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Elliott Wave

Will TSLA Break Out and Reach $382?Disclaimer: This analysis is not a buy recommendation, nor a guarantee that the price will reach the mentioned targets. The goal is to share a technical perspective to provide useful information for traders and investors. In technical analysis, there are no absolute certainties, only scenarios based on historical patterns. The weekly chart of NASDAQ:TSLA is currently in a period of indecision, which could evolve into a new uptrend, possibly forming wave 3 of an upward movement. Entering after the confirmation of this trend would follow a classic technical analysis approach, as mentioned by John Murphy in the first chapter of Technical Analysis of the Financial Markets (page 4): "The primary goal of analyzing market price action through charts is to identify trends in their early stages for the purpose of trading in the direction of those trends." Target Projection for Wave 3 If the uptrend is confirmed, Murphy also describes a way to calculate the minimum target for wave 3 (chapter 13, page 345): "A minimum target for the top of wave 3 can be obtained by multiplying the length of wave 1 by 1.618 and adding that total to the bottom of wave 2." Applying this to the TSLA chart, the estimated target for wave 3 would be around $382.00 . Possible Weaker Trend? A factor that could reduce the expectation of reaching this target is also described by Murphy (chapter 13, page 346): "In a weaker trend, the maximum percentage retracement is usually 62%." The amplitude of wave 2 in TSLA shows a retracement between 66% and 78.6% , suggesting a possible weaker trend, which could decrease the probability of reaching the 1.618 target for wave 3. What do you think? Do you believe TSLA will develop an uptrend? If so, what could contribute to reaching the 1.618 target? Or does the retracement of wave 2 suggest a weaker trend? Share your thoughts in the comments, and let’s discuss the possible directions for TSLA’s price!
NASDAQ:TSLA
by LuccasChartRoom
3
Alikze »» FIL | Complementary scenario of correction wave 2🔍 Technical analysis: Complementary scenario of wave 2 of super cycle - In the analysis presented in the previous post, after reaching the range of 6.25 in a short-term ascending channel, a bearish reversal candle was encountered. - According to the structure of this correction in the form of a 5-wave zigzag, it can be a correction in the form of a 2-wave correction of the entire previous upward wave. - Therefore, if this wave ends in the green box area and meets the demand, we should wait for a return cycle to the red box area (supply area). - If this reversal can break the zone after a short correction in the form of wave 3 ascending super cycle and stabilize above the zone, we will have the scenario of wave 3 ascending super cycle, which further updates will be provided subsequently. ⚠️ In addition, if this amendment enters the range of invalid level, this scenario will be invalidated and should be reviewed and revised and the scenario of the second behavioral movement should be replaced. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by alikze
3
Elliott Wave View Expects NVDA (Nvidia)To Extend HigherShort Term Elliott Wave View in NVDA (Nvidia) suggests further upside in daily bullish sequence. It is trading in bullish weekly sequence at all time high and expect continuation against August-2024 low. In 4-Hour, it placed (1) at $131.26 high and (2) correction at $100.95 low. Above there, it favors upside in (3) of impulse sequence. It placed 1 of (3) at $120.79 high, 2 at $112.78 low, 3 at $144.50 high and 4 at $132.11 low. Currently, it favors upside in 5 of (3) from 31-October low and expect one more push higher to finish it, while dips remain above $143.57 low. Above $132.11 low, it placed ((i)) of 5 at $139.99 high, ((ii)) at $135.35 low, ((iii)) at $149.95 high and ((iv)) at 143.57 low as double correction. Within ((iv)), it placed (w) at $146.26 low, (x) at $148.85 high and (y) as ((iv)) ended at $143.57 low. Above ((iv)) low, it favors pullback in (ii), while placed (i) at $146.49 high and expect continuation in ((v)), which confirm above $149.95 high. It expects ((v)) to extend towards $151.47 – $153.90 area as minimum extension to finish (3) started from 6-September low. Alternatively, if it breaks below $143.57 low, it should extend ((iv)) before resuming higher in ((v)) to finish (3). Later, it should pullback in (4) in 3, 7 or 11 swings sequence and buyers expect to enter again from extreme areas to resume daily bullish sequence. Alternatively, if it extends higher and erase the momentum divergence, then it should turn out to be nest in (3) and see more upside.
NASDAQ:NVDA
by Elliottwave-Forecast
China A50: Super Bull is hereOver here you can see that I've given a super bullish case for China A50/CSI300. I've also fully labeled the down move and subsequent up move. This is a super bullish case for China. This analysis also goes beyond TA. I've a Douyin account (China equivalent of TikTok) and I can tell you that right now, all the biggest influencers are pushing for a super bull market. Yes, the sentiments there are still "in doubt", but definitely not "doubtFUL". This is in line with Elliott Wave's wave 2 and changing into wave 3.
