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Elliott Wave

GOLD → Why is the metal rising? A chance to upgrade ATH to 2800?FX:XAUUSD rallies and seeks to renew the local maximum. The fundamental background is changing in favor of the metal, to which aggressive buyers are running... Gold is not reacting to the dollar rally and hawkish Fed rate statements. Markets now rate the probability of a 0.25% Fed rate cut in December at 51%, up from 84% a week ago. The reason for the metal's rally is paramount to the escalating conflict in Eastern Europe. The US Democrats have untied the hands Ukraine, which has caused Russia to change its nuclear doctrine and lower its threshold for retaliatory decisions. The conflict, fundamentally, is taking a more serious side. Gold, as a hedge asset in times of crisis, is soaking up investor money and feeling strong buyer support Technically, we are getting a high probability that the metal can update ATH to 2800-2850. Resistance levels: 2710, 2731, 2750 Support levels: 2689, 2680, 2674 There is strong resistance ahead, which may trigger a correction to the nearest liquidity zones, but we are not talking about reversals. The correction may end quickly and the price will go into the bull run phase again. Medium-term targets are 2731-2750 Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
17
Alikze »» ETH | Supercycle Bullish Wave 3 or C Scenario - 1W🔍 Technical analysis: Supercycle Bullish Wave 3 or C Scenario - 1W 🟢 BINANCE:ETHUSDT Ethereum currency in the weekly time frame: As mentioned in the previous analysis , the supply area can have two movement paths. 🟢As mentioned: The first scenario, after completing the first wave in the supply area with a correction to the support area of ​​the green box area, the range of $2,500 extended. Meanwhile, in the lower time frames, the details of the behavior of the Ethereum currency were also fully discussed. 🟢 However, in the 4-hour time frame, the ascending micro-waves of the first cycle were examined, as predicted, the ascending wave extended to the supply area of ​​3,200 to 3,500. 🟢 Therefore, the first cycle can end in the current range or slightly higher and form a zigzag correction to form a 3-of-3 ascending wave. 🟢 However, according to the movement path predicted in the previous analysis, this ascending cycle has the ability to grow at least to the 0.78 Fibo area of ​​the previous wave. 🟢 Considering that this cycle is inside a triangle, it can continue as long as the triangle base. 🔴 Important: Due to the application of the triangle base and the ability to grow to the supply area specified according to the Elliott scenario, this bullish cycle will be able to grow to the large supply area after breaking the 0.78 Fibo area. Considering the current momentum and the bullish engulfing candle in the green box area, the following targets can be touched. 🎯Previous major ceiling, 🎯 Next target 6832 🎯 9357 🎯 Specified supply area (large red box) ⚠️ In addition, in the first step, considering the first bullish cycle, I expect no correction to extend to the Invalidation LVL area. ⚠️ After that, and after the previous major ceiling area is broken, the Invalidation LVL area will be updated. In case of a change in behavior and structure, its details will be reviewed and updated. »»»«««»»»«««»»»««« Please support this idea 💡 with a LIKE 👍 and COMMENT 💬 if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email 📧 in the future. 🙏Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by alikze
2
NAS100 afternoon updateBearish case for NAS100. From ATH of 21247.5, proposed impulse wave down (red ellipse) and corrective wave up (green ellipse). Price action in the context of proposed ending diagonal wave ((5)) (wedge) and failure of price to tag median line (red line) of pitchfork. Bottom of wedge has held as support for price in proposed wave (2) (red ellipse). If count is correct, first sign would be impulsive price action (wave (3)) to break below wedge and head towards target of 18297.4. If this is the market top, price will likely go much lower, back towards October 2022 lows.
