has increased its gold reserves for the sixth consecutive month, reflecting sustained institutional interest. Investor Sentiment: Despite recent corrections, gold remains up 21% year-to-date, indicating robust investor confidence. However, nearly 50% of fund managers surveyed by Bank of America believe gold is overvalued, which could lead to cautious trading behavior. Economic Indicators: U.S. producer prices fell by 0.5%, and retail sales stagnated, with inflation dipping to 2.3%. These factors may influence Federal Reserve policy decisions, potentially affecting gold prices. Forecast Summary Next Week: Gold prices may test the $3,155 support level. A breach could lead to further declines towards $3,000. Conversely, holding above this level might prompt a rebound towards $3,275. Next Month: Analysts anticipate a consolidation phase, with gold trading between $3,000 and $3,300. Factors such as central bank purchases and economic data releases will play pivotal roles in determining the direction.
FOREXCOM:XAUUSD
by AdamIdris2
S&P 500 Wave Analysis – 16 May 2025 - S&P 500 broke the resistance level 5900.00 - Likely to rise to resistance level 6100.00 S&P 500 index recently broke the resistance level 5900.00, the former support from January and February. The breakout of the resistance level 5900.00 should accelerate the active short-term impulse wave 3, which belongs to the intermediate impulse wave (3) from the end of April. S&P 500 index can be expected to rise to the next resistance level 6100.00, which reversed the price multiple times from December to March, as can be seen below.
SP:SPXLong
by FxProGlobal
SUI Structure Complete – Time for Pain or Profit?Yello Paradisers, have you noticed how calm #SUIUSDT has been lately? Feels like nothing’s happening... but that's exactly how the market sets the trap before it strikes. The recent price action has lulled many into a false sense of comfort, trading tightly in a sideways structure after a strong impulsive leg. But behind that calm surface, a bigger move is loading — and only those who can read the structure properly will be prepared for it. 💎#SUI has now completed its 5-wave Elliott impulse, finishing with a classic Ending Diagonal in the fifth wave, which very often signals the final push before a correction. Given the current price action, we are likely in the early formation of an ABC corrective structure, most probably a Zigzag or Flat formation. This transition is crucial — many traders misinterpret this as the start of a new trend and get trapped. But as professionals, we know that this is not the time to rush into positions. This early corrective phase often includes fakeouts and liquidity grabs, punishing both longs and shorts before clarity returns. 💎SUI has been trading with high volatility compression, coming off a significant bullish breakout that began around early April. The rally initiated with a textbook Leading Diagonal, moved into a sharp Wave 3 impulsive expansion, and finally started to slow down into what looked like exhaustion through Wave 5. During this phase, price carved out a Contracting Triangle (Falling Wedge), providing a resting phase before the final fifth wave. But right after the Ending Diagonal was completed, momentum has stalled, and now we're entering a very tricky part of the market cycle — the corrective phase. 💎Zooming out, the entire structure has unfolded in a methodically clean and technically sound manner. Wave 1 kicked off the move with a Leading Diagonal, signaling the early stages of bullish initiation. This was followed by a shallow Wave 2 retracement, which is typical of fast, trending markets. Wave 3 then expanded with strong bullish momentum, confirming the impulse. After that, Wave 4 transitioned into a Contracting Triangle (Falling Wedge) — a classic consolidation pause before the final push. Finally, Wave 5 wrapped up the sequence with an Ending Diagonal, a clear sign of momentum exhaustion. This full five-wave development marks a textbook impulsive structure, and strongly suggests that we are now entering a critical transition phase, where the market moves from trending into correction. These are often the most deceptive parts of the cycle — known for shakeouts, liquidity traps, and emotional whiplash for those who act too soon. 💎Looking ahead, the next probable strong move depends on how price reacts around the key S/R level at $3.006. If this zone holds and the correction stays controlled above it, we can prepare for a powerful continuation leg back toward the $4.20 resistance, and potentially challenge the major resistance at $4.80–$5.00. However, if the correction unfolds deeper, a full retest of the $2.40–$2.00 range is absolutely on the table. This zone aligns with macro demand levels and could act as a reload zone for the next major impulse. But only once the correction completes. 💎One of the main hurdles SUI now faces is breaking cleanly above $4.20 — this is the near-term barrier where supply pressure remains strong. Beyond that, $4.75–$5.00 is a macro resistance zone that needs significant volume and structure to crack. Until then, any sharp move upward could just be part of a larger fakeout inside the corrective pattern. 💎On the downside, our key invalidation level sits just below $3.00. A 12H candle close below $3.006 would confirm that the support zone is lost and shift our bias into a much deeper retracement phase. This would invalidate any early bullish setups and bring the $2.40–$2.00 zone in play, with liquidity likely waiting beneath that structure. This is the point where the weak hands get shaken out and smart money reloads. If you're aiming for long-term success, wait for high-probability setups and protect your capital. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
1
FTSE 100 Wave Analysis – 16 May 2025 - FTSE 100 broke the resistance level 8650.00 - Likely to rise to resistance level 8800.00 The FTSE 100 index recently broke the resistance level 8650.00, which stopped the previous medium-term impulse wave (1) at the start of this month. The breakout of the resistance level 8650.00 should accelerate the active medium-term impulse wave (3) from the start of May. Given the improved sentiment across the global equity markets, the FTSE 100 index can be expected to rise to the next resistance level 8800.00, which has been reversing the price from the start of February.
