Get started

Elliott Wave

NIFTY50.....On track with my forecast!Hello Traders, Personal note! I am at home during my rehabilitation program after my stroke. A short break from the daily rehab routine. I expect to continue my rehab until the 6th of March 2025. After that, I hope to be back to normal. Thank you all for your understanding and best wishes for a speedy recovery! Kind regards Rubennase The chart! After an unsuccessful breakout from the Ichimoku Kumo, the NIFTY50 followed the path of a correction. A new multi-week low was made on Friday the 21st at 22720! The index is on track with my analysis and short hand to touch my multi-week analysed price target @22167! There is a possibility that the N50 will recover from its multi-week low @22167 and start a new impulse (?) move higher. A daily close above 22167 is important for this idea! More interesting is the fact that the N50 will follow the path to my target range in the coming weeks. There is more bearish potential! A break of 22587 will establish the trend to the downside! At 22006 the waves a=c! Note this fact! A possible "spike" to the downside is probably something to think about! Well friends, that's it for a quick note. See you after my rehab, and thanks again! Kind regards Red Nose Please ask or comment as appropriate. Trade on this analysis at your own risk.
NSE:NIFTY
by ruebennase
15
BITCOIN → Price is in consolidation, but there are bullish signsBINANCE:BTCUSD broke resistance and gave a 4% momentum, it is not enough yet, but we have triggers and key zones. Price is still in consolidation, but it is likely that spring may be close. You may ask - why are there two scenarios here? Up↑ and down↓ (before growth) ? Well, the price is in consolidation and we have no clear assumptions in which direction the price will go. But we have key levels and zones, price behavior relative to them will tell us where the price will go. So, let's get to the bottom of it! Fundamentally , there is a small but important nuance: This week Trump said: “I am done with the war against cryptocurrencies”. Followed by almost $ 1bn dollars flowing into binance. Is someone getting ready for something?) 1) Technically, we have a trigger for further growth: $99000 - $99300 zone. If the bulls hold the price above the previously broken descending line, the price will head to attack the trigger in the medium term. A breakdown and price consolidation above 99K could trigger a rally. 2) But, chances of reaching 90-91K before rising are still high. If the price continues to test 94.8 - 95K and gradually push through this zone, everything will become obvious. In this case we will wait for a retest of 90K and further growth. Resistance levels: 99200, 102700 Support levels: 94800, 91280, 90К On the daily and weekly timeframe we can see that the price is forming a strong consolidation after a strong growth. Globally, this is a positive sign for a continuation of growth, but locally, inside the range, set-ups can be both short and long. Regards R. Linda!
BINANCE:BTCUSDLong
by RLinda
36
GOLD → Retest of trend support before the NEWS FX:XAUUSD is forming a false breakdown of the lower boundary of consolidation and support of the uptrend within the correction. Traders are waiting for S&P Global PMI indices in the US. The gold price has rolled back from the record $2,955, but still retains chances for growth continuation. The decline is due to profit taking as traders prepare for the release of the S&P Global PMI indices in the US. The PMI data may affect the expectations for the Fed to cut interest rates. Nevertheless, a possible price drop on the back of strong PMI data could be short-lived if Trump's new tariff plans reignite demand for safe-haven assets. While gold may continue to correct, any drawdowns are likely to be seen as a near-term buying opportunity Resistance levels: 2933, 2939, 2946, 2955 Support levels: 2924, trend support A false breakdown of the uptrend support is forming. If the bulls hold their defenses above the key area, gold may continue its rise in the short to medium term. But, the short-term outlook depends on the news Regards R. Linda!
FX:XAUUSDLong
by RLinda
7
USDJPY → Retest of key resistance before fallingFX:USDJPY breaks the bullish structure of the market. Dolla in the correction phase has a favorable impact on the market. The currency pair is forming a retest of the previously broken trendline after a strong impulse The yen reached a 10-week high on Thursday, causing the USDJPY pair to fall to 149.5. Investors are looking for safe-haven assets due to increased trade tensions caused by Donald Trump's aggressive tariff policy. The Japanese currency received additional support due to expectations of an interest rate hike by the Bank of Japan, which will increase its attractiveness for investors For now, the focus is on the 0.5 fibo resistance zone, 150.95, and previously broken upside support Support levels: 149.5, 148.64 Resistance levels: 150.95, 151.4 Most likely, before a possible fall, the price will be able to test the previously broken support, and now it is resistance 150.95 - 151.4. False breakdown of the key Fibo zones may provoke further fall. Regards R. Linda!