PEPPERSTONE:NAS100Short
by discobiscuit
1
NIFTY50.....Sucker-wave has started!Hello Traders, the NIFTY50 has declined to 23263 on Thursday and my forecast ("...one more lower low") played out well! The decline since the ATH is to count as a "five down" and Friday's price action seems to mark the end of the weakening phase and a pullback has begun!? If so, a first target range is around the 24484 to 24537 range with more bullish potential exist. Even more, the N50 has fallen into the area of the 0.618 Fibonacci of the advance from 21281 to 26277! Anyway. Normally a correction is to watch with a first leg done, a "counter-trend move" into the main direction of the larger trend, and finally, a second leg down to complete the correction. So, we have probably seen a first leg down and the coming days could be bullish. I have labeled the chart as a wave (v/a?) with a "question-mark, 'cause I am not sure what next to come. Seasonal we are in a phase of bullish price action, but....!? We will check the pattern early next week and see.... Have a great weekend..... Ruebennase Please ask or comment as appropriate. Trading on this analysis is at your own risk.
NSE:NIFTY
by ruebennase
USDCHF Elliott Wavehello friends We see a triangle in the USDCHF currency pair. Triangles are always seen in wave 4 or B zigzag. But everything depends on where these triangles break. It usually moves in the same direction after the break and the Pullback goes to the lane. My theory is wave B of Zigzag and the price is more likely to go up. Stop loss can also be set at the end of the previous wave or previous swing, because if the previous wave or previous swing is broken, the analysis and the selected path are invalid and you have to enter the trade in the direction of the price break. . The probability of price increase is much higher than its increase. Therefore, we have prepared a trade for a bullish move. To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
Long
by M_Gheysvandi
1
XAU/USD 20.11.2024OANDA:XAUUSD Hello Traders, Here are my thoughts for the coming days/weeks/months, based on the Elliott Wave method: It’s clear that we’ve topped out at wave (3).I anticipate seeing an ABC correction forming within the overall wave A to B. Fibonacci target levels for the smaller wave C can be drawn once wave B is established. My plan is to short at the 78% Fibonacci level where also a high volume area is, riding the move down in wave 4. Along the way, I’m looking for a clean 1-2-3-4-5 setup from the larger wave (B) to the larger wave (C). That would be phenomenal clear chart set up. If you have any questions, feel free to ask! ;)
OANDA:XAUUSDShort
by NeptenFX
Target (TGT): A Buying Opportunity in the GapAfter three months of waiting and planning this setup on NYSE:TGT , we are finally buying shares following the recent drop into the desired breakout gap. Before this move, the stock hovered around the Point of Control (POC), making a breakout in either direction inevitable. This decline now provides a more favorable risk-to-reward ratio, setting us up to aim for the all-time highs once again. If the level of wave (4) is breached, we will need to reassess our bullish outlook and consider a potential deeper correction. However, the setup remains promising as the 78.6% and 88.2% Fibonacci retracements align perfectly with the lower edge of the gap. Historically, NYSE:TGT ’s oversold RSI since 2019 has led to a minimum 50% pump in four out of six cases, further solidifying our bullish view. The next critical level to watch is $180—reclaiming this resistance will be crucial for continued upward movement. Until then, we will stay patient and monitor the situation. ✅
NYSE:TGTLong
by freeguy_by_wmc
McDonald’s (MCD): Crisis Management and Market ReactionWhat a perfect flat this is on McDonald’s. Already back in the range and finished the wave ((ii)) at the 50% Fibonacci retracement level. Far more downside is expected for $MCD. If we are right about this intra wave count, we should see the level of wave ((iii)) to be at a minimum of $258.5. The outbreak that caused the big drop was linked to slivered onions used in Quarter Pounder burgers, which affected 104 individuals across 14 states and resulted in one death. To address the crisis, McDonald’s will invest $35 million in marketing and advertising campaigns to rebuild customer trust and foot traffic. Additionally, $65 million will be directed toward franchisee support, including deferrals on rent and royalties. To recover from this significant image damage, it will likely take much time for NYSE:MCD to resolve these challenges. Therefore, it would also be valid if NYSE:MCD sweeps the range low at the level of $245 before coming back to at least the range middle.
