Elliott Wave
Gold Wave Analysis – 19 March 2025
- Gold continues daily uptrend
- Likely to rise to resistance level 3100.00
Gold rises sharply after breaking the resistance zone between the resistance 2956.00 (top of the previous impulse wave 3) and the round resistance level 3000.00.
The breakout of this resistance zone accelerated the active impulse wave 5 of the higher order impulse wave (3) from November.
Given the clear uptrend, Gold can be expected to rise to the next resistance level 3100.00 (target price for the completion of the active impulse wave 5).
ADI rally slowing already?My overall thesis is we are in the very early stages of a multi-year decline ultimately with the S&P 500 below 3500. I have been wrong many times before so I will just take this thing in stages and see if it plays out. After this massive decline, we should be in for a great market rally of many decades. I am expecting the market to end its recent rally this week. The current rarely would be about a week in length depending when it began for individual stocks. The rally has done a few important things with its slow and prolonged upward movement, mainly prevents a wave 3 signal from occurring during the next decline.
My wave 3 indicator tends to signal wave 3s and 3 of 3s. See my scripts for the specifics of the indicator. If the market had a short wave 4 up and then a sharp or prolonged drop during wave 5, a new wave 3 signal would occur which violates the currently placed Minor wave 3 (yellow 3). Allowing separation from the current wave 3 signal enables wave 5 to drop quick or slow.
This chart applies select movement extensions based on wave 1's movement on the left and then another based on wave 3's movement on the right. I keep the values between 0%-100% on the chart for wave 2s and 4s retracements of the preceding wave's movement for reference even though the retracement values would be inverted.
Specifically for ADI, Minor wave 3 was longer than wave 1, which does not place a maximum length on wave 5. Assuming wave 4 ends on Thursday or Friday, Minor wave 5 could be a week or longer. Wave 4 does not need to gain too much more to meet completion criteria, but the sideways movement of the past few days could place the top below 218. During Minor wave 5, at the very least it should drop below wave 3's bottom of 202.59. Using some basic movement extensions, it will likely go lower. The 5 wave lower pattern for this fifth wave is hypothetical, but a bottom could occur between 186-195. Once we bottom, we should see another rally over a few weeks. I will forecast what that could look like as Intermediate wave 1 nears its end.
WFC is moving ahead of the market for better or worse?My overall thesis is we are in the very early stages of a multi-year decline ultimately with the S&P 500 below 3500. I have been wrong many times before so I will just take this thing in stages and see if it plays out. After this massive decline, we should be in for a great market rally of many decades. I am expecting the market to end its recent rally this week. The current rarely would be about a week in length depending when it began for individual stocks. The rally has done a few important things with its slow and prolonged upward movement, mainly prevents a wave 3 signal from occurring during the next decline.
My wave 3 indicator tends to signal wave 3s and 3 of 3s. See my scripts for the specifics of the indicator. If the market had a short wave 4 up and then a sharp or prolonged drop during wave 5, a new wave 3 signal would occur which violates the currently placed Minor wave 3 (yellow 3). Allowing separation from the current wave 3 signal enables wave 5 to drop quick or slow.
This chart applies select movement extensions based on wave 1's movement on the left and then another based on wave 3's movement on the right. I keep the values between 0%-100% on the chart for wave 2s and 4s retracements of the preceding wave's movement for reference even though the retracement values would be inverted.
Specifically for WFC, Minor wave 3 was the shortest impulsive wave, likely indicating wave 5 will be 49 bars (30 minute scale) or less. This will likely put a restriction on the length of the decline. Additionally wave 4 is moving faster for this ticker than it has been on the others I have studied. Minor wave 5 should drop below wave 3's bottom of 65.515. Using some basic movement extensions, it will likely go lower, but likely not too much more. Once we bottom, we should see another rally over a few weeks. I will forecast what that could look like as Intermediate wave 1 nears its end.
While WFC has been trading with most of the other signals I am watching, the current rally could be a sign of Intermediate wave 1 possibly having ended at the current Minor 3 bottom. This would mean we are in Intermediate wave 2 now. In this case, the top of Intermediate wave 2 is quickly approaching (no higher than 78.98. I will evaluate this solution if the rally continues next week.