Short
by RLinda
2
TAO still bullish or in bear market phase?We have two potential scenarios for TAO: 1.) Bullish Scenario: This is based on the macro degree wave 5, where the 1-2 wave structure has already completed, and we are currently in the process of unfolding the remaining subwaves 3, 4, and 5. If this scenario plays out, we are targeting levels above $1000. 2.) Bearish Scenario: This scenario remains a possibility, as the macro wave 5 may have already terminated, signaling the start of a larger corrective phase. In this case, we would be entering a bear market, with a potential ABC correction unfolding.
by chase_ID
Crypto Market Is Trying To Resume Its Bullish TrendBitcoin remains under intraday bullish pressure with room for more gains, especially if we consider that NASDAQ100 is still pointing higher. So, seems like risk-on sentiment is still here and we should be aware of a bigger recovery in the Crypto market, even because of the USdollar that shows strong bearish momentum. Crypto TOTAL market cap chart looks to have a completed wave (2) correction and it's actually just about to break channel resistance line which confirms that wave (3) is in progress. Can ALTcoins follow Bitcoin soon?
CRYPTOCAP:TOTALLong
by ew-forecast
4
GOLD – ABC Retracement Wave Forming!GOLD is currently forming an ABC retracement wave, and Wave A is in progress. Based on technical analysis, the expected target for Wave A is around $2880. 📌 Key Points: 🔹 Wave A is the first leg of the corrective pattern, with a potential target near $2880. 🔹 Wave B may retrace to key Fibonacci levels before the final Wave C move. 🔹 This analysis is based purely on technical structure and retracement confluences. ⚠ Disclaimer: This is NOT financial advice—for educational purposes only. Always conduct your own analysis and risk management before making any trading decisions.
CAPITALCOM:GOLDShort
by shiva560060
OMUSDT → Flag (correction) before the rally BINANCE:OMUSDT still looks quite interesting. Consolidation in the flag format is forming within the bullish trend. The structure looks strong especially against the background of a weak altcoin market Bitcoin after Trump's speech yesterday was able to overcome local resistance and entered the buying zone. If the price can hold above 96.5 - 97K and continue its growth, some altcoins may have a bullish driver, which could push them up in general, including the already strong OMUSDT Technically, the focus is on the local descending flag channel, within which there are two key supports 7.324, 7.213. A false breakdown could trigger a continuation of the upside. Resistance levels: 7.755 Support levels: 7.324, 7.213 The trigger for growth continuation in our case is the channel border and resistance at 7.755. At the moment, we are still far from this zone and the coin is heading towards the support. A retest of the liquidity zone may end with a bullish impulse. Regards R. Linda!
Long
by RLinda
8
Wave 3: The Moment of TruthWave 3 has awakened. This is not just another move, not a fleeting rally. It is the raw force of the market in its purest form. Everything Wave 2 tried to suppress—fear, doubt, hesitation—is now a thing of the past. The correction served its purpose: to separate the weak from the strong, to prepare the ground for the inevitable. But now, Wave 3 takes control. No resistance can hold it back, no barrier can stand in its way. This is the moment when the trend is no longer a possibility but an undeniable reality. It is the phase where those who believed are rewarded, where patience transforms into power. The stored-up energy is unleashed with force, with urgency, with direction. Those who doubted will watch in awe. Those who endured will feel certainty coursing through their veins. This is the moment that defines history. Wave 3 does not ask. Wave 3 dominates.
Long
by BenjiQ
1
Boeing Wave Analysis – 20 February 2025 - Boeing reversed from the resistance zone - Likely to fall to support level 177.10 Boeing recently reversed down from the resistance zone between the multi-month resistance level 187.45 (which has been reversing the price from last July) and the upper daily Bollinger Band. The downward reversal from this resistance zone stopped the C-wave of the previous ABC correction (2) from November. Given the strength of the resistance level 187.45 and the overbought daily Stochastic, Boeing can be expected to fall to the next support level 177.10 (low of the earlier correction ii).
NYSE:BAShort
by FxProGlobal
Copper Elliott Wave Forecast: Bullish Breakout Targeting $5+Copper’s Elliott wave price structure suggests a completed contracting symmetrical triangle (ABCDE) correction, followed by the start of a five-wave impulse. The chart shows: Primary Degree Count: The rally from the $4.00 low (Wave E) marks the start of a five-wave impulse pattern. Intermediate Degree Count: Wave (i) of ((iii)) topped at $4.8346. Wave (ii) of ((iii)) is in progress, likely finding support above $4.42-4.54. Wave (iii) of ((iii)) is expected to extend toward the 1.618 Fibonacci extension level (~$5.00). Wave (v) of ((iii)) could reach the 2.618 Fibonacci extension (~$5.59). The Relative Strength Index (RSI) shows overbought conditions, suggesting a short-term correction before the next rally. COPPER'S ALTERNATE COUNT There is an alternate count we are keeping an eye on (labeled in red). The alternate count would suggest that the February 14 high was wave ((iii)) and a sideways grind is unfolding in wave ((iv)). This sideways grind would need to hold above $4.46 to remain valid. The alternate count would imply a more mature advance with less upside potential. BOTTOM LINE Copper’s Elliott Wave count suggests an impulsive rally targeting $5.00+. A corrective pullback toward $4.42-4.54 offers potential buying opportunities. Bulls remain in control unless price drops below $4.18.