OANDA:CN50USDLong
by yuchaosng
Gold: Prepare to short or lighten your longsFrom my previous analysis on 1st Oct saying that Gold is taking a break, it did a sideway correction for the next 6 trading sessions before pushing up again. That was a "neutral" call. Now, I see that Gold is reaching wave 3 target of $2801, meaning there should be a meaningful enough wave 4 correction to go short or at least lighten your longs. There is a convergence of 3 Fibonacci extension levels around $2801, plus completion of 5-wave structure.
TVC:GOLDShort
by yuchaosng
1
MSFT Long: Multi-Timeframe Analysis and Elliot Wave InsightMicrosoft is presenting a strong long opportunity, with a setup confirmed across multiple timeframes: the 2-day, 4-hour, and weekly charts. Trend Positioning: MSFT is trending upward, with current price action situated near the lower boundary of its ascending channel (highlighted by green trendlines). This area also aligns with key moving averages (7, 20, 50, and 100-day MAs), adding strong confluence at this support zone. Elliott Wave Perspective: The weekly chart suggests that Microsoft is in a corrective Wave 4 within a larger upward trend. This Wave 4 correction has respected common Fibonacci retracement levels (38.2% and 50%) and appears set to complete, potentially paving the way for a Wave 5 move toward new highs. Hard Invalidation: If price falls below ~366 (lower orange horizonal line on 2-day), the Elliott Wave structure would be invalidated, signaling a break in the uptrend. Intermediate Support: A drop below 385-389 range would reduce confidence in this path, although it wouldn’t fully invalidate it. Trade Targets: Primary Price Target: ~468, representing approximately an 11% gain (Risk-Reward Ratio: 3.5 based on current price). Secondary Price Target: >520, representing a ~25% gain (Risk-Reward Ratio: ~7.0). This target aligns with the upper boundary of the rising channel. Estimated Timeline: Given that the primary analysis is based on the 2-day chart, this move is expected to unfold over the next 3-4 months. Risk Management: Stop Loss: Suggested stop loss is within the 399.95 - 405.33 range, beneath key support on 4 hour. For those with large risk appetite, can set it for the identified bearish turn point int he 385-389 range.
NASDAQ:MSFTLong
by TristanJeffery
#MARA 4h Elliott-Wave AnalysisMARA chart showing some very complex Elliott-Wave structures. Not easy to count, but in combination with the RSI, the structure is very clear. Beautiful chart in my eyes! The move to the upside, labeled here as the blue Wave (b) with the pink (wxy) substructure, initially appears to be a 5-wave impulsive move. However, upon closer inspection, and aligning the chart pattern with the RSI, it becomes clear that this is a (wxy) corrective structure rather than an impulse.
NASDAQ:MARALong
by PF_Analysis
Alikze »» OP | C wave correction🔍 Technical analysis: C wave correction - It has been moving in an upward channel in weekly and daily time. - It is currently moving in a downward channel. - The last upward wave was a complete cycle of 5 waves, which was able to grow to the size of 0.78 of the previous wave, which then formed a corrective structure. - At present, the current corrective structure is a three-wave that can have two behavioral scenarios. 💎 First scenario: If the current zone cannot stabilize above the golden zone, wave C can extend to the specified PRZ zones (each of the PRZ zones can be a return zone). Therefore, if the current area is not maintained, the downward trend can continue. 💎 The second scenario: if it encounters demand in the golden zone, it can continue an upward trend in the form of a rising wave 3 or C, which at first can conquer its previous major ceiling and then continue to grow until the supply zone. If the behavior and structure of the post changes, it will be updated. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:OPUSDT
Short
by alikze
op goes to $32gm, read that title again, and let it sink in. --- optimism has been expanding extremely quickly over the last year,,, from large players like coinbase creating base on the chain, to a conglomerate like sony in the works of creating soneium... this is a rapidly growing chain, and there are incredible builders creating something truly magnificent as we progress into the future. --- optimism to me personally looks really good. there are a few ways i can label it, but this particular way is currently my favorite way, and it's is the "conservative" way. --- my conservative upside target on this project sits at $32 near the height of the upcoming alt-season. i do predict that it will most certainly go higher after, but that'll be an extreme which will be more than worthy of selling into. --- tldr; op to $32 as alt season begins.