GOLD → Consolidation ahead of Fed rate meeting...FX:XAUUSD goes into consolidation 3038 - 3024 before the news - Fed rate meeting. The situation is generally predictable, but gold is reacting to rising geopolitical risks.
Gold is stabilizing before the Fed decision , markets are waiting for the data. The regulator is expected to keep rates, but Powell's forecasts will determine further dynamics.
“Hawkish” tone of the Fed may lead to the strengthening of the dollar and gold correction.
“Dovish” signals about economic risks will support the growth of metal prices.
Geopolitical tensions and Trump's tariffs continue to have an impact.The market is preparing for high volatility on the background of the Fed's decision and events in the world
Resistance levels: 2038, 2045
Support levels: 3024, 3015, 3004.9
Several scenarios can be considered for trading:
Breakdown of resistance 3038 - 3045, consolidation of the price above the level with subsequent growth to 3050 - 3060.
Or wait for the reaction to the news and with a possible breakdown of support to look for strong levels to trade a false breakdown, for example 3024, 3015, 3005.
Regards R. Linda!
USDJPY → Resistance retest (wedge) before the Fed meetingFX:USDJPY is forming a correction to trend resistance as part of the dollar index consolidation. An interesting situation is forming which could be a continuation of the downtrend.
Fundamentally, today is an important day. The FED interest rate meeting is ahead. Traders are waiting, the dollar is consolidating at this time. Most likely the rate will remain unchanged, but in this key everyone is interested in Powell's comments on monetary policy and their future actions.
USDJPY at this time is forming a correction to the bearish trend resistance, before the news the currency pair may test the resistance conglomerate: a wedge, 0.79 fibo, or an orderblock located outside the channel
Resistance levels: 150.16, 150.95
Support levels: 148.92
False breakout of the resistance zone can provoke a fall, as well as breakdown of the support of the “wedge” with the subsequent consolidation of the price in the selling zone. The price may test the zone of interest at 147.6, 146.54.
Regards R. Linda!
PGAS Elliott Wave CountA very interesting company with quickly declining shareholder count, dropping from 93k holders in September 2024 to just 72k in February, and expected to drop even more this March due to IHSG's performance.
Additionally, foreign investors have been accumulating for the past year, rising from 17% to 21%. To add even more, local retail ownership of the stock has fallen off a cliff, falling from 15% to just 9% in just a year.
I believe we have finished the second wave of wave C. We shall see more improvements in the coming days.
NG long termwell, gas on charts is looking quite bullish I would say.. maybe it's on fifth EW impulse? RSI is on bullish move, nicely in uprising channel and last week it have retested 50%. Can't say what future will brings but so far I'm buying dips, at least DT I would like to see.
BITCOIN 70K incoming!!!We can expect one more push towards 73-70k region before moving towards 120k. Don't get FOMO seeing green candles now. STAY CAUTIOUS !!! THIS MAY BE A BULL TRAP
What is Gold Waiting For? Is This the ATH 3045? In our group, we secured profits in two rounds when gold hit an all-time high of $3045. Currently, we are still focusing on selling at $3040-$3045, as this is the liquidity grab zone for sellers.
I believe we can still trade within the sideway range, and be cautious of the two liquidity sweep zones as I have marked in the image.
Sell Liquidity 3040-3045: We can place Sell Limit orders in this area.
Buy Liquidity 3020-3025: We can place Buy Limit orders in this area.
The reason for this sideway phase of gold is that the market is awaiting the Fed meeting at 1:30 AM tomorrow, March 20th. After that, a strong trend will emerge. My plan is still leaning towards the Buy side, as the market is currently concerned about a potential economic recession in the US.
Therefore, we can focus on making small profits during this sideway period and wait for the next upward wave.
Thank you for your review, and I hope you'll stay longer by pressing Follow.
Bitcoin at the D-Point of a Bullish Gartley – What’s Next?Bitcoin ( BINANCE:BTCUSDT ) is currently trading near the Support zone($80,600_$79,000) and Potential Reversal Zone(PRZ) and Support line .
