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Elliott Wave

EUR/USD: Elliott Wave Setup - Ready for a Potential Buy Opportun **Chart Analysis:** - **Elliott Wave Formation**: Wave 1 is complete, and we’re in Wave 2’s corrective A-B-C phase. - **Wave B Opportunity**: A BUY zone (green) has been identified, based on Fibonacci retracement levels and technical confluence. - **Wave C Target**: After Wave B completes, Wave C provides a future sell opportunity to secure profits from the long trade. - **Wave 3 Potential**: Wave 3, as per Elliott Wave theory, is typically the longest and most powerful wave. Target levels have been marked based on Fibonacci extensions. - **Invalidation Level**: A break below will invalidate this setup. **Trade Plan:** - **Entry**: Place a buy limit order within the highlighted green zone (Wave B completion). - **Targets**: - **Target 1**: . - **Target 2**: . - **Stop-Loss**: Below the invalidation point to protect capital. **Rationale:** - **Confluence Factors**: Fibonacci levels align with key support zones. - **Market Context**: Bullish momentum aligns with overall market sentiment. **Disclaimer:** This analysis is for educational purposes only. Trade at your own risk.
by Greenfireforex
NVIDIA (NVDA): DeepSeek’s AI Shakeup Sends Nvidia PlummetingNvidia is down an astonishing 15% in just a few hours. The primary driver? Fundamentally, the announcement of Chinese startup DeepSeek has sent shockwaves through the market. This previously unknown company reportedly holds a significant number of Nvidia chips and claims to have developed an AI superior to ChatGPT with just a $6 million investment. This disrupts the entire tech landscape, as companies like Google and others are pouring billions into AI research and development. The news casts doubt on the competitive edge of industry giants, and Nvidia is caught in the crossfire, given its strong ties to AI development and chip demand. From a technical perspective, Nvidia recently respected the upper boundary of its volume profile but failed to break above it—a likely factor contributing to this sell-off, though the DeepSeek announcement remains the major catalyst. The price has now dropped back to the Point of Control (POC) at $120, leaving a significant gap behind. While a complete gap fill would be surprising in the short term, it’s not out of the question. However, we’re not looking to catch a falling knife here. Given the uncertainty around potential developments with DeepSeek, caution is important. Our current plan is as follows: We are keeping the stop-loss for our first position at $114.50 to limit risk. A second entry is being considered in the range between $111 and $106.70, as this aligns well with both the wave ((ii)) structure and the volume profile. This plan is not yet finalised, as we’re closely monitoring how the situation unfolds. For now, patience is key, given the volatility and the ongoing uncertainty.
NASDAQ:NVDA
by freeguy_by_wmc
1
GOLD → Character changes, bearish premise emergesGOLD updates the low and tests trend support, testing the market and traders' nerves. The dollar is rebounding, putting pressure on the metal. Gold is moving into a correction, gradually changing the bullish nature of the market to bearish under selling pressure due to growing demand for the dollar amid fears of a trade war over Trump's policies. The issue of tariffs by the US is still open. Meanwhile, traders' attention is focused on data on durable goods orders and consumer confidence in the US, as well as the Fed meeting, the outcome of which will be announced on Wednesday. Technically, after breaking the bullish structure, the price is testing the channel support. It is quite difficult to break this line from the first time and the price may form a correction to 2745, or to the imbalance zone, for example, to 2750- 2760 Fibo, before the market desire to sell resumes. Resistance levels: 2745, 2751, 2760 Support levels: 2735 (trigger), 2717 If 2745 does not miss price and gold returns to 2735, then we should prepare for a break of trend support. In that case, an impulse to 2717 could form. But, if 2745 does not hold the price, gold may test 2750 - 2760 before falling further. Regards R. Linda!
FX:XAUUSDShort
by RLinda
18
SPX Pullback Expected To Hold in 3, 7 Or 11 SwingsShort Term Elliott Wave view in S&P 500 ( SPX) suggests that rally to new all time high on 12.16.2024 at $6099.97 ended wave ((3)). Pullback in wave ((4)) is proposed complete at $5773.20 as the 1 hour chart below shows. Internal subdivision of wave ((4)) unfolded as Elliott wave double three structure. Down from wave ((3)), wave (W) ended in lesser degree 3 swings at $5832.30. Wave (X) bounce ended in 3 swings at $6049.75 high. Then wave (Y) lower ended at $5773.20 low with another lesser degree 3 swings thus completed wave ((4)) pullback. The Index has turned higher in wave ((5)) and managed to make a new high above previous wave ((3)) high of $6099.97 confirming the next extension higher. Up from wave ((4)), the rally took place as an impulse sequence where wave ((i)) ended at $5871.92 high. Wave ((ii)) pullback ended at $5805.42 low. Index nested higher in wave ((iii)) & ended at $5964.69 high. Then wave ((iv)) pullback ended at $5930.72 low. Above from there, wave ((v)) ended with extension at $6128.18 high & completed wave 1. Down from there, the index is doing a pullback in wave 2 against 1.13.2025 low. Therefore, pullback should hold in 3, 7 or 11 swings looking for more upside.
