Shopify Selling. SHOPYes, similar pattern we've seen in a number of tickers today. Very early days, so a tight stop is necessary. Fifth wave gaps can and do happen.
Elliott Wave
FLOKI Wave C
Following up on my previous analysis, the black ABC correction is clearer now.
We're currently in wave C, which coudl target 0.00003685, the 100% extension of waves A-B (purple line).
The hurdles to an upside reversal are:
Green descending trendline.
Blue resistance
Gray resistance
At this moment, I see no reason to be bullish.
Triangle Breakout for NextEra Energy. NEEPivots are always hard to pick. I can see at least two triangles here, which have both been broken out of. It may be an early impulse to a down going Elliott diagonal.
Volatility, momentum has been less and less bearish, while Bollinger Band derivative indicator is all over the place.
Yet, MIDAS is crossed and vWAP/US combo are aligned, below the candle and upgoing.
Early Sign on General Electric Pivot. GEAnother profitable take last time, despite entertaining a wrong Elliott count. the last idea is linked in to this one
A constellation of factors again on a pivot.
1. Impulse wave completion.
2. MIDAS, BB%PCT cross.
3. vWAP/US combo aligned and bearish.
4. Suspect RSX divergence, now out of OBOS territory.
5. VZO and Stochastic indicator crossed to bearish a while ago.
There are many more interesting things on the chart as far as indicator alignment goes, but its not a listing competition here. Five is generally enough for me to consider putting a position down bullish or bearish.
Morgan Stanley Correction. MSOur last take on MS was dead on and quite profitable. The idea will be linked to this one. ABC zigzag, now impulsing down in C wave. Indicator below are bearish but quite choppy, making meaningful interpretation difficult. Price action, MIDAS cross and behavior of vWAP/US duo are key factors in this decision making.
Netflix Flips. NFLXA correction is well overdue on this one. There is a convincing constellation of indications on this price action, so where to begin?
A five wave impulse appears to be complete, and price action reverses tonality of the previous impulsive bullish candles. Divergences on RSX, BB%PCT. MIDAS line is crosses, while vWAP and US lines are aligned and are above the candle. VZO crossed bearishly and trigger line crossed the ribbon. BB%PCT is now bearish crossing the zero line and Ehler's Stochastic RSI is bearish as well and has been for a while.
Mastercard Curving Back Down. MAAnalyzing price action here for a suspect pivot on Mastercard. A 5 wave impulse is done, a part of a much larger structure, now crossing MIDAS curve after a tight trading range.
Tight trading ranges inevitably lead to squeezes, and this might be a breakout to the downside in the last two candles. Ehlers is especially telling here, as it clearly indicates a divergence all the way through the tight trading range, which is a bearish sign on its own.
Fourier smoothed VZO plus offset trigger is generally bearish but less revealing otherwise. Bollinger Band %PCT just flipped and is expected to go lower with the most recent bearish price action
Meta Platforms Finishing Local Trend. METAElliott Wave impulse is possibly finished, yet relying on Elliott counts alone comes with unfathomable risk, I looked for a constellation of additional pieces to qualify a short position on the 12H chart.
That is fairly strong bearish price action with lower lows, and indicators are generally bearish or downgoing in the least. More relevantly, RSX left OBOS territory, MIDAS curve has been crossed, and VZO/Ehler's StochRSI have crossed almost in tandem.
Ultimate goal is bottom of A, which an elliotician will recognize to be frequently 0.382 retracement, which interestingly forms a Fib cluster with the supposed fifth wave at 0.786 minor retracement.
Optimism: The Optimistic ViewNASDAQ:OP
The all-time chart of #OP suggests a completed major diagonal first wave, followed by a double combo correction.
The recent bottom is either the final low or a last drop is needed to end the correction since March 2024.
Passing $2.78 confirms the correction’s end and signals a new all-time high.
Breaking the all-time low at $0.39 invalidates this idea.
#Optimism
XAU/USD Weekly Outlook – Bearish Wave Confirmation?Gold (XAU/USD) is showing a potential Elliott Wave structure on the 2H timeframe, with a completed 5-wave impulsive move followed by an ABC correction.
