Get started

Elliott Wave

Gold Is Eyeing 2800 AreaGold remains in a strong intraday five-wave bullish impulse and the recent intraday three-wave a-b-c decline indicates for wave 4 correction that stopped perfectly at the former wave "iv" swing low and 38,2% Fibonacci retracement, which is a textbook pattern by Elliott wave theory. With the current bounce, be aware of a bullish resumption within wave 5 that can send the price towards 2800 area, especially if breaks above intraday channel resistance line.
OANDA:XAUUSDLong
by ew-forecast
ALTcoins Have Still Space For More GainsHello Crypto traders! Crypto market remains nicely bullish as expected and if we take a look at OTHERS Crypto market cap chart, which excludes top 10 cryptocurrencies, it's looking for a bullish break into a 5th wave out of wave (4) bullish triangle pattern that can send the price into all-time highs and 500B area. Bullish confirmation is above upper triangle line and 400B area. So, with current risk-on sentiment and while stocks have space for more upside, still watch out for more gains in the Crypto market once current consolidation fully unfolds, especially if we consider USDollar weakness.
CRYPTOCAP:OTHERSLong
by ew-forecast
EURUSD Is Trading At Strong Support While Finishing A CorrectionEURUSD came lower as expected, broke into the fifth wave we talked about last few weeks, and it finally moved into important support levels at 1.02 area. Notice that we are actually tracking the final leg within this downtrend from 2024 high, so ideally its wave C of a higher degree A-B-C correction, meaning that pair can stabilize still some time this month, ideally after the completion of an ending diagonal around important and golden 61,8% Fibonacci retracement. Even RSI is showing a divergence. A bounce in impulse back above 1.0435 will suggest that low is forming.
Long
by ew-forecast
SL Elliottwave AnalysisChart technically, I believe we had a nice impulsive run in 2021, completely the wave 3. Followed by a wave-4 flat correction. Now im anticipating, wave-4 has bottomed in Dec 24 and the price is now starting to rise towards new ATH‘s. Sanlorenzo (Yacht Business) is a rather unknown company. But a true gem IMO. They had good growth over the past years and are showing great financials, with solid net-margins. Insiders where buying this stock aggressively (pricerange marked in green).
MIL:SLLong
by PF_Analysis
SOL - 4H Elliott Wave AnalysisGreetings, this is our update for the 4H Elliott Wave Count of Solana. We dipped into our white Wave 2 support area as expected in our last Analysis. We are looking for an impulsive bounce soon. The white Wave 2 support area sits between the 0.5 FIB at 232.35 USD and the 0.886 FIB at 183.35 USD. It is unclear if the correction is over yet as we can only count 3 waves down displayed in green. We assume we are currently working on the 5th green Wave down which would finish the correction in pink Wave C. We added some targets for the green Wave 5. These targets sit at the 1 to 1 FIB at 220.15 USD, the 1.618 FIB at 205.41 USD, the 0.618 FIB at 213.54 USD and the 0.786 FIB at 205.26 USD. After this correction finishes in either white Wave 2 or red Wave B we expect and impulsive move to the upside in either white Wave 3 or red Wave C. Noteworthy is that the optimal target for pink Wave C sits at the 1 to 1 FIB at 203.79 USD which is in confluence with the the 1.618 FIB at 205.41 USD and the 0.786 FIB at 205.26 USD of the green Wave 5 that we expect. Be aware that we have high impact news later today. Federal Funds Rate followed by the FOMC statement which can lead to volatility. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
1
ETH Elliott Wave AnalysisHello friends We are witnessing the formation of a bullish pattern on the Ethereum chart and we expect the Ethereum price to grow. Now if we look at the chart, we see that the formed microwaves indicate an upward trend and this trend can be formed in the form of 5 impulse waves or ABC zigzags. But we are in wave 3 or C and we expect the price to grow until its microwaves are completed. But the appropriate range for entry is the $2770-2780 range, because in addition to a strong support, the price cannot close in the closing range of wave 1. Therefore, the best entry price is this range but it can also grow from this price. This depends on your capital management and risk tolerance. This is a weekly analysis and it will take 8 to 12 weeks to achieve it. The first target price is $4,850. Be successful and profitable.
Long
by M_Gheysvandi
Google short: An Update to price and time targetI've previously mentioned that I expect Google to go up towards earnings and then down. This is an update to the same idea but now that the waveforms are clearer, we can roughly gauge how it will move. Of course, as of this writing, I do expect that the price target of $204.29 will be hit before the intersection of the trendline with the Fibonacci Extension level (which is on 6th Feb). Take note that earnings after market hours of 4th Feb. What this means is that we have 2 scenarios with different ways to handle our trades: 1. Price will be hit before earnings: in this case, I expect price to crash immediately in after-hours and at the next opening. 2. Price will be hit after earnings: In this case, I expect price to move up in after-hours, gapped up even above our target price of $204.29 and then started to sell down.