FX:COPPERLong
by JWagnerFXTrader
2
Bitcoin’s Bullish Patterns_Ready for a Breakout!?As I expected in the previous post , Bitcoin( BINANCE:BTCUSDT ) approached the Heavy Support zone($93,300-$90,500) and Support lines but quickly started to rise. Bitcoin is moving in the Support zone($96,150-$94,700) . And in this increase of Bitcoin in the last few hours, we can see the Morning Star Candlestick Pattern well in the 2-hour time frame . Educational tip : The Morning Star is a bullish reversal candlestick pattern that forms after a downtrend, consisting of three candles: a large bearish candle, a small indecisive candle, and a strong bullish candle. It signals a potential trend reversal and growing buying momentum. In terms of Classic Technical Analysis , it seems that Bitcoin has succeeded in forming the Descending Broadening Wedge Pattern , which can be a sign of Bitcoin's increase . According to the theory of Elliott waves , it seems that the entire corrective waves inside the descending channel were all in the form of a Zigzag Correction(ABC/5-3-5) so that it seems that Bitcoin finally completed the main wave C in the previous hours. If Bitcoin breaks the upper line of the wedge pattern, we can confirm the end of the main wave C . I expect Bitcoin to be able to touch the Targets I specified on the chart AFTER breaking the upper line of the Descending Channel . Note: If Bitcoin goes below $94,400, we expect more dumps. Do you think Bitcoin can finally break out of this Descending Channel? Pump or Dump? Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 2-hour time frame. Be sure to follow the updated ideas. Do not forget to put 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.
Long
by pejman_zwin
19
TRBUSDT on the Verge of a Major Move – Breakout or Breakdown?Yello, Paradisers! Is TRBUSDT gearing up for a bullish breakout, or is a deeper retracement coming? Let’s break it down. 💎TRBUSDT is forming an ending diagonal while showing bullish divergence, increasing the probability of an upward move. But for this bullish scenario to play out, we need confirmation. 💎If TRBUSDT breaks out and closes candle above the resistance level, the probability of a bullish move strengthens, setting up a potential wave 4. 💎However, if the price retraces further, we could still see a bounce, but given the broader market conditions, this would be a low-probability setup. 💎On the flip side, a breakdown and candle close below support would invalidate the bullish outlook, signaling that it’s safer to wait for a better price action structure before taking any positions. 🎖Remember, patience and disciplined execution are what separate winners from the rest. Stay sharp, Paradisers, and don’t let emotions dictate your trades! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
2
Gold’s Rally Continues – Next ATH?Gold ( OANDA:XAUUSD ) again managed to form a new All-Time High(ATH) . Are you used to this? Gold has already managed to break the Uptrend line . But as long as Gold is above 100_SMA(1-hour) , we can hope for the continuation of the upward trend . According to the theory of Elliott waves , Gold seems to have succeeded in completing the main wave 3, so that the main wave 3 was extended . I expect Gold to start rising again after a temporary decline from the levels I charted and create a new All-Time High(ATH) . Note: If Gold can go below 100_SMA(1-hour) again, we should expect more dumps. 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
1
GOLD → Updated to the max. Growth may continueFX:XAUUSD updates its high to 2955, entering a clear zone where nothing prevents the price from continuing its rise. Economic risks and the dollar correction are still supporting the price of the metal Investors are seeking refuge in gold amid Trump's threats to impose another tariffs as early as next month. Markets remain under pressure due to a lack of support from China and tensions between the US and EU over peace talks with Russia without Ukraine. Although the Fed meeting minutes have gone unreported, investors remain focused on tariff negotiations, expecting gold prices to rise further amid market uncertainty Technically, the strong bullish trend and rally continues. Focus on key levels and local range 2955 - 2946 Resistance levels: 2955 Support levels: 2946, 2938 The price is pinned at 2955, the next trigger, the breakdown of which will provoke the continuation of growth. But before that the gold may test the support zone 2946 - 2938. The growth may continue after a false breakdown of support. Regards R. Linda!
FX:XAUUSDLong
by RLinda
5