FTSE:UKXLong
by FxProGlobal
Next goalFrom a general view of the chart, we find, according to the analysis, that this rise is not a motive, but rather a correction, and this indicates that there is another strong decline coming soon unless it breaks the analysis failure area specified above. *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.
CRYPTOCAP:OTHERS
by KhaldHegazy
Silver Finds Its Footing—Are the Bulls Back? (Elliott Waves)Silver rebounded quite aggressively in April, following Trump’s decision to impose a 90-day tariff pause. At the time, there was still a lot of uncertainty, so many investors turned to metals as a safe haven—particularly during periods of trade tensions. More importantly, we can see silver forming five waves up from the 28.34 low. In Elliott Wave terms, when we see a strong directional move that can be counted in five waves, it often represents the beginning of a new trend. That means the current pause is likely just a correction, and more upside should follow. The 31.00–31.50 area is a very interesting support zone for silver—an area from which we could see a rebound, possibly after a completed A-B-C setback from the 33.70 region.
OANDA:XAGUSDLong
by ew-forecast
XAUUSD Elliott Wave Analysis (15M TF) – Wave (4) Forming, Short 🟡 XAUUSD Elliott Wave Analysis (15M TF) – Wave (4) Forming, Short Setup in Play 📅 Date: May 16, 2025 📈 Instrument: Gold (XAU/USD) – 15M Chart 🔍 Technique: Elliott Wave, SNR, Fibonacci, AO Convergence ✅ Wave Count Summary We have a clean 5-wave Elliott structure unfolding: ✅ Wave (1), (2), and extended Wave (3) are completed. 🔄 Price is now in a Wave (4) pullback phase. 🔽 Anticipating a final push down for Wave (5). 🔍 Wave (4) Confluence Zone (Short Setup) Price is currently approaching a strong confluence zone around 3196, which includes: 📌 Confluences at 3196: 🔴 SNR (Support-Turned-Resistance): Historical reaction level 🌀 Fibonacci Retracements: 0.618 of wave (3) = 3171.6 1.618 Fib Extension (minor internal leg) = 3198.81 Several Fibo clusters between 3195–3200 📐 Dominant Break occurred previously → retest likely 🕯️ Bearish Reaction Expected: Monitor for reversal candlesticks near this level 💡 This is the ideal entry zone for Wave (5) shorts. 📉 Wave (5) Bearish Target Projections Using Fibo projections from Wave (3) to (4), expect: Target Level Description Price Zone 🎯 TP1 100% of Wave (1) extension ~3154.80 🎯 TP2 Full Wave (5) extension zone ~3135–3140 📊 AO Divergence may signal Wave (5) completion as momentum fades. 💼 Trade Setup Idea (For educational purposes – follow your own strategy & confirmation rules) Parameter Value Entry Zone 3195–3198 (SNR + Fibo) Stop Loss 3206–3210 (above structure) TP1 3155 (safe zone) TP2 3135 (extended target) Risk–Reward ~1:2.5 to 1:3 depending on SL 📌 Confirmation Tips: Wait for bearish engulfing or pin bar near 3196. Watch for AO turning red = sign of bearish momentum resuming. 🧠 Conclusion Wave (4) looks to be maturing near the 3196 SNR/Fibo cluster, with a bearish reaction expected to kickstart Wave (5). This setup offers a great R:R opportunity if confirmed by price action. Patience and confirmation are key — don’t front-run until a rejection forms. 📈 Let the chart do the talking. Trade what you see.
FOREXCOM:XAUUSDShort
by AwesomeOscDad