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Elliott Wave

DAX index Wave Analysis – 12 February 2025 - DAX index broke resistance level 22000.00 - Likely to rise to resistance level 22500.00 DAX index is under the bullish pressure afar the earlier breakout of the daily up channel from August and the resistance level 22000.00 The breakout of the resistance level 22000.00 greatly accelerated the active impulse wave 3, which belongs to the intermediate impulse wave (3) from November. Given the clear daily uptrend and the accelerating upward channel inside which the price is moving now, DAX index can be expected to rise to the next resistance level 22500.00 (target price for the completion of the active impulse wave 3).
XETR:DAXLong
by FxProGlobal
Bitcoin Wave Analysis – 12 February 2025 - Bitcoin reversed from the support area - Likely to rise to resistance level 100,000.00 Bitcoin cryptocurrency recently reversed up from the support area between support levels 93775.00 and 90000.00. This support area has stopped the previous corrections 4, A, C and 2, as can be seen below. This support area was further strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the upward price impulse from November. Given the clear daily uptrend, Bitcoin cryptocurrency can be expected to rise to the next round resistance level 100,000.00.
BINANCE:BTCUSDLong
by FxProGlobal
GOLD → News ahead. Price is testing the risk zone 2881FX:XAUUSD within the correction is testing the key risk zone from which either a continuation of the trend or a deeper correction will take place. In the center of attention is the US CPI data, which may give a new impetus to prices. Markets remain in uncertainty over Trump's possible tariffs and Fed policy. According to WSJ, the president's administration is preparing new tariffs and this is another dose of risks for the global economy. Powell said that the Fed is in no hurry to change course, which raised expectations of a single rate cut in July and strengthened bond yields. Gold's further movement depends on inflation data and Trump's tariffs. If CPI exceeds forecasts, the dollar will strengthen and gold will fall in price. Weak data, on the contrary, may support the metal's growth. Resistance levels: 2898, 2910, 2929 Support levels: 2881, 2870, 2855 A false break of the support at 2881 would mean that the market is still bullish and quite aggressive. If the bulls keep the price above 2881 - 2885, then in the short and medium term we should expect a rise to 2930 - 2950. If gold breaks 2881 and sticks below this zone, then liquidation may take place in the market and the price may decline to 2855, 2848. The situation is stalemate, as there is news ahead and that is why we should consider 2 scenarios. Regards R. Linda!
FX:XAUUSDLong
by RLinda
23
EURUSD → Pending a breakout of resistanceFX:EURUSD is trying to take a chance amid the dollar correction. The price is forming a retest of consolidation resistance for a breakout and further growth After an attempt to break the downtrend resistance, the price moves into consolidation and forms a range of 1.053 - 1.021. Inside this set-up a local channel (consolidation) is formed and the price tests the resistance at 1.038. The market is still trying to confirm the change of trend and get stronger on the background of the dollar correction. The fundamental background is complicated due to the tariff war and economic crisis.... Resistance levels: 1.038, 1.053 Support levels: 1.033, 1.021 A breakthrough of the resistance at 1.038 and price consolidation above this area may trigger further growth within the distribution of the accumulated potential Regards R. Linda!
Long
by RLinda
3
USDCAD → Consolidation before downward distributionFX:USDCAD is stuck in a range (consolidation) between 1.4486 and 1.428. The dollar has been showing negative momentum lately, but with NFP ahead, the data could both reinforce the correction and support the index... All eyes are on today's economic news. If the actual NFP is below the forecast (169K), it will strengthen the expectations of the Fed rate cut. At 15:00 the Fed's monetary policy report will be released, which may clarify the further course of the regulator. If the NFP comes out weak, the dollar may sag and USDCAD may decline. If the data is stronger than expected, the USD will strengthen, which will lift the USDCAD. If the Fed hints at a rate cut, it may weaken the USD, supporting the CAD Resistance levels: 1.4345, 1.4369 Support levels: 1.428 News is uncertainty, as it is impossible to determine the outcome of this situation in advance. Technically, the currency pair looks weak due to the falling dollar. A break of the support at 1.428 may trigger further decline. Regards R. Linda!
Short
by RLinda
1
Turn off the log and see the Bitcoin waves.The Bitcoin market is delivering a powerful signal as it not only hit but exceeded the monumental $100K milestone. This follows three significant bull runs characterised by substantial retail participation in 2017, 2021, and the dramatic surge leading up to Trump's presidential inauguration on Jan 20th 2025. You don’t have to be an expert in Elliott Wave theory to recognise the five prominent upward waves and the three smaller downward waves (a, b, c) illustrated on this monthly chart. Elliott Wave theory serves as a tool in technical analysis, helping to interpret a security's price fluctuations over time by pinpointing recurring eight-wave patterns within the return data. Ralph Nelson Elliott unveiled his groundbreaking theory in the 1930s, gaining recognition for accurately forecasting the stock market's lowest point in 1935 through meticulous analysis of long-term indices and historical trends. The Elliott wave theory serves as a technical analysis framework, asserting that stock price fluctuations primarily manifest in waves rather than straightforward patterns. This approach shares notable similarities with the Dow theory, as both suggest that price movements unfold in waves rather than mere linear sequences. Do you think we might have actually experienced a left-translated bull run? Or do you feel this is merely a reset in sentiment, characterised by sideways price movements, while crypto still has the potential to soar to the lofty heights that mainstream influencers eagerly promote?
INDEX:BTCUSD
by BallaJi
2
AUDJPY Is Recovering After The Wedge PatternAUDJPY pair is sharply and impulsively recovering after we spotted the wedge pattern, so it’s now rising in minimum three waves A/1-B/2-C/3 that can retrace the price back to the starting point of the wedge pattern and back to 99-100 area, especially if we consider an unfilled GAP at 98.35 level. Currently we can see it making a five-wave impulse into wave A/1, so after corrective pullback in wave B/2, be aware of a bigger rally within wave C or maybe even wave 3 if goes decisively above 100 area. The ending diagonal (wedge) pattern is a special type of wave that occurs in wave 5 of an impulse or wave C of a correction. An ending diagonal pattern is a type of pattern that can occur at the completion of a strong move. It reflects a “calming” of the market sentiment such that price still moves generally in the direction of the larger move, but not strongly enough to produce an impulsive wave. Ending diagonals consist of five waves, labeled 1-2-3-4-5, where each wave subdivides into three legs. Waves 1 and 4 overlap in price, while wave 3 can not be the shortest amongst waves 1, 3 and 5. The reason why they are so interesting is because they are indicating a reversal, usually a strong one, which can retrace the price back to the starting point of the pattern.
Long
by ew-forecast
Ready For Next Bull run! Lets Go To 280,000BTC maintains a strong bullish trend, with the market structure consistently adhering to the Elliott Wave principles, even amid short-term fluctuations. The rounding bottom pattern remains intact, and its full impact is yet to materialize. The price has concluded sub-wave 4, and we are now anticipating the final phase to complete this minor cycle before the larger macro waves take shape. The overarching outlook points to a surge toward $280,000, a target expected to be achieved when market sentiment is at its lowest, as institutional players and major investors continue to accumulate assets during retail sell-offs.
Long
by PIPsOptimizer
Bitcoin Analysis—Bulls vs Bears—Who Will Win This Battle!?As I expected in the previous post , Bitcoin ( BINANCE:BTCUSDT ) attacked the Support zone($96,520-$95,720) and 100_SMA(Daily) but started to rise again. The increase in the last few hours has NOT been accompanied by high volume so far. Bitcoin is moving in the Resistance zone($100,520-$97,200) and near the Potential Reversal Zone(PRZ) , the upper lines of the Falling Wege Pattern , the Monthly Pivot Point , and 50_SMA(Daily) . According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the Expanding Flat(ABC/3-3-5) near the upper lines of the Falling Wege Pattern . If Bitcoin goes above $99,200 , this wave count will expire . Educational tip : If you cut the falling wedge pattern exactly in half, you will notice that most of the candles are in the lower half, and whenever Bitcoin hits the upper lines, it starts to fall immediately, which means that the power of sellers is more than buyers. Although the wedge pattern is a bullish pattern, we cannot expect an increase until the upper line is validly broken. I expect Bitcoin to re-attack the 100_SMA(Daily) and Support zone($96,520-$95,720) in the coming hours, and if it breaks , it will also attack the lower line of the falling wedge pattern . Note: If Bitcoin breaks the upper lines of the falling wedge pattern in huge volumes, we should most likely wait for the break of the Resistance zone($100,520-$97,200). However, the main resistance of Bitcoin is the $107,000 range. Note: If Bitcoin manages to break the lower line of the falling wedge pattern and 100_SMA(Daily), we should wait for Bitcoin to attack the Heavy Support zone($93,300-$90,500) and Support lines. Which scenario do you think will happen to Bitcoin? 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 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.
