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Elliott Wave

Eastern & Oriental Bhd - Potential Bullish Reversal Pattern# Technical Analysis: Eastern & Oriental Bhd (E&O) - Potential Bullish Reversal Pattern Looking at the E&O chart (ID: MYX), I can see that the stock is currently trading at 0.845 MYR, up 0.030 (+3.68%). The chart shows several key technical patterns and trade setups: ## Current Position Analysis - Trading near support at 0.845 MYR - Open position: 2,105 shares - Target price: 1.105 MYR (+30.18%) - Stop loss: 0.755 MYR (-11.24%) - Risk/Reward ratio: 2.68 (favorable) ## Technical Indicators The price action is currently showing signs of a potential reversal, with: 1. Multiple moving averages beginning to flatten and potentially cross 2. Price testing a horizontal support zone (highlighted in blue) 3. Recent bounce from support with increased volume ## Long-Term Perspective The chart displays a complete market cycle from 2023-2025: - Strong uptrend through late 2023 into early 2024 - Distribution phase in March-April 2024 - Downtrend through mid-2024 - Current consolidation/potential accumulation phase ## Trading Signals Several key sell signals were triggered at the top, with more recent buy signals appearing near support. The drawn trendlines suggest a large descending triangle that may be resolving to the upside if support holds. ## Outlook The current setup appears to be forming a potential inverse head and shoulders pattern with: 1. Left shoulder (October-November 2024) 2. Head (December 2024-January 2025) 3. Right shoulder forming now (February-March 2025) If price breaks above the neckline with increased volume, the measured move target of 1.10 MYR appears reasonable, aligned with the charted target price of 1.105 MYR.
MYX:E&OLong
by pengamalgelombang
GOLD → ATH Retest. High chance of breakout and growth to $3KFX:XAUUSD has again approached ATH 2938 - 2942. This yours increases the chance of resistance breakout and further growth. We are getting closer and closer to $3000 The market maintains recent gains as it awaits the release of minutes from the January Fed meeting and news of Trump's tariff plans. The US President threatened to impose duties on pharmaceuticals and chips, and confirmed the imposition of tariffs on automobiles from April 2, which strengthened demand for defensive assets. The lack of progress in peace talks between the US and Russia has also supported gold prices. However, traders are cautious ahead of the release of Fed minutes, which could cool expectations of rate cuts this year. Technically, all eyes are on the conglomerate resistance at 2938 - 2942. A breakdown and consolidation of the price above this area will provoke further growth Resistance levels: 2938, 2942 Support levels: 2924, 2915 Gold is in local pre-breakdown consolidation 2938 - 2924. Emphasis on these boundaries. Breakout and consolidation of the price above the resistance can provoke continuation of growth. But, before the growth the price may test the nearest support. Regards R. Linda!
FX:XAUUSDLong
by RLinda
23
EURJPY → Consolidation before further declineEURJPY is forming a downtrend. The price is bouncing off the channel resistance and has approached strong support, the breakout of which may trigger further decline Global EURJPY is in a neutral trend, but locally, due to economic nuances, the euro is weakening against the Japanese yen There are two key zones on the chart - resistance at 159.112 against which a false breakdown can be formed before the price continues its decline. And support at 158.45 - support of the pre-breakdown consolidation and at the same time a strong level, the break of which will open the way to 156.29. Resistance levels: 159.11, 160.16, 160.9 Support levels: 156.29 Technically, the situation is weak and hints that in the short term the bears could overcome the key support, which could trigger a bearish momentum Regards R. Linda!
Short
by RLinda
13
Could Solana be finally reversing on the upside?COINBASE:SOLUSD has been a nightmare and has fell significantly in past few days, much more than #BTC and #ETH relatively. But I can see a potential leading diagonal (3-3-3-3-3) rise. It the retracement of it holds above/around 61.8% which also happens to be the wave 4 low (165.945) then the next leg up should start which would give more insight into whether this is really an impulse up in progress or just another corrective leg.
FX:SOLUSDLong
by YetAnotherTA
1
Walt Disney Throwing off a Bullish Constellation. DISABC zigzag complete, then one bounce, and now:\ 1.vWAP crossed by 2. engulfing bullish candle 3. signals on VZO/StochRSI 4. cross of MIDAS line 5. Cross of Bolinger Band %PCT We like to use combinations or pairs of different indicator, as it improves chances. Similarly, every indicator we use looks at every market from completely different perspectives, be it volume, volatility, statistical deviation, price action, stochastics.
NYSE:DISLong
by Rykin_Capital
Bounce Off the Bottom for Merck. MRKWe believe a downward impulse (Elliott) is finished and this is somewhat evident by the two candlestick price action. A change in the tone and flavor of candle sticks in momental OBOS area, overstretched VZO/StochRSI combo can be suggestive of a pivot and we believe this to be happening here. If the outlook is wrong then the obvious and tight stop will prevent large losses. Interstingly Ehlers StochRSI already produced a signal and momentum RSX "tipped."