Bitcoin appears to be completing the Bullish Gartley Harmonic Pattern .
Educational Note : The Bullish Gartley is a harmonic pattern that signals a potential reversal in an uptrend after a corrective move. It consists of five points (X-A-B-C-D) and follows specific Fibonacci retracements, with the D-point acting as a key buying zone.
Regarding Elliott wave theory , Bitcoin is completing the microwave B of the main wave Y .
Also, we can see the Regular Divergence(RD+) between Consecutive Valleys .
I expect Bitcoin to rise at least to Cumulative Short Liquidation Leverage . If the Resistance zone($84,130_$81,500) is broken, we can expect further increases in Bitcoin .
Note: If Bitcoin breaks below the Support zone($80,600_$79,000), we can expect further declines.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; 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.
Inverse Head & Shoulders in Play – Bitcoin’s Bullish Setup!!!Bitcoin ( BINANCE:BTCUSDT ) touched $84,500 as I expected in my previous post (even higher).
Right now it seems like Bitcoin has managed to break the Resistance zone($84,130_$81,500) and the 200_SMA(Daily) . The formation of the classic pattern , the Inverse Head and Shoulders Pattern , could be a sign that Bitcoin is preparing to break the Resistance zone($84,130_$81,500) .
Another Classic Pattern that we can see on the one-hour Bitcoin chart and hope for an increase in Bitcoin is the Fan Principle at the Bottom Pattern .
Educational tip : The Fan Principle at the Bottom is a bullish reversal pattern where the price forms a series of downward trendline breaks, signaling weakening bearish momentum. As each trendline is broken, buying pressure increases, leading to a potential uptrend.
According to Elliott Wave theory , with the resistance zone broken, we can expect Bitcoin to enter the next impulsive wave , which will likely continue to at least $86,300 .
Also, Today's U.S. economic data release could significantly impact financial markets, including Bitcoin :
UoM Consumer Sentiment : 57.9 (Forecast: 63.1 | Previous: 64.7) – A sharp decline, indicating consumer pessimism about the economy.
UoM Inflation Expectations : 4.9% (Previous: 4.3%) – A worrying increase, which could push the Fed toward a more hawkish stance.
Declining consumer sentiment may pressure the Fed to adopt a more accommodative stance, which is positive for risk assets like Bitcoin.
Rising inflation expectations could increase demand for inflation-hedge assets like Bitcoin.
However, if the Fed sees inflation rising as a concern, they may maintain a tighter policy, which could weigh on markets.
Today's data presents mixed signals, but falling consumer confidence and rising inflation expectations could ultimately fuel Bitcoin's next leg up.
Based on the above explanation , I expect Bitcoin to rise to at least the upper resistance zone($87,000_$85,820) after completing its pullback and complete the mission of filling the CME Gap($86,400_$85,595) . Of course, a CME Gap($80,760_$80,380) has also formed.
In your opinion, has Bitcoin finished its correction or created an opportunity for us to escape again?
Note: If Bitcoin falls below $81,300, we should expect further declines.
Note: If Bitcoin goes above $87,800, we should expect further increases.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; 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.
Gold is Pulling Back to Support lines & PRZ – Another Rally!?As I expected in my previous post , Gold ( OANDA:XAUUSD ) finally touched Potential Reversal Zone(PRZ) (of course with a lot of volatility).
From Elliott Wave theory , Gold appears to have completed the main wave 3 and is currently completing the main wave 4 . The main wave 4 is likely to end near the Support lines and Potential Reversal Zone(PRZ) .
I expect Gold to attack Potential Reversal Zone(PRZ) at least once more after completing the main wave 4 .
Can Gold make a new All-Time High(ATH) or Correction?
Note: There is also a possibility that the main wave 5 is a truncated wave because in PRZ we have the $3,000 round number.
Note: If Gold falls below $2,940, we can expect further declines.
Gold Analyze ( XAUUSD ), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a 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.
Gold Elliott AnalysisHello friends
On the gold price chart, we are witnessing the formation of an Elliott wave pattern.
In this pattern, we can clearly count 3 waves.
Wave 1 or A has 5 microwaves, wave 2 or B is an opening triangle, and wave 3 or C also has 5 microwaves.