🔴 Key Resistance: 2947
🔵 Key Support: 2923
📊 Possible Scenarios:
1️⃣ A rejection from resistance (2947) could confirm a wave C down to the 2907 - 2893 zone.
2️⃣ A clean break below 2923 could trigger further downside momentum.
3️⃣ If bulls reclaim 2947, we could see another upside attempt.
⚠️ Bearish Bias: Watching for confirmation before entering shorts! 📉
👍 Like & Follow for more updates! 🚀
Falling of gold this week based on Elliott waves!Gold is in an important range and according to the Elliott Guard waves, it has taken a downward trend. The main resistance number is $2947 and as long as only this number is maintained as resistance, the trend can move downward towards the $2900 range.
$SPY February 24, 2025AMEX:SPY February 24, 2025
15 Minutes.
The move from 610.70 to 599.47 is extended.
Hence a retracement is possible.
I expect a retracement to 602-603 levels.
On weekly have a bad close.
High was made and close was near low.
On daily $\spy near 50-day average.
I expect a bounce to 603 -604 levels this week for a target 594 being 100 moving averages.
Not a week to go long.
As expected, 613-614 provided resistance and AMEX:SPY pulled back as extension targe was achieved.
[PiCoin] Attempt at counting Elliott Waves in PiCoinBITGET:PIUSDT is the new crypto kid of the block and everyone is talking about it so I thought I will take a shot at it and see how it looks from Elliott Waves perspective. Watch the video to know the important levels one needs to watch out for along with tentative counts.
TSLA Harmonic Elliott Wave and Hurst's Cyclic AnalysisI view the move from April to December 2024 as wave A of 3. Since then, we have been in wave B of 3, forming a double zigzag correction. Currently, we are in the final stages of completing this correction and preparing for a strong bullish move as wave C of 3.
To estimate the bottom, we analyze the retracement of wave A of 3. A 0.586 retracement suggests a level of 285, while a 0.618 retracement points to 274.
From a cycle perspective, the April 2024 trough marked an 18-month cycle low. We are now nearing the completion of the first 40-week cycle within this 18-month cycle, with the trough expected in the first week of March.
DOGE: Paws and ReflectIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
DOGE Bull Variant: Key Levels & Bullish Confirmation
Dogecoin (#DOGE) is showing some bullish potential, but it’s far from a done deal. While we’ve seen a reaction out of the Golden Corner Pocket, the bulls still have work to do before confirming a sustained move higher. Here’s what I’m watching to determine if this setup is worth my money.
Golden Corner Pocket Reaction – But Is It Enough?
A reaction from a Golden Corner Pocket is often a strong technical signal that suggests a potential continuation in trend. However, a reaction alone isn’t enough—it’s the follow-through that matters. Right now, DOGE has made a move, but I need clear bullish confirmation before considering a trade.
Step 1: Breaking Above $0.25 in an Impulse
For bulls to prove themselves, $0.25 is the first key level to clear in a strong impulse. This move would indicate buying strength and a willingness to push beyond resistance zones. Without this break, the reaction out of the Golden Corner Pocket could be nothing more than a short-term bounce.
Step 2: Taking Out a Lower High
After breaking $0.25, the next sign of strength will be taking out a prior lower high. This would indicate a shift in market structure and signal a stronger bullish trend development rather than just a temporary push up. Until this happens, the setup remains unconfirmed.
Risk Management: If Bulls Don’t Deliver, I’m Out
I’m not in the business of hopium trades—if the bulls fail to step up, DOGE doesn’t get my money. Simple as that. Without a clean breakout and confirmation of bullish intent, I’ll remain on the sidelines and wait for a better opportunity.
Final Thoughts
Right now, DOGE is at a crucial moment—a reaction out of the Golden Corner Pocket is promising, but $0.25 needs to break with conviction, and we need to clear a lower high to establish bullish control. Until then, I’m watching but not committing.
What’s your take? Do you think DOGE bulls have what it takes, or are we looking at another failed rally? Drop your thoughts below!
Trade safe, trade smart, trade clarity.