NYSE:MRKLong
by Rykin_Capital
PalantirWell today was quite the day for PLTR, huh. Over a 10% drop to finish the standard trading day off, followed by another $6 drop after hours. That equates to over a 15% drop in total value in one day. As I mentioned earlier in a post that a member made, we may not know what will cause a drop, just the area in which it is likely to occur. I had mentioned in a previous post that in the $125-$130 area there was a lot of confluence and that it would be an ideal place for the pattern to terminate and begin consolidating in wave (4). Well, the high made today, which was an ATH, was $125.40. This was a whopping $2.57 away from the 1.618 I said to watch for a reaction from. This is textbook price action on the larger time frames. I also quite often say that the larger counts are king. That is exactly what we saw today. I made this post more zoomed out to show you a better view of the larger pattern that we're tracking. The HUGE drop made today is just a tiny little blimp in the overall structure. I also made an arrow pointing to the wave 4 of a lesser degree. I do not want to see us breach that low under any circumstances. To do so would indicate the pattern is headed much lower. Instead, I want to see us make an abc pattern into the target box that ranges from $70-$83. Remember, this is a wave (4) and thus, will likely be very complex. DO NOT lose sight of the picture painted here. Regardless of how complex it gets; this is the target area we should hit. This wave (4) will likely be deep and long due to wave (2) being short and shallow. In order to keep the theory of alternation, this is what will be the standard move. I would imagine we get some sort of consolidation higher tomorrow from investors thinking this is a buy the dip situation. I am here to tell you that is EXTREMELY unlikely. Whatever move higher we get in the next few trading days will likely be given right up as we move towards the target box. Hopefully you had stops set to protect your positions as I had recommended. If not, maybe consider placing them now. Let me know if you have any questions or anything is unclear.
NASDAQ:PLTR
by TSuth
6
Microsoft Wave Analysis – 19 February 2025 - Microsoft reversed from strong support level 405.00 - Likely to rise to resistance level 417.80 Microsoft recently reversed up from the support zone between the multi-month support level 405.00 (which has been reversing the price from September) and the lower daily Bollinger band. The upward reversal from this support zone stopped the C-wave of the active ABC correction (2) from the start of December. Given the strength of the support level 405.00, Microsoft can be expected to rise to the next resistance level 417.80 (which reversed the price at the start of February).
NASDAQ:MSFTLong
by FxProGlobal
Will ANKRUSDT Finally Break Out? Key Levels to Watch Now!Yello, Paradisers! Is ANKRUSDT gearing up for a breakout, or is more downside coming? Let’s break it down. 💎ANKRUSDT has been forming a well-defined descending channel with a triple zig-zag pattern and bullish divergence, increasing the probability of an upcoming bullish move. 💎For a confirmed breakout, ANKRUSDT must show strength, break above the descending channel and resistance, and close a candle with strong volume. If that happens, the probability of a bullish move significantly increases. 💎In case of a retracement, a short-term bounce could be possible if we get a bullish Internal Change of Character (I CHoCH). However, considering the broader crypto market conditions, this remains a low-probability setup. 💎On the other hand, if we see panic selling, leading to a breakdown and candle close below the key support level, it will invalidate the bullish setup entirely. In that case, it’s best to wait for a stronger price action formation before taking any trades. 🎖 Patience and discipline are key in such setups, Paradisers. The market will always offer new opportunities—our job is to wait for the highest probability trades and execute with confidence. Stay sharp! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Bitcoin - No one is expecting this move! (must see)A lot of people are turning very bearish on Bitcoin, but I don't think it's time to be bearish, the bearish trend is not confirmed at all, and the price of Bitcoin should first touch the long-term major trendline (2017 -> 2021 -> 2025). You want to sell at the touch of the trendline. The second option is to use the Fibonacci extension tool and look for the 1.618 FIB. I did it for you, and the 1.618 FIB is exactly at 122,069 USD. Bitcoin is currently in the final stage of the bullish cycle that started in 2022 (15,632 USDT) and is predicted to end in 2025 (around 125,000 USDT). This was a pretty good investment, but if you are jumping in right now, you will most likely get hurt in 2025 and 2026. Let's take a look at history to see what we can expect in the next few years. Bitcoin crashed by 84% (in 2018) and 77% (in 2021). These are the classic bear market crises that Bitcoin experiences every 3–4 years. It's because we have halving events (reducing rewards for miners in BTC) every 4 years from a fundamental perspective. You may know that Bitcoin is highly volatile. History is telling us that in 2025/2026 a huge bear market and crisis are ahead. From the Elliott wave perspective, we are in the final wave (5). We can expect an ABC correction in 2025/2026 which would bring the price down to 50,000. I bring you very strong technical data that you can use on your trading decisions. In conclusion, I am currently optimistic about the price of Bitcoin for the next weeks and months. I think Bitcoin will hit 120k to 125k before we experience a major drop or flash crash. It's safe to buy/long Bitcoin, but do not forget to take profit! Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
BITSTAMP:BTCUSDLong
by Xanrox
129
Gold (XAUUSD) Short-Term Elliott Wave Analysis - updateShort-term Elliott Wave outlook for Gold (XAUUSD) suggests that, The 5th Long Wave has been Completed: This marks the end of an impulsive uptrend. Gold is now transitioning into a corrective phase. Current Move: 5th to A Wave in ABC Correction Wave A is unfolding, which is expected to be a 5-wave impulsive decline. Target: $2900, which would complete Wave A. Expect a sharp downside move towards this level. Volatile Zone Ahead: Wave A to B transition is indecisive but impulsive, meaning both buyers and sellers will be active. A to B could retrace part of A, creating whipsaws before a final C wave drop. Key Price Levels to Watch: Immediate Resistance: Near recent highs (~$2,940 - $2,960). Support for A Wave Completion: Around $2,900. If A-B reversal starts: Expect a bounce towards $2,920-$2,930 before a potential final C leg lower. Strategy & Considerations: Short-term traders: May look for selling opportunities on retracements if momentum aligns. Volatility Expected: Since A-to-B is indecisive but impulsive, wide price swings are likely. Confirmation Needed: A break below $2,900 with volume would confirm deeper downside potential. Conclusion on Gold (XAUUSD) Short-Term Elliott Wave Analysis - Gold has completed its 5th long wave and is now in a corrective ABC phase. Currently, it is forming Wave A, which is expected to be a sharp 5-wave impulsive decline, likely targeting $2,900. This phase is typically volatile, with indecisive but strong price swings as the market transitions from Wave A to B. If Gold reaches $2,900, expect a temporary bounce (Wave B) before the final C wave determines the next major direction. Traders should monitor key support at $2,900 and watch for potential retracement towards $2,920-$2,930 before further downside continuation.
