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Elliott Wave

EUR/JPY Technical Analysis | 2H Chart 📉 EUR/JPY is currently showing signs of rejection from a key descending trendline (green) after a strong bullish move. 📌 Key Observations: ✅ Resistance Zone (Purple Box): Price attempted to break but faced rejection. ✅ Support Levels: Watching 160.617 and lower 158.519 for potential downside targets. ✅ Bearish Momentum: The price is reacting from resistance, suggesting a possible short-term pullback. ✅ Breakout Scenario: A break above 161.834 could trigger bullish continuation toward 162.500+. 💡 Trading Plan: 🔸 If price re-tests resistance and holds, expecting a potential drop toward the 158.500 region. 🔸 A confirmed breakout above 161.834 could invalidate the bearish bias and lead to further upside. 📊 Keep an eye on upcoming economic events for volatility! ---
by Greenfireforex
relief pumpSeems like election bull was already priced in, new money got washed. Bonds are making a comeback, cash is a position. Expecting more downturn after a relief pump, coinciding with yields retracement. Yields trending with equity price are usually signs of either economical expansion or economical fears, such as slowdown or recession, during up and downs. The markets just jumped from one narrative to the other: expansion(trump gets in office) ---> slowdown(tariffs imposed) I think the expansion narrative will take a while to settle back(end of Q2 at least) after all the executive orders signed. Although, I'm still long for the month of March, nice opportunity for a relief pump, before resuming of slowdown narrative.
TVC:US10YLong
by Osmanomics
XCN + 333%? X4 IS WAITING FOR IT IF THIS CONFIRMS.Last time Onyxcoin (XCN) had a Bullish divergence on RSI and make a Golden cross. it made a +383% in 5 waves making the 1st wave on the bigger cycle. (152 ds). Wave 2 a correction ( 152 ds), corrects as Elliot says to the 4th of a minor degree. And now that the Wave 3 seems to start, we break the descending channel and made a Golden Cross. We have the bull impulse until Feb/Mar 2025. To confirm this we need the break out on the RSI. And remember that Wave 3 usually is the strogest of all, we will find out on OCTOBER ;) Cheers!
Long
by PickleBiit
7
GOLD → Retest of 2926 before a possible breakout. CPI aheadGold is rising after long-squeeze and consolidating at the top of the 2926 - 2893 range, which is generally a hint that the market is getting ready to break resistance. But it all depends on CPI Traders awaiting US CPI data. The dollar is partially recovering before the news, which is holding back gold, which continues to consolidate in front of 2921, but weak inflation data may push prices up again. New trade measures as part of Trump's tariff war and geopolitical tensions are having an additional impact. The negative part for the markets presents the lack of a clear position of the leaders of the countries and constantly changing opinions: then they specify tariffs, then cancel them. Inadequate swings in the markets. Resistance levels: 2920, 2926 Support levels: 2910, 2905, 2893 Emphasis on 2926, breakdown of this level will trigger a bullish rally. Now the price is trying to get out of the local consolidation to test 2926, from which a small correction is possible before another breakout. The focus on CPI, weak data may support further price growth. Regards R. Linda!
FX:XAUUSDLong
by RLinda
13
QUICKUSDT → Pending a false breakout of resistanceBINANCE:QUICKUSDT is forming counter-trend movement to the resistance of the range - 0.02957. A false breakdown of the key level is formed against the background of the downtrend The cryptocurrency market is experiencing bad times. While bitcoin is testing new lows - 76K, altcoins are cutting through to find another bottom. QUICK stands out in this picture, testing a strong resistance (liquidity) zone 0.02845 - 0.02957 and forming a false breakout. BUT! in the morning session bitcoin strengthens after a strong fall and can pull the whole market up with it. Thus, before the further fall another attempt to retest 0.02953 or update the tail of the false breakout at 0.03000 (0.7fibo) is possible. Resistance levels: 0.0285, 0.02953, 0.0300. Support levels: 0.0243, 0.02118 If the next resistance retest ends in a false breakdown and price consolidation under 0.02957, QUICK coin may continue its decline in the short and medium term. Regards R. Linda!
Short
by RLinda
1
Gold Price Analysis – Elliott Wave PerspectiveCurrent Market Structure The chart illustrates a completed five-wave impulse (labeled in blue and red), indicating the end of a bullish cycle. A corrective W-X-Y pattern is developing, with price action currently in the X wave phase. A potential retracement towards the 2,882 – 2,877 support zone (50% retracement level) is expected before a strong upward move. Trading Outlook Bullish Scenario: If price reacts positively near the 2,877 – 2,882 support area, it could trigger a rally towards 2,950 and beyond. Bearish Risk: If the correction extends beyond 2,855, further downside may unfold. Conclusion Gold remains in a corrective phase, but the Elliott Wave structure suggests an upcoming bullish move. Traders should monitor key support levels and price reactions before making entries.
OANDA:XAUUSD
by zubairmalik
PEB Pacific Edge NZXPEB I already own this as a long term investment, but interesting chart right now.... Currently had gap down due to bad Medicare news removing product from approved test list, but shortly afterwards one product was ranked highest A+ for test credibility so this may remove the previous restriction in Medicare and open market again Technically this has a long term Elliott Wave 'Ending Diagonal' with an overthrow pattern which is technically a reversal signal, this was followed by a strong move upwards following the results of an industry comparison of products which proved very positive Currently the Triangle has been broken and now being retested, and is now at a good point to hopefully go higher... it may need a news/ medicare catalyst, but the probability is that it is more likely technically and fundamentally to rise than to fall... Moving from current $0.126 to $0.42 will be a 333% Return from current levels And there are gap closes at $0.49 and $0.78c so this represents a high potential reward to risk trade
NZX:PEBLong
by dionvuletich