GOLD: Retesting trend support before the NEWS.:
🚀 XAU/USD Bullish Outlook – Ascending Channel Holding Strong! 📈
🔹 Gold Spot (XAU/USD) – 1H Chart Analysis
📊 Current Price: $2,937
🎯 Target 1: $2,960
🎯 Target 2: $2,980
🛑 Invalidation: Break below the trendline
📌 Key Insights:
✅ Ascending Channel Intact: Gold is trending within a well-respected ascending channel, with price bouncing off the lower boundary, signaling bullish strength.
✅ Strong Support & Liquidity Areas:
The recent Fair Value Gap (FVG) and Break of Structure (BoS) indicate key liquidity zones where buyers have stepped in.
A confirmed Change of Character (ChoCh) suggests a shift back to the upside.
✅ Bullish Momentum Building:
Price recently bounced off trendline support, forming higher highs & higher lows – a textbook bullish structure.
If momentum holds, we could see $2,960 - $2,980 in the coming sessions.
🚨 Risk Management: A break below the trendline could invalidate this bullish setup, potentially leading to a drop toward $2,900 support.
📢 Do you think Gold will hit $2,980? Comment below with your thoughts! 👇👇
#Gold #XAUUSD #Trading #Forex #TechnicalAnalysis #AscendingChannel #BuySignal 🚀🔥
AVAX | Elliott Contracting Triangle | Bullish ContinuationLooking to see price reaccumulate at these lows and to finally take off some time around April.
I'm eyeing next targets to be around $80 after we breakout from the contracting triangle.
Overall price action is in the expansion phase out of the 4 Market Cycles and this adds a lot of confluence for a bullish play to come.
SPY Ready for Impulsive or Ending Diagonal?This 5th wave isn't feeling impulsive at all and if anything is indicating bearish RSI divergence. For these reasons, I feel that wave 5 is in what we call an ENDING DIAGONAL. Ending diagonals are really tricky to trade, as they have a series of overlapping movements. Price struggles to move higher, indicating exhaustion. Will still get a move to the 630 to 670 area, but if trying to trade it, the ups and downs vs impulsive behaviors make this tough to trade. After completion, there is typically a deeper correction, and since I am expecting a larger wave 4, this feels correct as well.
Now there is always a chance we haven't finished the prior larger wave 4 and we are either in a running or expanded flat, but will need to see a bit more to understand that scenario. Running flat would reverse soon and then impulsively higher vs expanded will undercut 574 and then rip higher (show on chart with green impulsive waves).
Elliot wave is so much easier to understand once the waves are completed vs speculating where they are going next!
[PI Coin] If 0.68 holds, we should start wave 3 up towards $4BITGET:PIUSDT chart is setting up nicely for a bullish up-move, if 0.68 holds which happens to be the wave 2 low. If these counts are correct then we have completed minor wave (1) of larger 3 and (2) of 3 is in progress. That leaves wave (3) of larger 3 to start which should cover most of the distance towards wave 1 and 3 equality around 4 usd.
Down for BitcoinHi traders,
Bitcoin is in a big range. If it wants to go up I think it could come down one more time into the direction of the dotted trendline to break the previous lows.
So at the moment we could see more downside for this pair.
If Bitcoin wants to make a new ATH it could not go lower than (orange) wave 4.
Let's see what the market does and react.
Trade idea: Wait for a sweep of the previous lows, a change in orderflow to bullish and a small correction down on a lower time frame 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
The Bullish Case of ORDIORDI seems to be finalizing the major wave (2) soon.
I expect a final dip below $10 that should mark a major bottom with a condition of finding a strong buying volume during this expected drop that breaking $11.792 would confirmed it.
Passing $30, then $53, confirms a new all-time high and potential for much higher targets.
#ORDI
Up for goldHi traders,
Last week XAUUSD slowly went up after a bigger correction down the week before.
It looks like this pair finished (grey) wave 4 and is now in (grey) wave 5.
It this is true, then next week we could see more upside again.
Let's see what price does and react.
Trade idea: Wait for for a change in orderflow to bullish and a small correction down on an lower time frame 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