NYSE:MCDShort
by freeguy_by_wmc
Gold Analysis==>>Contracting Triangle!!!Gold ( OANDA:XAUUSD ) is moving in the Resistance zone($2,688-$2,666) . According to the Elliott wave theory , Gold has successfully completed microwave 4 with the help of a Contracting Triangle and is currently completing main wave 5 . I expect Gold to go up at least as far as the Potential Reversal Zone(PRZ) [$2,679-$2,675 ] and the upper line of Bollinger Band and then correct . Note: In previous posts, I told you that the Bollinger Bands indicator works well for gold in the 1-hour time frame. 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
2
100k might start wave 4 of 5Hi all, what an exiting time to be part of crypto. BTC is putting in all time new highs almost daily at the moment, it's incredible to watch. This chart shows that hitting 100k might end the gorgeous wave 3 of 5 we've been having of late and plunge is into a wave 4. Not to worry, if this happens this will be a lovely buy dip as wave 5 will be owed at this point. Don't forget, this 1-5 impulse is only wave ONE of FIVE of a higher degree of trend so there's plenty more up to go as yet. Follow more more.
Long
by cryptechcapital
USDBRL_1W_Buyhello Analysis of the Brazilian real in the medium and long term Elliott wave analysis style The market is in an upward trend and in the medium term we are in wave 3, which wave 3 includes 5 waves. The target of wave 3 is 6.5500 and again we can have a correction as wave 4 to 5.8800 and continue to climb for the big wave 5 towards 7.4400 Sincerely, I am a dear Brazilian and the country is extremely beautiful and the entire continent of America ends in the great country of Brazil. I traveled around the continent of America in 2024 and I have not seen a country like Brazil, especially Sao Paulo. I wish all the best for Brazil
Long
by Elliottwaveofficial
4
EURUSD → Consolidation “flag”. Willingness to go below...FX:EURUSD is forming a consolidation in the “flag” format, the purpose of which, in the current situation, is to accumulate the potential for continuation of the trend... Fundamental background is still negative. On D1 we can clearly see the consolidation below the key level of 1.0600 after a strong fall. There is no proper and logical reaction in the form of a pullback. Accordingly, based on this we can conclude that the dynamics and strength of the buyer is not enough to reverse the local situation. The dollar is starting the recovery phase again, which may put pressure on the euro. Technically, the emphasis on consolidation “flag”. The exit of the price from the boundaries of this channel will provoke further movement. Resistance levels: 1.0606 Support levels: 1.0521, 1.044 It is not worth trading inside the flag. The exception is a retest of resistance. Opening an order is acceptable after a false breakout. But, the emphasis is on 1.052. Breakout and fixing of the price below this zone can strengthen the fall Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
5
SOL → One step away from ATH. Will the maximum be updated?BINANCE:SOLUSDT is rallying and testing the high of 248.44, but what is remarkable is that the coin is not pulling back, but consolidating with the aim of reaching ATH or even updating it. The fundamental background of the coin is strengthening as an exchange-traded fund may emerge on the basis of Solana, most likely the issue will be discussed in 2025. There are only 2 ETFs approved so far, bitcoin and etherium. Technically, on W1 the bulls are trying to take control of the 243-244 area. Buyer's chances are quite promising, accordingly, if they manage to keep the defense above this zone, the coin has all chances to form a new all-time high. Resistance levels: 245.3, 248.5, 259.9 Support levels: 242.3, 234.3 The trigger zone is 245.3. A breakthrough and price consolidation above this zone may provoke aggressive buying with the purpose of growth continuation. It is possible that the price may form a correction, for example, to 242.3, 238, 234 before continuing its growth Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:SOLUSDT ;) Regards R. Linda!