CAPITALCOM:GOLDShort
by shiva560060
GOLD - ELLIOT WAVE EXPLINATION - 15 minsElliott Wave analysis suggests that Gold is currently in the ABC corrective phase, where: Wave AB has been formed (possibly an impulsive or corrective leg). Wave BC is expected to be a 5-wave down move, which indicates a likely zigzag correction (5-3-5 structure). Target for BC = $2840 level, implying a significant downside move. Key Considerations for This Analysis: Wave AB Completion: If AB is a sharp move up, BC is likely to be a deeper retracement. If AB is corrective, BC might be more complex. BC Wave Structure (5-Wave Down Swing): If BC follows a 5-wave impulsive structure, it suggests a strong downward move, potentially confirming the zigzag correction. First signs of a strong sell-off should appear in wave 1 and 3 of BC. $2840 Target Justification: If BC retraces 61.8% to 100% of AB, then Fibonacci projections could align with $2840. Additional confluences from trendline support or previous wave structures should validate this. Confirmation Points for BC: Breaking below key support levels to confirm wave 1 of BC. Failing to break previous AB highs would invalidate any further bullish move. Possible Elliott Wave Count for Gold Primary Count: ABC Zigzag Correction A: Up Move B: Partial retracement C: 5-wave impulsive decline (targeting 2840) Alternate Count: If Gold breaks above the current high of AB, then the count needs to be re-evaluated for a potential larger-degree bullish wave structure. Conclusion: If Gold follows the 5-wave down structure in BC, then the downside move is valid, and the next major target would be $2840. However, confirmation is needed from price action, trendline breakdowns, and volume patterns before fully committing to the bearish view.
CAPITALCOM:GOLDShort
by shiva560060
1
BTCUSD Long Term Short Many traders are turning bearish on Bitcoin, but the bearish trend is not confirmed yet. Bitcoin’s price should first touch the long-term major trendline before a potential reversal. A good strategy is to sell at the trendline or use the Fibonacci extension tool for targets. Bitcoin is in the final phase of its bullish cycle, which started in 2022 and is expected to peak in 2025. Entering now could be risky, as a major correction is likely in the following years. Past cycles show Bitcoin experiences strong bear markets every few years due to halving events. From an Elliott wave perspective, Bitcoin is in its final wave before a potential correction. A price drop is expected in 2025 or 2026, bringing Bitcoin significantly lower. In the short term, Bitcoin is likely to rise before experiencing a major correction. Traders should consider taking profits and managing risks wisely.
BITSTAMP:BTCUSDShort
by amirkhonov
1
GOLD → Bullish trend, but the price depends on the newsFX:XAUUSD bounces off previously tested trend support and gives a chance for possible upside. Economic risks are still high and gold as a safe haven is in demand Investors are cautious ahead of US-Russia talks in Saudi Arabia where they will discuss a possible end to the conflict in Ukraine. Weak risk appetite is supporting the dollar, also helped by comments from Fed officials. They express concern about inflation and call for caution in cutting rates. The attention of market participants is directed to the upcoming speeches of the Fed members and the publication of the minutes of the January meeting Technically, the price broke 2905 in the Asian session, at the moment this area plays an important role as support. The first target is 2922, the second target is 2938 Resistance levels: 2922, 2938 Support levels: 2905, 2893 The most likely scenario is a retest of support amid the global uptrend, as liquidity below 2905 is still of interest to the market. But, the price may continue to rise due to imbalance from the bullish side. A breakout and consolidation of the price above 2915 may also trigger a rise. Regards R. Linda!
FX:XAUUSDLong
by RLinda
15