Short
by pejman_zwin
17
USDJPY → False break of support gives bulls a chanceFX:USDJPY bumps into support and forms a false breakdown of the lower boundary of the local trend. The dollar is strengthening at this time, which may give a chance for growth of the currency pair. The price stops in the zone of strong support, the fundamental background has been unstable lately and depends more on the USA. Everyone has long forgotten about the growth of interest rates in Japan and follows the economic data from the West. Technically, there are two triggers on the chart, one to buy and one to sell, but since the global and local trend is upward, the preference is to buy. If the currency pair is able to consolidate above 151.9 - 151.95, then in the short and medium term we should expect growth to the targets indicated on the chart. Resistance levels: 151.94, 153.7, 153.97 Support levels: 150.95, 149.52 But, if the dollar continues the correction and the bulls fail to realize the false support breakdown, the price return to 150.95 may provoke the support breakout and fall to 148.64. Regards R. Linda!
Long
by RLinda
24
TSLA in Free Fall: How Low Will It Go ?Tesla is in free fall – and so far, there’s no sign of a turnaround. The 38.2% retracement zone has been hit, but let’s be honest: there’s no real bounce yet. Here’s why I expect the stock to drop further towards $360 – and how I’m positioning my entries. Since mid-December, NASDAQ:TSLA has been in a clear downtrend on lower time frames, with no serious buying momentum yet. My first entry is already set as a limit order just below current support. If sellers keep the pressure on, a second entry below the untouched VWAP could make sense – with a tight stop in case TSLA takes another dive. I’m staying on top of this and ready to adjust, but one thing’s for sure: The moment TSLA shows it’s done bleeding, it's going to send higher!
NASDAQ:TSLALong
by stromm
1
Tesla UpdateDamn it feels good to be right, lol. No in all seriousness, we knew this move lower was coming. I've been preaching about it for what, 2-3 weeks now. This pattern has appeared corrective for some time now, we just finally got the follow through over the last couple days. If this pattern is to proceed in a standard fashion, then we should get the microwave 4 & 5 next, followed by the sub-minuette wave iv & v. I imagine this will take a week or two to play out but as you well know by now, there is nothing that governs time. For now, I am watching the $300 area (+/- $10) for a possible bottom. This thing could easily extend lower though to the 1.382 or 1.618 @ $280.15 & $252.91 respectively. Once we get towards the bottom of this pattern, I plan on taking a swing long to trade the (B) wave higher. I am expecting a roughly $100 swing at that point. I just sit here wondering what WILL cause that kind of a swing, not if. Don't get me wrong, that will be a b wave and they're historically complex. They don't always hit standard targets, but even if it only hits the area of the 0.382, that is still a $60-$70 swing. Now, these numbers I am mentioning right now are VERY rough estimates as we still don't even have a bottom formed. They're based on standard targets and are subject to change. Once we get some more price action to play out, I will have more refined targets. For now, I am just waiting for the bottom to form so I can finally take another position in Tesla. As you know though, I am picky and very patient. If it doesn't pan out as expected, then so be it. I will have no qualms about missing out on a trade.
NASDAQ:TSLA
by TSuth
4
ETH - Elliott WaveBased of previous posts on Pepe Elliot Wave - These my levels for ETH / USDT Elliot Wave Knowledge base: ChartChampions - None other than Daniel and his Team to learn from! Book wise atm: JARROD SANDERS - Elliott Wave FIBONACCI HIGH PROBABILITY TRADING Oh and definitely think that this was an extended Wave 3! I got suckered thinking I knew the levels without waiting and being patient before taking a trade! Patience and risk management for me is half the story! I know my levels but I'm a losing trader because I don't have patience. <3 Confluence Wave 0 to 1 same length as Wave 4 to 5
by hmaroudas
v e l o d r o m egood evening. haven’t posted publicly about velodrome in a while. privately? plenty. last private post: --- tonight marks day one of alt season. most were waiting for this moment, hoping for it, convinced they were ready,,, until they weren’t. until the rug was pulled right before it began. they watched it slip through their fingers. and that feeling will haunt them. every green candle, every new high, every alt that explodes without them. they will tell themselves they’ll buy back in, that they’ll catch the next dip, that they’ll get another chance. but they won’t. because by the time they realize what’s happening, we’ll already be too high, too far gone, too deep in the run. --- confession: we pulled the rug. for a reason. for the future of velodrome. now that we hold all of the supply, there are no interruptions. nobody left to sell. nobody standing in our way. the top forms, when we decide it forms. until then, enjoy the ride. #superchain 🌙
Long
by notoriousbids
1
EURJPY Wave Analysis – 11 February 2025 - EURJPY reversed from the support area - Likely to rise to the resistance level 159.65 EURJPY currency pair recently reversed up from the support area located between the key support level 156.000 (which has been steadily reversing the price from August of 2024 as can be seen below) and the lower weekly Bollinger Band. The upward reversal from the support area stopped the previous weekly downward impulse wave (3) from last year. Given the strength of the support level 156.000, EURJPY currency pair can be expected to rise to the next resistance level 159.65 (the former weekly low from January).
Long
by FxProGlobal
1