Long
by notoriousbids
2
how avax reached $880gm,,, avax came up in a large 5 wave move from the 2023 lows. 5 waves up is generally the beginning of something,,, so we're going to label that whole structure as wave (1). we then begun to correct in a large 3 wave move,,, i've labeled that particular structure an expanded flat. back in august, we seemingly have completed the expanded flat,,, which i've went ahead and labeled as wave (2). what comes next from here, is wave (3). --- w3 target = $300 w4 target = $100 w5 target = $880
Long
by notoriousbids
3
ethereum goes to $20,000gm, eth is setting up for a monumental move to the upside as the etfs were granted access into crypto land. they've been accumulating behind the scenes while a large majority of the market has been panic selling due to a rise in fear, uncertainty, and doubt. --- over the last month i have decided to pivot my primary macro idea from bear to bull, due to two variables. 1. fear 2. market structure . --- a macro bullish nest is a series of 1-2 structures in elliott wave theory which leads to a parabolic expansion to the upside. so while the common man sells his bag out of sheer fear, the institutional trader simply scoops his coin up for a bargain and awaits the mark-up phase. --- eth target sits above 20k.
CRYPTO:ETHUSDLong
by notoriousbids
2
GOLD → Buyers stop believing in gold ... Are the bears coming? FX:XAUUSD after Powell's support reaches a local high of 2710, but buyers do not let the price near the risk zone. The price is returning to the correction phase and preparing to update the local lows The correction started after the strengthening of interest in the dollar, which is growing at the expense of gold because of Trump's victory. The excitement has not subsided yet, it may continue for a few weeks. The 0.25% cut in interest rates was slightly taken into account by the market, but still supported the metal, but short-term. The market is also disappointed with China, especially with the actions of the authorities towards the country's economy. In general, the fundamental background is negative and it is worth considering this information in your trading. Ahead of the US CPI, which will be published on Wednesday. Technically, the price is turning around and intends to test the liquidity zones located at the bottom... Resistance levels: 2680, 2685, 2700 Support levels: 2665, 2652, 2637 Emphasis on 2665. A pre-breakdown consolidation is forming. If the price breaks this support, selling may intensify. I do not exclude one more attempt to retest the resistance, for example 2680-2685 before further falling. In general, both fundamentally and technically, the market feels the priority towards the bears... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
14
Bitcoin Roadmap!!!==>>Short term!!!Bitcoin ( BINANCE:BTCUSDT ) created a New All-Time High(ATH) over the weekend. In your opinion, how far will this upward trend of Bitcoin go!? Because Bitcoin has never had a price history before, analyzing its end is a bit complicated. Of course, I will try to find the end of this Sharpie movement with technical analysis tools and On-chain data . Bitcoin has been moving in the Ascending Channel on the 15-minute time frame for the past two days . According to the Elliott wave theory , considering that Fear Of Missing Out(FOMO) is in the market, wave 3 has been extended . It seems that the Upper line of the Ascending Channel and Potential Reversal Zone(PRZ) can be the end of the main wave 5 . Then, wait for the correction. I expect this Bitcoin Sharpie correction to happen if the correction starts. Fundamental Conditions of Bitcoin: 1-The Fear and Greed Index is in the Extreme Greed Range, and Bitcoin's movements are showing this very well. 2-The Funding Rate for Long positions is very high and in the risk range. Anyone can log in anywhere😂. 3-Open Interest is in the maximum range and can be a warning to start correction in Bitcoin. 4-Lower prices are attractive areas for liquidating long positions. 5-100% of Bitcoin wallets are in profit. 6-I consider the fact that all the famous people in the cryptocurrency market talk about the higher price of Bitcoin, for example, 200 thousand and 300 thousand dollars soon, a warning because whenever these people talk about these goals, Bitcoin has been corrected after some time. So, according to your strategy and capital management, enter the financial markets, especially crypto, which is more risky. ------------------------------------------------------------ Finally, I expect Bitcoin to correct to at least $80,000 after breaking the lower line of the ascending channel and the Support zone($81,850-$81,500) . ⚠️Note: We can expect more pumps if Bitcoin breaks the Potential Reversal Zone(PRZ) ⚠️ 🙏Note: This is only a personal analysis; please follow your strategy and respect all ideas.Thanks🙏 Bitcoin Analyze (BTCUSDT), 15-minute 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
10
Boba Network (BOBA) — Get Ready for Explosive Wave 3 (Easy 28X)I'm not going to make many posts about altcoins and I'm only posting some of those that I'm holding personally and have the best structure in my opinion. This is another great opportunity similar to my previous posts. During a wave 2 correction price action did a retracement to the 0.786 level and is now moving sideways inside a support zone. RSI is stable and moving sideways on support as well. Nicely looking structure on the BOBA/BTC chart, sleeping on support: Look at these wild green weekly candles in the first wave: +70%, +45%, +98%. And +5000% in one week in 2021. Judging from the size of wave 1, wave 3 can easily reach previous all time high and even exceed it. Conservative target: $6.00 (2700%).
CRYPTO:BOBAUSDLong
by function_mechanic
7