SP:SPX
by Elliottwave-Forecast
1
XLMUSDT → Attempt to change the local trendBINANCE:XLMUSDT is entering the correction phase after attempting to forge an uptrend. Price is breaking support due to the change in market nastreonium and bitcoin correction. Bitcoin is moving into a correction, which is generally creating pressure for the already weak altcoin market. The reason is disappointment from the cryptocurrency community due to the lack of hints about cryptocurrencies in the new President Trump's speech. The market is trying to digest this fact as part of a correction. XLM is technically breaking the ascending support inside the global descending channel, meaning that the pressure on the market from the bears is still present. Support levels: 0.4177, 0.3896 Resistance levels: 0.460, 0.4955 The focus is on the previously broken channel boundary and the support level at 0.4177. The price may still test the previously broken channel boundary before falling further. But, a breakdown and consolidation of the price below 0.4177 may provoke sales. Regards R. Linda!
Short
by RLinda
5
SUI → The coin is coming out of an uptrend. Capitulation?BINANCE:SUIUSDT is breaking the bullish structure and testing a trigger that could trigger a strong fall. Yesterday's speech by President Trump Disappointed the cryptocurrency community. The main question is whether a correction is possible? A correction is possible and there are several reasons for that: bitcoin is making a false breakout and generally hinting at a possible price correction after Trump's post-inauguration speech yesterday, where not a word was said about cryptocurrency. Some felt cheated. But, in this context, actions are important, if Trump moves to fulfill his promises, we may have a bullish driver. At the moment, technically, the price is leaving the uptrend and testing the 4.250 trigger. It is a strong enough level, a break of which could make the bulls panic, which could lead to capitulation and price decline. Resistance levels: 4.489, 4.84, 5.12 Support levels: 4.25, 4.00 A retest of the resistance or the previously broken channel boundary is possible, but a break below 4.25 may trigger a fall. A pre-breakdown consolidation is forming around this level. Watch the coin! Regards R. Linda!
Short
by RLinda
10
GOLD (GC1!) ELLIOTT WAVE ANALYSIS - FLAT PATTERN BEARISH©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M (Master Designation). Conclusion: The previously mentioned ALT wave count scenario is triggered, gold continues to fall lower with a ((c))-navy wave. Probability assessment: Main wave count scenario. Forecast direction: Pushing much lower. Long-term bullish potential: Not really, the ((c))-navy wave can move to lower targets; therefore the medium-term outlook is bearish. Details: We are moving down with a ((c))-navy wave in a flat pattern of 4-grey wave. The decline will move to a target of 2,671.0 and then 2,596.7. While the price must remain below 2,794.8 to maintain this view. Invalidation Point: 2,794.8.
COMEX:GC1!Short
by ShaneHua
NVIDIA Wave Analysis 27 January 2025 - NVIDIA broke support zone - Likely to fall to support level 115.00 NVIDIA opened today with the sharp downward gap breaking the support zone located between the support level 126.65 (former monthly low from December) and the 38.2% Fibonacci correction of the upward impulse from August. The breakout of this support zone accelerated the active short-term impulse wave i, which belongs to the intermediate impulse wave (3) from November. NVIDIA can be expected to fall further to the next support level 115.00 (former monthly low from October).
NASDAQ:NVDAShort
by FxProGlobal
Solana 3rd WaveElliott Wave can be very hit or miss, but when used within crypto and technological innovations it actually works a lot of the time. There is no way to properly value these assets so they trade very much in line with waves of price appreciation and technical retracements. I believe we are standing on the edge of entering the frenzy phase, the 3rd wave of a larger 3rd wave price advancement. Get ready to hear all of your friends and family talking about crypto once again.
COINBASE:SOLUSDLong
by Bohrbtc
1
BTC - 4H Elliott Wave AnalysisGreetings, this is an update for our BTC Elliott Wave count. In the past days we created another low and saw a very impulsive reaction to it which can be very well counted as five Wave move up. We assume that blue Wave 4 has bottomed in the dip below 90k on the 13th January 2025 and that we started blue Wave 5. We assume that the recent move up displayed as white Wave 1 is finished as a five wave move up displayed in green and that we started a retracement in white Wave 2. White Wave 2 support sits between the 0.382 FIB at 99337.8 USD and the 0.786 FIB at 92520.3 USD. After we finish white Wave 2 we can calculate targets for white Wave 3. I'd like to add some comments regarding the count. The recent price action is very bullish which opens us a few doors to different possibilities. I'll make another post for "BTC - 1H Elliott Wave Analysis" where I'll discuss a count in case we get a more direct breakout. I'll link it below as note. Be aware that we get the inauguration of Trump next week and the stock market is closed on Monday which both can have some effect on Crypto. Noteworthy is that the red Wave C only touched the 0.618 FIB at 92815.9 USD which is a rare target but a valid one. If we get an aggressive sell of in the coming days we'd assume that the recent move up was only a reset of the red Wave B but we deem that rather unlikely. Additionally I added the 0.382 FIB at 99337.8 USD to the white Wave 2 support area because the recent price actions was very aggressive and bullish which could mean we only get a shallow retracement. The 0.382 FIB is a rare target for a Wave 2 but a valid and we have seen it in the past in Bitcoin. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro