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Elliott Wave

GOLD → Uptrend, price depends on CPIFX:XAUUSD continues to form an uptrend on the local and medium-term timeframe. The price is again testing strong resistance on H4-D1 and is showing signs of readiness to rise to 2700-2750. The PPI report was a bit of a surprise and a small driver for the markets, including gold, as the dollar moved into correction. CPI is ahead and bets are high on the report as it could change the market's assessment of the prospects for a Fed rate cut this year. A strong CPI could add pressure on gold, while a weak report would support the bulls.Hawkish Fed rates are supported by the premise that Trump, who begins his second term next week, is likely to fuel inflation with his protectionist policies. Technically, there is an area of volume density and order block ahead, which could trigger a small pullback to support from which upside could continue. Support levels: 2678, 2674, 2669 Resistance levels: 2690, 2697, 2703 But, in the short (mid) term everything depends on the news. CPI is ahead and with weak data gold may go on a bull run, but strong data may stop the growth and turn the metal around. Focus on key levels! Regards R. Linda!
FX:XAUUSDLong
by RLinda
9
EURJPY → The fall may continue after the correctionFX:EURJPY is under pressure. The currency pair is breaking the local uptrend. Technical and fundamental background is weak, which in general can put pressure on the market. Globally, the currency pair has no trend and is trading within the range of 166 - 156. The last growth attempt was unsuccessful, the price could not approach the intermediate maximum and facing a strong bear the price turned around and fixing below the SMA headed to the lower boundary of the flat. Locally, the change of character to bearish is confirmed, but before further fall the price may form a correction, for example, to 0.5 Fibo (imbalance zone), or to local zones of interest, but in the medium term the fall may continue. Resistance levels: 162.3, 163.1 Support levels: 160.9, 159.8 A false breakdown of local support is formed, which may lead to correction, but since we have confirmation that the market is bearish, after the correction the fall may continue. Regards R. Linda!
Short
by RLinda
1
SOLANA → Will a false breakdown be the cause of the rally?BINANCE:SOLUSDT is testing a previously broken downtrend boundary as part of a correction. Bulls are employing aggressive methods to keep defenses above key support ahead of Trump's inauguration, keeping hopes high On the weekly timeframe, the market is supported by SMA50 support indicating a strong uptrend. The focus is on two strong levels: 204.75 and 175. These are the boundaries of the current range. A breakdown of any of the boundaries will play a key role in further price movement. But I consider the realization of resistance as a priority. On D1 yesterday a false break of strong support was formed in the form of previously broken downtrend resistance. This indicates that the market is still in a bullish plane and on the background of upcoming important news this could have a favorable impact for the coin. Resistance Levels: 203-204 Support levels: 183, 175 If the price starts to retest the support at 175 and form a consolidation with a gradual downward compression, the risk of breaking the bullish pattern will increase. But, based on fundamental data, I expect a consolidation above 183 and further growth Regards R. Linda!
Long
by RLinda
12
GOLD (GC1!) ELLIOTT WAVE ANALYSIS - TRIANGLE PATTERNThe context suggests that we are inside the 4-grey wave, as the 3-grey wave ended at the high of 2,801.2. I see that the 4-gray wave is taking a long time, and is probably getting forming narrower as time goes on, as well as its subwaves have a lot of Three-waves, which directly suggests to me the idea of ​​a Triangle (3-3-3-3-3 or ABCDE). A closer look, the ((a))-navy to ((c))-navy, and the ((d))-navy wave is actually not over yet but continues to grow to go a little higher . That could indicate that the resistance levels at 2,761.3 play an important role, which is also the ideal stopping point of the ((d))-navy wave. After that, the ((e))-navy wave will move lower. furthermore.
COMEX:GC1!
by ShaneHua
1
Silver, Platinum and OilThis is how I see the precious metals and oil bull market most likely playing out. I believe we are at the equivalent of where the vertical red dotted line is. Oil outperforms precious metals (Gold, Silver, Platinum and Palladium) until Q3 2027 to Q4 2028. - approximately. That will be wave 3 of 5 for Oil. At the end of wave 3 - Oil will likely be priced between $250-400. Oil then starts it’s wave 4 retracement. While Oil ends wave 3, Silver will likely be in the $35-50 range. Likely closer to $50 and also coming to the end of a consolidation after already reaching approx $50 several months earlier. Then while Oil does wave 4, Silver will have an explosive move above $50 to somewhere into the $125 - 200 range. This will coincide with the Oil/Silver ratio breaking down from approx 6-7. Red zone marking expensive Oil, Green zone marking cheap Oil. After Oil completes wave 4 it will then go on to make wave 5 and peak somewhere in the $400-600 range. Once Oil peaks, Silver will start it’s wave 5 move and peak in the $300-600 range. As for Platinum, it might peak at the same time as Oil like it did last time in 2008. Gold and Silver peaked 3 years later in 2011. So it might peak at the same time Silver and Gold do. I also expect Silver and Platinum to outperform Gold which is why I’m not including it here. The purple vertical dotted line marks roughly when I think the Oil to Silver ratio will peak and when Silver starts it’s explosive break above $50.
FX:XAGUSDLong
by TipsOfPips
(Elliott Wave) Double zigzag correction is just half way inGlobal inspection suggests that correction (monthly timeframe) has not yet reached even the minimum targets (marked with red lines on a logarithmic scale). Local inspection suggests that correction is emerging in a double zigzag formation: - First zigzag (W) reached the lowest point of $0.262 - Right now ugly wave (X) is forming (retraced 0.618 of wave (W)) - Expecting one more zigzag (Y) with least the same length of wave (W) potentially reaching $0.18 (aligns with weekly 50 EMA) with an on the way pullback near $0.28 (aligns with daily 200 EMA).
COINBASE:DOGEUSDShort
by songergate
2
Is HCLTECH done? HCLTECH has had a phenomenal run from ₹12.9 in September 2001 to ₹2,012.2 earlier this month, a growth of ~15,500% in 279 months, averaging 40% annually. But is it all about to end? 5/35 MACD, which I love to use to validate my EW count is showing a massive divergence on the weekly charts combined with a big high-volume engulfing bar concurrently taking shape. I can also count clear 5 waves on the monthly charts. Based on my calculations, I can see two targets on the downside: 1418 and 970 . Do share your opinions below. Best!
NSE:HCLTECH
by akg1249
BTC/USDT : 200 day MA is key support to a massive $160,000 jump.Hello Traders, A compelling pattern is forming for CRYPTOCAP:BTC . Considering how BTC interacted with the 50 day MA from November 2023 to March 2024, with BTC retesting at $40,000 in January and then surging to $73,000 in March, if history repeats, the 2025 bull run could potentially send BTC to $160,000 within three months. Technically, BTC broke through the 50-day MA resistance from above and from $48,000 it declined by 20% towards the 100-day MA trendline to have rest at $38,000. From the 100-day MA trendline, BTC then rallied by 90% all the way up to $73,000. If this historical move were to repeat, BTC would likely encounter the 100-day MA trendline to fall 20% at $85,000 before another 90% surge towards $160,000 🚀🚀🚀. Play safe, #DisciplineWithStopLoss before you invest and keep close eyes on 50 & 100 day MA trendlines 🤞 #ChartPatterns #SwingTrading #BTCUSD #PatienceIsKey #RektProofTrade #ProtectYourCapital
Long
by hp_charts
4
Citigroup ($C): Fourth Test of Key Levels Since 2018The shares of Citigroup gained an impressive 7% today following its earnings report, which delivered a beat ✅. The company is projecting revenue between $83.5 billion and $84.5 billion for 2025, up from $81.1 billion last year and $77.1 billion in the year prior (excluding divestitures). Positive news for both the company and its investors! We’ve been monitoring NYSE:C but haven’t found a trigger yet—this might change soon. The stock is approaching its most significant resistance zone since 2018, a level tested three times in the past. Could the fourth test finally break through? We remain cautious, expecting that another pullback, even a minor one, might be necessary to push past $83. If this pullback materializes, we’ll evaluate opportunities to position ourselves. Currently, there’s a bearish RSI divergence, and unless the stock can make a higher high compared to 2021, another major pullback remains possible. However, a short position doesn’t align with our strategy at the moment. We’d need to see a lower time frame structure change to consider that route. This stock doesn’t lend itself well to Elliott Wave analysis as it has been trending sideways for years, and we’re not forcing patterns onto it. Stay alert for future opportunities on NYSE:C
NYSE:C
by freeguy_by_wmc
SOL - 1H Elliott Wave AnalysisGreetings, this is our current Elliott Wave Count for Solana. Solana could have potentially bottomed on the 13th January at 168.88 USD in the blue Wave 4 or blue Wave 2. We do prefer to label it as blue Wave 2 as the retracement is deep for a Wave 4 but technically not invalidated. For the short term count that does not matter. If Solana did bottom we would want to see a rally in blue Wave 3 or blue Wave 5 to start now. The recent rally could've been the first Wave of this move to the upside. We do count that as white Wave 1 and are looking for a corrective retracement as red Wave ABC which would bring price into the white Wave 2 support area. White Wave 2 support sits between the 0.5 FIB at 185.52 USD and the 0.786 FIB at 176.00 USD. If white Wave 1 extends to the upside the white Wave 2 support will move up too. Be aware if we break this support area we assume the we are resetting blue Wave 2 just a bit lower. If you are interested in the higher timeframe support area and the bull market targets I recommend you reading the 1D Elliott Wave Analysis for Solana which will be linked below in the notes. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
XRP - 1H Elliott Wave AnalysisGreetings, this is an update for the Elliott Wave count of XRP. We broke out of the Elliott Wave Triangle that was communicated in the last posts. We assume that the green Wave 4 has finished with this Elliott Wave Triangle and we started the green Wave 5. We count the recent move up which was the breakout as blue Wave 1 which could be finished but there is still the potential of further extension. After blue Wave 1 finishes we want to see a corrective retracement in red Wave ABC which would finish the blue Wave 2. The support area of blue Wave 2 sits between the 0.5 FIB at 2.6144 USD and the 0.786 FIB at 2.3774 USD. We added the 0.382 FIB at 2.7121 USD to the blue Wave 2 support area as XRP tends to have aggressive breakouts which could mean we get a shallow Wave 2. The blue Wave 2 support area will move up if we get further extensions to the upside. Congratulations to everybody who entered on the blue Wave E support area! :) Thanks for reading. NO FINANCIAL ADVICE.
by KanashimiBro
BTC - 4H Elliott Wave Count (part 2 of 2)Greetings, this is my current Elliott Wave count for Bitcoin. This time it is a bit different as I will do two separate post one containing the bullish count and one containing the bearish count. I split it up into two posts to keep the chart clean so it is easier to understand and I highly recommend reading both as none of them is preferred at the moment. I do post both counts now instead of waiting for clarity so everybody has time to prepare and get ready as the price might move fast especially with more news tomorrow the 16. January and the inauguration of Trump next Monday the 20th January. The counterpart counts will respectively be posted in the notes down below. The bearish count: In this count we assume that we are still working on the red Wave C and the recent rally is just the white Wave 2 which would be followed by an impulsive Wave 3 in white. The white Wave 2 unfolded in the orange ABC as an expanding Flat with the orange Wave B hitting the 1.38 extension of orange Wave A which is a common target for an overshooting B Wave. The white Wave 2 support area is between the 0.5 FIB at 96908.9 USD and the 0.786 FIB at 100257.0 USD. We are currently trading within it. Be aware that a sustained break above the 0.786 FIB at 100257.0 USD is the first indication that the blue Wave 4 has finished at the 88909.0 USD on the 13th of January. Noteworthy is that 100k is a psychological level and we might test it, which would go beyond the 0.786 FIB at 100257.0 USD but as long as it is a wick and not a sustained break that would be acceptable. If white Wave 2 is finished potential targets for the white Wave 3 would be the 1 to 1 FIB at 88040.3 USD, the 1.236 FIB at 85277.6 USD, the 1.38 FIB at 83591.9 USD and the 1.618 FIB at 80805.8 USD. Important is that we see an impulsive five Wave move down now. Thanks for reading. NO FINANCIAL ADVICE.
Short
by KanashimiBro
BTC - 4H Elliott Wave Analysis (part 1 of 2)Greetings, this is my current Elliott Wave count for Bitcoin. This time it is a bit different as I will do two separate post one containing the bullish count and one containing the bearish count. I split it up into two posts to keep the chart clean so it is easier to understand and I highly recommend reading both as none of them is preferred at the moment. I do post both counts now instead of waiting for clarity so everybody has time to prepare and get ready as the price might move fast especially with more news tomorrow the 16. January and the inauguration of Trump next Monday the 20th January. The counterpart counts will respectively be posted in the notes down below. The bullish count: In this count we assume that the red ABC is finished and with it the blue Wave 4 bottomed during the 13th January at 88909.0 USD and we started the blue Wave 5 which could be the last rally in this bull market. The recent move up could be 1st Wave of the impulse displayed as white Wave 1 here. Next we are looking for a retracement in white Wave 2. Wave 2 support sits between the 0.5 FIB at 94327.8 USD and the 0.786 FIB at 91228.2 USD. After we get the orange Wave A and B we can calculated further targets for orange Wave C which would finish white Wave 2. Important is that the coming retracement is in a corrective fashion and not an impulsive. If we see five Waves down now this could be the first indication that the bears are in control and we might get a lower blue Wave 4. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
Gold Analysis==>>Still Chance to Fall by Wedge Pattern!!!Gold ( OANDA:XAUUSD ) is moving in the Support zone($2,671-$2,653) and managed to break the Support line . According to the theory of Elliott waves , Gold seems to have completed the Double Three Correction(WXY) . In terms of Classic Technical Analysis , the Ascending Broadening Wedge Pattern is still valid , although, after the announcement of US rates , this pattern was slightly challenged. Also, we can see the Regular Divergence(RD-) between Consecutive Peaks. I think Gold will fall to at least $2,651 in the coming hours. This week, US indexes can affect the Gold trend , so be careful about your positions when the index is published. The most important economic indexes of the US this week : Core PPI m/m, PPI m/m = Tue Jan 14 Core CPI m/m, CPI m/m, CPI y/y = Wed Jan 15 Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims = Thu Jan 16 ⚠️Note: If Gold goes over $2,700, we can expect more pumps⚠️ ⚠️Note: If Gold closes a 4-hour candle below 50_SMA(Daily), we can expect a break of the lower line of the wedge pattern.⚠️ 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-hour 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:XAUUSDShort
by pejman_zwin
22
CADCHF Elliott Wave AnalysisHello friends In the CADCHF currency pair, we expect the price to grow, but why? In this currency pair, we are witnessing the formation of 2 5-wave patterns and 2 zigzag patterns, which can be called 1 or A and 2 or B and 3 or C. In my opinion, considering the price drop and the formation of these patterns, it is evidence of a price reversal. Therefore, I expect the formation of wave 5. I also consider the stop loss at 0.62100. If our theory is correct, we expect the price to grow to the level of 100% and then 161.8% Fibonacci. To support me, I recommend installing the Trading View application on your phone and see my analyses and support me with your comments and Boost. Be successful and profitable.
Long
by M_Gheysvandi
EURUSD Elliott WaveHello friends In the EURUSD currency pair, we are witnessing the formation of a 5-wave bearish pattern, which indicates a decrease in the value of the euro and an increase in the value of the dollar (due to President Trump's policies in the future). This 5-wave bearish wave is completing wave 5 of 5. This means that the price decrease will continue for now. This decrease to the 1.0200 range is certain. But after the White House is handed over to Trump and the cabinet is determined, the price will increase and we expect the price to grow in a corrective wave and then we will see further price declines. Good luck and be profitable.
Short
by M_Gheysvandi
XRPUSDHello friends In the Ripple digital currency, we are witnessing the formation of a 5-wave bullish pattern. Of course, this pattern can also be a zigzag with wave C extended! But we assume 5 bullish waves. Currently, waves 1 to 4 have formed and we are waiting for wave 5 to form. If the price moves upwards from the 2.35 range, our hypothesis will be confirmed and we can enter a buy trade and set the stop loss at the 2.25 range. The price target can also be the 2.57 or 2.67 range, depending on the extension of wave 3. But if it breaks down from the range, it will drop to the 2.14 range. Good luck and be profitable.
BITFINEX:XRPUSDLong
by M_Gheysvandi