Between microwaves 3 and 5 of wave 3 or C, we also see a negative divergence, which is a reason for our correct counting.
But what is going to happen after that?
We expect a price correction in the form of a zigzag or anything other than an opening triangle.
This correction will reach the $2,960 range and the next target will be $2,930.
The probability of the price continuing to rise after this correction is very high.
You can enter a sell trade by breaking the price range of 3022 with a stop loss of 3046.
Be successful and profitable.
XAUUSD 4H forecastWe're in an impulse pattern to the upside, forming a wave 4. Potential Zig-Zag correction pattern.
We can expect it to retrace to the 38,2 before getting a rally.
USDCAD 1H forecastWe're in an impulse down, forming wave 4 as a Zig-Zag correction. I project the price to touch 38,2 and we can expect a collapse after that rally.
Diamond Bottom Pattern in CreditAccess GrameenThis pattern is not a common but has a good strike rate if correctly identified. The breakout level is close 1020 and projected target is above 1500.
BTC BTC waiting for Wave 4 breakout to confirm Wave 5! 🚀 Will we see the next leg up soon? Keep an eye on key resistance levels! #Bitcoin #ElliottWave #CryptoTrading
Apollo Hospitals - Elliott Wave Analysis Apollo Hospitals - Elliott Wave Analysis (4H Timeframe) 📉
🔍 Key Observations :
1️⃣ The Stock Has Completed a Wave 3 Top and Is Currently in a Corrective Wave 4
In Elliott Wave Theory, Wave 3 is usually the strongest and most extended impulse wave in a five-wave structure.
The chart indicates that Apollo Hospitals reached a peak, marking the end of Wave 3 (labeled as (3) in black).
Following the completion of Wave 3, a corrective Wave 4 is now in progress, as expected in a typical five-wave sequence (1-2-3-4-5).
Wave 4 corrections tend to be complex and can take various forms, such as zigzags, flats, or triangles.
2️⃣ The Corrective Structure Appears to Be Unfolding in an ABC Pattern
Within Wave 4, the correction seems to be forming a standard ABC corrective structure, where:
Wave A represents the initial downward move.
Wave B is a counter-trend rally (temporary bounce).
Wave C is expected to complete the correction with another downward move.
The chart suggests that Wave A and Wave B have already been formed, and Wave C is now developing, likely moving towards lower levels.
Wave B can sometimes exceed Wave A in some cases (irregular flat), but in this case, it looks like a regular zigzag correction.
3️⃣ Important Fibonacci Levels Suggest Potential Targets Around ₹6,500 and ₹4,925
Fibonacci retracement and extension levels help in identifying potential support and resistance zones.
If Wave C follows the standard structure, a move towards these levels could be expected before a potential Wave 5 rally begins.
🚨 Disclaimer: The content shared is for educational and informational purposes only and should not be considered financial advice, investment recommendations, or trading signals. I am not a SEBI-registered analyst or advisor. Always conduct your own research and analysis before making any financial decisions. Trading and investing involve significant risk, and past performance is not indicative of future results. I may be completely wrong in my analysis. Please consult a professional financial advisor before making any investment decisions.y investment decisions.
XAUUSD 2025/03/19Scenario XAUUSD TF H4
- Stick to your stop loss to protect your trades
- Manage your positions patiently until you hit the target
- Profit always in risk, take the risk or lose the chance
XAU Continued Uptrend
Gold´s rise doesn´t seem to be close to finished. In my primary count, we will soon finish blue 3 of green III.
Pullbacks are buying opportunities.
Silver Update | $40This TA focuses on long term projections using the last fractal pattern and a fibonacci extension to help with finding targets.
GBPUSD Wave Analysis – 18 March 2025
- GBPUSD reversed from support zone
- Likely to rise to resistance level 1.3050
GBPUSD currency pair recently reversed from the support zone between the support level 1.2900 and the upper trendline of the daily up channel from January.
The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Bullish Engulfing - which continued the active impulse wave (C).
Given the strongly bullish sterling sentiment, GBPUSD currency pair can be expected to rise to the next resistance level 1.3050 (the former monthly high from November).