NASDAQ:GOOGLShort
by yuchaosng
10
GOLD → Buyers are serious about retesting ATHFX:XAUUSD on the background of yesterday's news played both ways. The dollar could not win from this situation, which as a whole favorably affects the price of metal. ATH as a target is still relevant. All attention is focused on the US GDP data for Q4. Slowdown in economic growth may increase interest in gold as a protective asset, especially against the background of possible trade tariffs of Trump and ambiguous reports of techno-giants. The Fed kept the rate, but tightened the rhetoric, which temporarily weakened gold, but the weak dollar and understanding of economic risks helped the metal to partially recover. Technically, the rebound from the support of the ascending channel is forming, the price is passing resistance levels on its way. Resistance levels: 2784, 2790 Support levels: 2771, 2766 Technically, from these support zones we should continue to wait for the growth towards 2790. But, based on the manner of price approach to the historical maximum, there is a probability of a small correction from 2790, after which the market will show either readiness to go even higher, or to form a deeper correction. Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
ONDOUSDT → Resistance Breakthrough. Ready for the raceBINANCE:ONDOUSDT.P continues to hold an uptrend with cyclical counter-trend corrections. The chart is showing signs of an end to the correction and a readiness to go up A rather large consolidation has been formed against the background of the main uptrend. Regarding this, the price is trying to go up, breaking the resistance of consolidation (triangle) and overcoming the next obstacle in the form of key resistance at 1.538. The emphasis is on this level. If the bulls manage to keep the defense above 1.538 support, ONDO may show a recovery to 1.7 - 1.9 - 2.15 in the short to medium term. Support levels: 1.538, 1.44 Resistance levels: 1.7344, 1.90 A small pullback to support and formation of a false breakdown is possible, but price consolidation above the level will be a confirmation of readiness to go up. Targets are marked on the chart! Regards R. Linda!
Long
by RLinda
10
MSFT Long then Short: Wave 2 and Wave 3MSFT has completed the first intermediate wave 1 of 3 (blue waves) and now with the last 2 reversal candles, I am expecting it to push up in a wave 2 of 3 before coming down again on a wave 3 of 3. The Fibonacci retracement levels are references for where the price may be rejected as it moves up in this wave 2 of 3. The black down arrow is where I think it might be rejected. I am setting this as a "short idea" even though in the short-term I expect it to move up. Reason being that the bigger trend is down.
NASDAQ:MSFTShort
by yuchaosng
NIFTY50.....End of wave 3 of c?Hello Traders, Something really interesting happened this morning! A "Morning Star" occurred, and it was "created" by the candles from Friday the 24th to Tuesday the 28th! A morning star is made up of three candles. The first day could be bearish, the second day is lower than the previous day and ideally it is a bearish day as well. The next day needs a gap to the upside, followed by a bullish day! This is exactly what happened during this period. So a buy signal is given when the closing price is above the previous day's level, here at 23138. The stop loss is placed at the bottom of the star; in this case @22786.90! But I think one or two lower lows are needed to complete the wave structure. We shall see. Once again! There is no need to rush because there is no bullish sign or divergence. Another argument is that the price hasn't left the Bollinger Bands on the downside, which is always a good indication of an "oversold" situation! OK, if a "wash out" occurs in the next day or two, I will be ready for a trade. But! Not yet! Have a great week..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk.
NSE:NIFTY
by ruebennase
6
Are we sending HBAR higher or in Buy The Dip mode?While liquidity is drained from many altcoins and prices stagnate, HBAR is showing an impressive performance. Will HBAR continue on to challenge its 2021 high and achieve a new ATH (All-Time High)? As a self-proclaimed Elliottician, there's one point that concerns me. This correction since December 3rd has been too prolonged—it's difficult to interpret it as a single wave cluster. In one possibility, we might have already entered a new progressive wave (the circled green 1-2-3-4-5). However, it takes on the somewhat exceptional form of a leading expanding diagonal in that case. If the bullish scenario takes an exceptional shape, let's also consider exceptions for the bearish (correction) scenario. In this case, isn't truncation a possibility? In other words, the high on Christmas might have been the end of the upward wave following a correction that could be WXYXZ as an impulsive wave 4. There are multiple possible ways of counting, but in this case, it's possible to count the high on January 17th as the B of an expanded flat—that is, the B as an irregular top. Turning our eyes to the weekly chart, the red box clearly functions as a resistance zone, and it appears to have formed a double top. If candlesticks are pushed out from this resistance zone, it would be natural to anticipate movement in a downward direction. Nevertheless, HBAR holders, including me, will simply accumulate more if the price drops, won't they? Will that opportunity present itself?
CRYPTO:HBARUSD
by jackrabbitrage