Long
by RLinda
1
GOLD: Correction Likely After Impulse RallyThe 4-hour XAU/USD chart shows a completed Elliott Wave (1-5) structure, with wave (5) reaching the $2,655-$2,660 resistance zone, indicating a potential reversal. A corrective ABC pattern is expected: Wave A: Targeting $2,620-$2,630 (middle support zone). Wave B: Minor retracement below $2,655. Wave C: Extending to $2,600-$2,610 (lower support). As gold prices are highly sensitive to macroeconomic events, traders should use proper position sizing and stop-loss levels to mitigate risks. Keep an eye on upcoming economic releases and geopolitical tensions that might affect market volatility. Good luck
TVC:GOLDShort
by me22_
GOLD ELLIOTT WAVE ANALYSIS: 22 NOV, 2024 ©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M. The ((a))-navy wave has completed as a Five-wave, so it is very likely that the entire ((a))((b))((c))-navy corrective wave is developed as a Zigzag ( 5-3-5). And we are moving forward with its ((b))-navy wave, which is probably developing as a Zigzag, labeled (a)(b)(c)-orange. The (a)-orange wave is almost completing its role as a five-wave, I can already count the i-grey wave to the v-grey wave. Basically the v-grey wave can push a little higher, and we will have a pullback with the (b)-orange wave after the (a)-orange wave is completed. After wave (b)-orange ends, wave (c)-orange will continue to move higher, aiming at targets around 2.691 - 2.735. And I will update continuously to follow all its developments. The push below the lower edge of the Channel is a first sign that the (a)-orange wave may be ending. ALT WAVE COUNT (Less likely): Shows that wave 4-grey ended earlier than expected, and wave 5-grey is unfolding higher. When price breaks through 2.735, I will focus on this view.
TVC:GOLDLong
by ShaneHua
NYSE:MU - ELLIOTT WAVE ANALYSIS: 22 NOV, 2024 - BULLISH©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M. I see that an ABC-grey probably just completed recently at the 84.12 low, and the corrective waves are followed by motive waves, so I expect a much higher push in this stock. Looking closer, I see that the 1-grey and 2-grey waves just completed at 95.53 and it looks like the 3-grey wave is unfolding. It is subdividing into ((i)),((ii))-navy. And after the ((ii))-navy wave is over, we can go long towards the ((iii))-navy wave. While price must remain above 95.53 to maintain this view. Key point: Wave B of wave ((ii))-navy.
NASDAQ:MULong
by ShaneHua
Alikze »» TAO | Scenario 3 or C bullish - 1D🔍 Technical analysis: Scenario 3 or C bullish - 1D - In the analysis presented in the previous post on the daily time frame, it was noted that the BINANCE:TAOUSDT AI in the supply zone can have two movement paths. - Considering that the movement cycle in the supply zone ended and had a correction to the green box area. - Considering the correction in the green box area and the creation of demand in the range, therefore, the previous movement cycle can be considered as wave 1 and the correction in the green box area as wave 2. 💎So with the recent zigzag correction, the BINANCE:TAOUSDT currency can have a movement cycle in the form of wave 3 or C of the bullish super cycle. 💎Considering the behavior and structure of the movement, it is in wave 3 or C of the bullish. ⚠️ In addition, if the price touches the Invalidation LVL area, the bullish scenario is invalidated, the chart should be reviewed and updated again.⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by alikze
$SPY November 22, 2024AMEX:SPY November 22, 2024 15 Minutes. The gap up at open was managed will and 584 is still holding up good. Now for the last rise 587.43 to 595.12 AMEX:SPY need to hold 590 today to continue uptrend in 15 minutes. I will sell only when AMEX:SPY goes below 589 for 584-585 SL 590.5 for today. The gap up made on 6th November is holding good and AMEX:SPY has taken multiple support last few days on top of gap. So far. In 60 minutes 584-585 is a good support so far and is also 200 averages. Having managed to attain 592-593 target, holding 590 i have a target 595 to 598 initially.
AMEX:SPYLong
by RiderTrader